Cathay Pacific 2023 Annual Results
Mar 12, 2024, 10:07 pm
#1
Original Poster
Join Date: Aug 2007
Location: Sydney, Australia
Posts: 1,844
Cathay Pacific 2023 Annual Results
Just thought I'd start a thread for any discussion stemming from this arvo's publication of Cathay's 2023 Annual Results (noon HKG) and the subsequent media briefing / presser (4pm HKG).
Mar 12, 2024, 10:33 pm
#2
Original Poster
Join Date: Aug 2007
Location: Sydney, Australia
Posts: 1,844
Results etc now up at https://www1.hkexnews.hk/listedco/li...4031300191.pdf
Mar 12, 2024, 11:24 pm
#4
Join Date: Jan 2011
Posts: 2,345
Interesting points to note from the SCMP article:
- Air China stake diluted: Last year’s results included a one-off gain of HK$1.9 billion as a result of the dilution of its stake in Air China from 18.13 per cent to 16.26 per cent.
- Chairman expects tougher times ahead: “The imbalance between supply and demand resulted in high yields and contributed to a strong financial performance in both halves of the year,” Healy said, adding that the discrepancy would diminish this year as capacity was restored.
Mar 12, 2024, 11:59 pm
#5
Join Date: Jul 2023
Location: New Zealand
Programs: CX Gold
Posts: 114
they are still 1000 pilots short.
their fleet plan also has more retirements than new deliveries for the CX fleet at this stage.
which means no true expansion till 2027.
only UO will be expanding.
Mar 13, 2024, 12:15 am
#6
Join Date: Aug 2015
Location: Hong Kong
Programs: Cathay Lifetime Diamond
Posts: 690
if they really wanted to hire pilots they would have reopened their overseas bases a year ago.
they are still 1000 pilots short.
their fleet plan also has more retirements than new deliveries for the CX fleet at this stage.
which means no true expansion till 2027.
only UO will be expanding.
they are still 1000 pilots short.
their fleet plan also has more retirements than new deliveries for the CX fleet at this stage.
which means no true expansion till 2027.
only UO will be expanding.
Please justify your statement re aircraft retirements and your source (or lack of) for this information
Its more nonsense to post that the airline is 1000 pilots short as you clearly have little idea of how many pilots the airline currently has
Mar 13, 2024, 12:19 am
#8
Join Date: Jul 2023
Location: New Zealand
Programs: CX Gold
Posts: 114
Almost all airlines have found that overseas bases are no linger viable.
Please justify your statement re aircraft retirements and your source (or lack of) for this information
Its more nonsense to post that the airline is 1000 pilots short as you clearly have little idea of how many pilots the airline currently has
Please justify your statement re aircraft retirements and your source (or lack of) for this information
Its more nonsense to post that the airline is 1000 pilots short as you clearly have little idea of how many pilots the airline currently has
Add and subtract.
You cant expand if your fleet size decreases.
You cant expand if you have less pilots ( unless CX moves to single pilot operations which I do know they are working on with Airbus eventually to start on the A350)
its simple math.
Mar 13, 2024, 12:21 am
#9
Join Date: Jul 2023
Location: New Zealand
Programs: CX Gold
Posts: 114
Since they only want them from 2028 , plenty of options though
Mar 13, 2024, 12:32 am
#10
Join Date: Jul 2014
Location: SFO/HKG
Programs: ex-UA 1K, AA EXP, Hilton Diamond
Posts: 535
Mar 13, 2024, 12:49 am
#11
Join Date: Jun 2018
Posts: 415
In the latest schedule, CX expects 2 B777-9 delivery in 2025.
As for the new round order for A320/A321neo, CX will get 15 A320/A321neo, while UO will get 8 A320neo and 9 A321neo but CX also states that the final split and allocation will be subject to the future operational requirements.
As for the new round order for A320/A321neo, CX will get 15 A320/A321neo, while UO will get 8 A320neo and 9 A321neo but CX also states that the final split and allocation will be subject to the future operational requirements.
Mar 13, 2024, 1:32 am
#12
Join Date: Aug 2020
Posts: 139
read their financial report.
Add and subtract.
You cant expand if your fleet size decreases.
You cant expand if you have less pilots ( unless CX moves to single pilot operations which I do know they are working on with Airbus eventually to start on the A350)
its simple math.
Add and subtract.
You cant expand if your fleet size decreases.
You cant expand if you have less pilots ( unless CX moves to single pilot operations which I do know they are working on with Airbus eventually to start on the A350)
its simple math.
If you argue that A320/1neo are much smaller that the outgoing birds, I can count half the number of A320/1 order and remove the 6 A350F, new order vs retiring is still 31 vs 20, not to mention 5 of the "retiring" A321neo is 29 and beyond.
Maybe you can elaborate more on your simple math?
Mar 13, 2024, 1:38 am
#14
Join Date: Dec 2001
Location: China
Posts: 1,552
Interesting points to note from the SCMP article:
- Air China stake diluted: Last year’s results included a one-off gain of HK$1.9 billion as a result of the dilution of its stake in Air China from 18.13 per cent to 16.26 per cent.
- Chairman expects tougher times ahead: “The imbalance between supply and demand resulted in high yields and contributed to a strong financial performance in both halves of the year,” Healy said, adding that the discrepancy would diminish this year as capacity was restored.
So CA own twice as much of CX as CX own of CA
Mar 13, 2024, 1:43 am
#15
Join Date: Dec 2001
Location: China
Posts: 1,552
Expiry of leases = 20, new order = 46
If you argue that A320/1neo are much smaller that the outgoing birds, I can count half the number of A320/1 order and remove the 6 A350F, new order vs retiring is still 31 vs 20, not to mention 5 of the "retiring" A321neo is 29 and beyond.
Maybe you can elaborate more on your simple math?
If you argue that A320/1neo are much smaller that the outgoing birds, I can count half the number of A320/1 order and remove the 6 A350F, new order vs retiring is still 31 vs 20, not to mention 5 of the "retiring" A321neo is 29 and beyond.
Maybe you can elaborate more on your simple math?
the utilisation is still very low (7.7 hours, was 12 in 2019) so they have plenty of capacity to bring back.