Financial Analysis of Cathay Pacific

1757 WordsFeb 3, 20187 Pages
Background of Cathay Pacific Cathay Pacific is a multinational aviation enterprise. Its partner company is Swire Pacific. Cathay Pacific headquarter is located in Hong Kong which contains the major advantage of geography. Cathay Pacific has been managing the numeric fleet. It lead the Company becomes the youngest fleet in the world. In the early years, the airline manly concentrates in Hong Kong, Manila, Singapore, Sydney, Shanghai and Canton. During the extension between 1960 and 1980, the routes expanded to North America. After the procurement of new aircraft, leading the Cathay Pacific becomes a renowned industry. Nowadays, Cathay Pacific services include 181 destinations in 41 countries and mature development in Asia. The total number of Cathay Pacific Airways staff is increased to 21,293 worldwide. In 2012, Cathay Pacific revenue is close to HK$100,000 million and attributable profit is near to HK$1,000 million. The operating revenue of Cathay Pacific arranges the 19th largest airline in the world. The major shareholders are Swire Pacific Limited, CITIC Pacific Limited and Air China Limited. Especially, the maintaining intersect holdings with Air China Limited can simulate their marketing price and spumescence bull market mechanism. Ratio analysis with steps of calculation Current ratio 2012: 36,209/35,895 = 1.008 2011: 31,357/ 37,007 = 0.85 Although current ratio has improved 0.158, is still far away from the health value 1.5. In 2012, the ratio is close
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