This premium legacy carrier retains a premium load factor.
No-moat Cathay Pacific’s 2017 net loss of HKD 1.3 billion was better than expected on a mixture of HKD 830 million in one-off disposal gains and strong cargo performance. Excluding the one-offs, the net losses would have beaten our expectation by roughly HKD 300 million, while the 5% year-on-year top-line growth to HKD 97 billion modestly exceeded our estimates. The core passenger operation remained weak, with yield dropping 3.3% in 2017, and the corporate restructuring has yet to generate notab...Cathay Pacific is an international airline registered and based in Hong Kong, offering scheduled passenger and cargo services to 203 destinations in 50 countries and territories. Co. and its subsidiaries are engaged in other related areas including airline catering, aircraft handling, aircraft engineering and cargo terminal operations. Co.'s airline operations are principally to and from Hong Kong. Co.'s segments include: the airline business, which consist of Co.'s passenger and cargo operations; and the non-airline business, which consist of catering, ground handling, aircraft ramp handling services and cargo terminal operations. As of Dec 31 2014, Co. operated 147 aircraft.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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