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Jiangxi Guotai Group expects optimal performance in the second half of the year, with flight operations reaching 100% of pre-pandemic levels starting next year.
Jiangxi Guotai Group expects that the performance in the second half of the year will be ideal, mainly benefiting from the increase in cargo demand and the decrease in RBOB Gasoline prices; performance from affiliated companies is expected to improve in the second half of the year compared to the first half. In addition, Jiangxi Guotai Group's performance in the second half of the year also includes an estimated gain of about 0.5 billion yuan due to China Airlines (00753.HK) issuing A shares. The group announced that it has successfully completed a two-year restructuring process. Starting from January 2025, CATHAY PAC AIR and Hong Kong Express will reach 100% of the flight volume before the pandemic.
CATHAY PAC AIR (00293.HK) carried over 2 million passengers in November, an increase of 23.1% year-on-year.
CATHAY PAC AIR (00293.HK) announced the passenger and cargo traffic data for November, both operational businesses continued to show growth momentum. In the month, 2.0105 million passengers were carried, an increase of 23.1% year-on-year; revenue passenger kilometers increased by 25.8%; passenger load factor rose by 3 percentage points to 83.5%, and available seat kilometers increased by 21.3%. In the first eleven months, the number of passengers carried increased by 27% year-on-year to 20.5783 million; available seat kilometers rose by 31.5%, and revenue passenger kilometers increased by 26.7%. In the month, 0.1426 million tons of cargo were transported, an increase of 15%. In the first ten
CATHAY PAC AIR's passenger carried in November increased by about 20% year-on-year. IH RETAIL's mid-term profit declined by 35%|Selected announcements on the Hong Kong Stock Exchange on December 20.
① CATHAY PAC AIR's passenger volume in November increased by about 20% year-on-year, what is the impact on performance? ② IH RETAIL's mid-term profit dropped by 35%, how large is the scale?
Cathay Pacific Sees Strong 2H Results, Driven by Elevated Cargo Demand, Lower Fuel Prices
CATHAY PAC AIR (00293.HK): Both passenger and cargo operations maintained growth in November.
On December 20, Gelonghui reported that CATHAY PAC AIR (00293.HK) announced today the passenger and cargo volume data for November 2024, with both operating businesses maintaining growth momentum during the month. CATHAY PAC AIR carried 2,015,506 passengers in November 2024, an increase of 23.1% compared to the same month in 2023. The revenue passenger kilometers increased by 25.8% year-on-year. The passenger load factor rose by 3 percentage points to 83.5%, while available seat kilometers increased by 21.3% year-on-year. In the first eleven months of 2024, the number of passengers carried increased by 27% compared to the same period last year, reaching 2,005.
Cathay (00293.HK) has repurchased 67.89% of the Convertible Bonds maturing in 2026.
CATHAY PAC AIR (00293.HK) announced the proposed repurchase of the guaranteed convertible Bonds maturing in 2026 worth 6.74 billion yuan at a rate of 2.75%. Based on the reference share price of 9.3663 yuan, the repurchase price has been set at 120.472% of the current principal amount of the Bonds. As the weighted average price per share traded on the Hong Kong Stock Exchange exceeded 9.65 yuan over eight designated trading days, the total principal amount of the accepted Bonds has been reduced, resulting in an accepted principal total of 4.462 billion yuan. The accepted Bonds held by each relevant bondholder has been proportionally reduced according to this. Bondholders will hence be reallocated.