Cathay Pacific and Cathay Dragon report

Issued on 15 May 20


Cathay Pacific and Cathay Dragon - In passengers:- * A total of 13,729 person-times in April, a year-on-year decrease of 99.6% * From January to April, the number of passengers decreased by 64.4% year-on-year, and the capacity decreased by 49.9% In cargo: # A total of 84,634 metric tons was loaded in April, a year-on-year decrease of 48.3%; # From January to April, the cargo volume decreased by 26.6% year-on-year, and the capacity decreased by 25.4% # The overall freight volume in April fell by close to 1/3 compared with March






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According to the money market Info. The company hedged at an oil price of US $ 65 a barrel, and below this price, it attracted hedging losses; but at the current oil price of about US $ 30 a barrel, I believe it will take a long time to rise above the hedge price, so there is For a long time, Cathay Pacific still had to hedge. As of April this year, the two airlines of the group (Cathay Pacific and Cathay Dragon) have recorded unaudited losses of HK $ 4.5 billion. The company expects to see no signs of improvement at this stage. It is expected that the average daily passenger capacity in May will be maintained at approximately 500 passengers, and the outlook will remain very bleak in the coming months.


國泰航空與國泰港龍航空載客:- * 4月份合共13,729人次,按年下跌99.6% * 1-4月,載運乘客人次按年下跌64.4%,運力下跌49.9% 載貨: # 4月載貨合共84,634公噸,按年下跌48.3%; # 1-4月, 載貨量按年下跌26.6%,運力下跌25.4% # 4月份的整體貨運量較3月下跌接近三分一 該公司以油價六十五美元一桶做了對沖,低於該價格便招來對沖虧損;可是以目前油價約三十美元一桶的水平,相信要很久才會升穿該對沖價,所以有很長的一段時間國泰仍然要蝕對沖。 今年截至4月為止,集團旗下兩家航空公司(國泰航空及國泰港龍)已錄得未經審核的虧損45億港元. 公司展望,現階段仍未見到任何情況會改善的迹象,預期5月每日平均載客量將會維持在大約500人次, 前景在未來數月仍然非常暗淡。

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