|Bid||3.5800 x 0|
|Ask||3.5900 x 0|
|Day's range||3.5400 - 3.5900|
|52-week range||3.2000 - 9.4900|
|Beta (5Y monthly)||0.59|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||14 Nov 2019|
|1y target est||N/A|
The pandemic has severely hurt Cathay Pacific Airways and Singapore Airlines, but HK-based Cathay is likely in a tougher spot, analysts say.
Hong Kong's Cathay Pacific Airways Ltd <0293.HK> said on Wednesday it would slash 5,900 jobs and end its regional Cathay Dragon brand, joining peers in cutting costs as it grapples with a plunge in demand due to the coronavirus pandemic. "The actions we have announced today, however unpalatable, are absolutely necessary to bring cash burn down to more sustainable levels," Cathay Chairman Patrick Healy told reporters. Singapore Airlines Ltd <SIAL.SI> and Australia's Qantas Airways Ltd <QAN.AX> have already announced similarly large payroll cuts, as the International Air Transport Association forecasts passenger traffic will not recover until 2024.
When Singapore Airlines Ltd. said seats on its superjumbo-turned-restaurant sold out in 30 minutes, one common question was: “Who on Earth would want to do that?”