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Posted by
Two Blokes May 7 -
Filed in
Stock
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Cathay Pacific Airways Limited's 2024 revenues grew 10.5%, driven by higher capacity but offset by lower yields and increased operating expenses, resulting in stable profits year-on-year. Despite a challenging trade environment and elevated costs, Cathay Pacific's stock shows significant upside potential, with a 45% appreciation forecasted based on a 5x EV/EBITDA multiple. Operational challenges include eroding unit revenues due to increased capacity and ongoing trade uncertainties affecting both passenger and cargo operations.
