The Southwood Group Sees Steady Growth in Cathay Pacific Airways
The Southwood Group believes the share price of Cathay Pacific Airways may see a steady rise over the next year with investment over the last eighteen months coming to fruition.
- (1888PressRelease) August 24, 2013 - Cathay Pacific is the international flag carrier of Hong Kong with their main hub situated in Hong Kong International Airport, operating both scheduled passenger and cargo services to 172 destinations in 39 countries worldwide. The flight groups fleet of wide-body aircraft consists of Airbus A330, Airbus A340 and both Boeing 747s and 777s. Air Hong Kong and Dragon air are wholly owned subsidiaries of Cathay Pacific with Dragon air operating in 36 destinations in the Asia-Pacific region, as a group they carry almost 30 million passengers and almost 2 million tons of cargo and mail.
Cathay Pacific is a long-standing airline, incorporated in the mid-forties, currently supporting a fleet of 134 planes with revenue in excess of HK$99 billion almost US$13 billion. Profits in 2012 were not as high as the previous years due to its continual investment in to the expanding fleet. Cathay Pacific's recent investments have given way to the introduction of 92 new aircraft of which delivery has commenced and will be completed by 2020 and last year saw the completion of their own cargo terminal at Hong Kong International airport.
The Southwood Group believes that the recent injection of capital and the airline's new projects approaching completion the investment will make its way on to the balance sheet in the form of profits within the near future. At the end of last year, the Cathay Pacific Group employed more than 29,800 people worldwide, with over 22,700 based in Hong Kong. The airline has had a continual recruitment drive for the last 18 months of pilots and cabin crew. The airline group's recruitment drive has produced more than 500 cabin crew and more than 230 pilots and within Dragonair 330 cabin crew and about 50 pilots, substantiating the expansion of its network and fleet.
"We have seen a huge amount of spending by Cathay over the last twelve to eighteen months on their fleet and new cargo facility in Hong Kong. The airline group's expansion plan approaches finishing point and is evident as their staff recruitment drive and training enters the last stages, the recent expansion and investment will come to fruition as analysts predict a share value increase over the next twelve months as investment converts to profit," commented Senior Vice President of Mergers and Acquisitions James Morgan at The Southwood Group.
As an equity-research house, The Southwood Group specializes in providing fundamental research and data analysis, ultimately facilitating trend identification, and finally stock selection. The company has professional managers with extensive experience in all aspects of investing and legal compliance, all of whom had spent their careers in the global finance industry from Hong Kong to New York. It is established on ideals of perseverance, enduring commitment to its clients and, most of all, due diligence.
The Southwood Group hopes to enhance even more its capability and reputation as a provider of success-driven service to its clients.
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam