As Hong Kong’s flagship carrier, Cathay Pacific operates an extensive global network, leveraging its dominant position at a leading international aviation hub. With no domestic market, it is fully reliant on international traffic. In 2025, the South Asia, Middle East, and Africa market contributed 42% of Cathay’s passenger capacity, followed by North America with 36% and Europe with 27%.
We see potential earnings upside from its high cargo yield.
Seat capacity recovery is slower than expected.
|
Metric
|
00293
|
C6L
|
QAN
|
|---|---|---|---|
Price/Earnings (Normalized) | 7.61 | 17.43 | 9.14 |
Price/Book Value | 1.54 | 1.27 | 9.05 |
Price/Sales | 0.73 | 0.98 | 0.54 |
Price/Cash Flow | 3.43 | 4.15 | 3.51 |
|
Metric
|
00293
|
C6L
|
QAN
|
|---|---|---|---|
Quick Ratio | 0.39 | — | 0.37 |
Current Ratio | 0.44 | — | 0.43 |
Interest Coverage | 6.03 | — | 4.37 |
|
Metric
|
00293
|
C6L
|
QAN
|
|---|---|---|---|
Return on Assets (Normalized) | 6.71% | — | 5.20% |
Return on Equity (Normalized) | 20.96% | — | 106.62% |
Return on Invested Capital (Normalized) | 11.86% | — | 11.94% |
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1-Day Chart
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Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Delta Air Lines Inc
DAL
| LOCK|<%HKw> | LOCK|$Z | $55B | |||
| United Airlines Holdings Inc
UAL
| LOCK|>$n%pKL | LOCK|vL^ | $36B | |||
| Ryanair Holdings PLC ADR
RYAAY
| — | LOCK|!@ | $27B | |||
| International Consolidated Airlines Group SA ADR
ICAGY
| — | LOCK|>?t | $25B | |||
| International Consolidated Airlines Group SA
BABWF
| — | LOCK|%^ | $25B | |||
| Southwest Airlines Co
LUV
| LOCK|hVJ>$H | LOCK|Y% | $20B | |||
| Singapore Airlines Ltd
SINGF
| — | LOCK|CVs | $16B | |||
| Singapore Airlines Ltd ADR
SINGY
| — | LOCK|Lf | $16B | |||
| Air China Ltd Class H
AICAF
| — | LOCK|n!^ | $16B | |||
| American Airlines Group Inc
AAL
| LOCK|MH&yK$ | LOCK|MN% | $9B |
United States