OTC Markets OTCPK - Delayed Quote • USD Cathay Pacific Airways Limited (CPCAY) Follow Add holdings 6.71 0.00 (0.00%) At close: May 23 at 2:55:40 PM EDT All News Press Releases SEC Filings Cathay Pacific expects lower US-China air cargo demand from tariffs impact SEOUL (Reuters) -Cathay Pacific Airways, one of Asia's largest air freight carriers, expects air cargo demand between mainland China and the United States. "We expect a softening of general air cargo demand between the Chinese mainland and the United States due to the ongoing tariff situation and de minimis rule changes from early May," the airline group said in a statement. Based at the world's busiest cargo airport in Hong Kong, Cathay Pacific has benefited in recent years from rising volumes of e-commerce and other air freight out of China. Cathay Pacific Annual Profit Rises Slightly but Flags Trade Risks The airline said its annual net profit rose slightly but flagged that trade conflicts could pose risks to its cargo business. Cathay Pacific reports slight profit growth amid strong regional competition Cathay Pacific Airways reported marginal full-year profit growth on Wednesday, but airfares fell because of intense competition as Asia's airlines continue to restore seat capacity after the pandemic. Hong Kong's flagship airline posted a 1% rise in group net profit to HK$9.89 billion ($1.27 billion) for the year ended December 31, beating SmartEstimate's HK$8.49 billion forecast, supported by stronger cargo demand, more passengers, lower fuel prices and cost efficiencies. Cathay Pacific's full-service airline, however, saw its annual yield, a proxy for airfares, fall 12%, while yields at the group's fully owned low-cost carrier HK Express fell 23% year-on-year. Stocks to watch this week: TSMC, Oracle, Volkswagen, Inditex and Persimmon Earnings preview of key companies reporting this week and what to look out for. Top Dividend Stocks To Watch In February 2025 Amidst geopolitical tensions and consumer spending concerns, global markets have experienced a volatile week, with major U.S. indices declining despite early gains. As investors navigate these uncertain times, dividend stocks can offer a measure of stability and income potential, making them an attractive option for those seeking to balance risk in their portfolios. Recent Price Trend in Cathay Pacific Airways (CPCAY) is Your Friend, Here's Why Cathay Pacific Airways (CPCAY) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen. Is Allegiant (ALGT) Stock Outpacing Its Transportation Peers This Year? Here is how Allegiant Travel (ALGT) and Cathay Pacific Airways Ltd. (CPCAY) have performed compared to their sector so far this year. All You Need to Know About Cathay Pacific Airways (CPCAY) Rating Upgrade to Strong Buy Cathay Pacific Airways (CPCAY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. Cathay Pacific Airways (CPCAY) is on the Move, Here's Why the Trend Could be Sustainable If you are looking for stocks that are well positioned to maintain their recent uptrend, Cathay Pacific Airways (CPCAY) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen. 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Report finds a faulty component could have caused 'extensive damage' to Cathay Pacific jet Hong Kong’s air safety authority said Thursday that a defect in an engine component of a Cathay Pacific Airways Airbus A350 that caused a fire, forcing a Zurich-bound flight to return to Hong Kong, could have caused “extensive damage” to the aircraft. The report on the Sept. 2 incident by Hong Kong’s Air Accident Investigation Authority said the steel braided sheath of a fuel hose connecting to a fuel spray nozzle was ruptured. Top 3 SEHK Dividend Stocks For September 2024 As global markets grapple with economic uncertainties, the Hong Kong market has shown resilience, particularly in sectors known for stability and consistent returns. Amid these conditions, dividend stocks stand out as a compelling option for investors seeking steady income streams. In this environment, identifying strong dividend stocks becomes crucial. Companies with robust financial health and a history of reliable payouts are often seen as safe havens during volatile times. Cathay Pacific A350 fleet to resume full service by Saturday after repairs (Reuters) -Cathay Pacific Airways said it would return all Airbus A350s to operation by Saturday following engine fuel lines repairs, while other airlines were waiting for guidance from manufacturer Rolls-Royce on whether they needed to inspect their engines. Several Asian A350 operators have chosen to carry out their own precautionary inspections after Cathay Pacific found 15 planes that needed fuel line repairs following the in-flight failure of an engine part this week that forced its A350-1000 passenger plane to dump fuel and return to Hong Kong. Other airlines have said they are closely monitoring the situation and are in touch with Rolls-Royce. Airbnb & NYC, hotel protests, Rolls-Royce engines: Top Stories Airbnb (ABNB) is asking New York City officials to scale back regulations on short-term rental hosts. New York's Local Law 18 requires hosts to apply for a license from the Office of Special Enforcement (OSE). Hilton Worldwide (HLT), Marriott International (MAR), and Hyatt Hotels (H) workers are striking nationwide as walkouts organized by the Unite Here union protest against working conditions and demand for higher wages. Chinese airline Cathay Pacific (0293.HK, CPCAY) has cited component failures in aircrafts' Rolls-Royce (RR.L) engines, leading to flight cancellations throughout the week. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan. Trending tickers: Nvidia, Rolls-Royce, Tesla and Intel The latest investor updates on stocks that are trending on Tuesday. Cathay Pacific inspections find 15 A350s need engine parts replaced (Reuters) -Hong Kong's Cathay Pacific Airways said on Tuesday it had inspected its entire Airbus A350 fleet after the in-flight failure of an engine part and found 15 aircraft with components that needed replacement. A person familiar with the matter said a leak in a fuel system appeared to have caused a brief engine fire that was quickly extinguished by the crew of the Zurich-bound A350. The A350-1000 returned to Hong Kong just over an hour after take-off. Performance Overview Trailing total returns as of 5/23/2025, which may include dividends or other distributions. Benchmark is HANG SENG INDEX (^HSI) Return CPCAY HANG SENG INDEX (^HSI) YTD +14.53% +17.65% 1-Year +31.19% +25.08% 3-Year +55.32% +15.30%