|Bid||0.9055 x 1579000|
|Ask||0.9525 x 1534400|
|Day's range||0.8980 - 0.8980|
|52-week range||0.7210 - 1.1680|
|Beta (5Y monthly)||0.87|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||04 Sept 2019|
|1y target est||N/A|
Malaysia's Capital A will combine its AirAsia budget airline business with long-haul offshoot AirAsia X as part of a corporate restructuring designed to shed its status as a financially-distressed firm, CEO Tony Fernandes said. Capital A, headed by Fernandes, will retain the digital, logistics and aviation services businesses, while AirAsia X will be renamed AirAsia Aviation and be led by long-time executive Bo Lingam under the plan.
"Overall we have enough long-haul aircraft to fulfil Cathay Pacific's growth plan," Chief Customer and Customer Officer Ronald Lam said during an analyst briefing, citing existing orders for Airbus SE A350 and Boeing Co 777X planes. Lam said the focus would be on acquiring more medium-haul jets to operate in the Asia-Pacific region as well as dedicated freighters, though he did not provide the numbers or types being considered.
Cathay Pacific Airways Ltd will increase base pay by an average of 3.3% in 2023 and offer bonuses worth the equivalent of one month's salary to Hong Kong-based staff meeting performance targets, its CEO said in a memo on Monday. "We have moved from 'survival' to 'recovery' and I am so grateful for the collective efforts of all of you as we work together to regrow Cathay," outgoing CEO Augustus Tang said in a message to staff seen by Reuters. At Cathay, pilot attrition has been higher than normal after more than two years of onerous quarantine norms, combined with permanent pay cuts of as much as 58% made in 2020.