Cathay Pacific Airways Limited

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cathay pacific airways limited Company Information

Live

MatureMegaHigh

Company Number

FC010617

Next Accounts

Sep 2025

Industry

Event catering activities

Scheduled passenger air transport

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Directors

Merlin Swire

Feng Xiao

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Shareholders

Group Structure

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Contact

Registered Address

33rd floor one pacific place, 88 queensway, hong kong

Website

https://www.cathaypacific.com

cathay pacific airways limited Estimated Valuation

£19.6b

Pomanda estimates the enterprise value of CATHAY PACIFIC AIRWAYS LIMITED at £19.6b based on an EBITDA of £2.8b and a 7.07x industry multiple (adjusted for size and gross margin).

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Cathay Pacific Airways Limited is a live company located in hong kong. Founded in September 1980, it's largest shareholder is unknown. Cathay Pacific Airways Limited is a mature, mega sized company, Pomanda has estimated its turnover at £9.5b with high growth in recent years.

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Pomanda's financial health check has awarded Cathay Pacific Airways Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

2 Regular

2 Weak

Size

annual sales of £9.5b, make it larger than the average company (£19.2m)

Growth

3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (6%)

EXPORT

Cathay Pacific Airways Limited's latest turnover from December 2023 is £9.5 billion and the company has net assets of £6.1 billion. According to their latest financial statements, Cathay Pacific Airways Limited has 19,690 employees and maintains cash reserves of £795.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	9,524,025,522	5,144,395,053	4,664,586,105	4,585,861,547	9,895,744,681	11,625,058,879	9,509,677,419	8,578,523,862	10,170,330,326	9,376,830,185	8,519,058,600	7,600,342,633	8,423,512,493	7,106,263,742	5,231,225,837
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,214,123,626	4,033,248,256	3,760,897,606	3,547,975,059	7,342,141,272	8,276,229,877	6,747,089,004	6,150,721,410	7,291,800,394	6,866,859,039	6,224,153,955	5,425,983,863	5,910,208,074	4,901,571,729	4,184,980,669
Gross Profit	2,309,901,897	1,111,146,797	903,688,499	1,037,886,487	2,553,603,409	3,348,829,002	2,762,588,415	2,427,802,453	2,878,529,932	2,509,971,147	2,294,904,645	2,174,358,771	2,513,304,419	2,204,692,013	1,046,245,167
Admin Expenses	785,311,898	761,272,292	1,051,340,192	2,810,713,689	2,235,287,035	2,972,527,123	2,904,230,644	2,476,359,612	2,216,288,806	2,117,614,797	1,976,130,907	2,050,995,457	2,042,506,716	1,327,323,563	598,476,979
Operating Profit	1,524,589,999	349,874,505	-147,651,693	-1,772,827,202	318,316,374	376,301,879	-141,642,229	-48,557,159	662,241,126	392,356,350	318,773,738	123,363,314	470,797,703	877,368,450	447,768,188
Interest Payable	399,266,181	309,857,167	276,680,651	297,425,375	303,052,729	241,586,853	170,185,728	117,092,120	137,138,769	129,163,533	116,148,942	124,587,004	147,744,879	131,371,102	112,078,728
Interest Receivable	123,781,587	16,631,890	7,674,204	14,558,600	31,174,838	35,903,072	25,806,451	23,954,864	21,465,198	26,717,388	29,757,867	56,978,095	84,058,789	53,739,115	45,924,942
Pre-Tax Profit	1,094,479,220	-616,387,956	-619,768,751	-2,180,956,568	198,427,382	339,456,744	-56,695,992	20,625,231	741,841,237	358,207,635	303,428,513	113,420,827	554,086,096	1,245,842,561	401,999,453
Tax	-107,653,694	-51,105,265	54,333,367	65,855,684	-41,998,150	-48,777,935	-30,107,527	-45,967,444	-114,977,939	-52,992,436	-57,226,668	-31,280,592	-68,736,465	-116,051,088	-22,103,331
Profit After Tax	986,825,526	-667,493,221	-565,435,383	-2,115,100,884	156,429,232	290,678,809	-86,803,519	-25,342,212	626,863,298	305,215,199	246,201,845	82,140,235	485,349,631	1,129,791,473	379,896,122
Dividends Paid	198,473,898	0	0	0	0	123,514,942	19,257,087	116,444,691	207,198,792	125,270,934	73,334,916	24,091,410	175,136,745	346,645,076	11,168,821
Retained Profit	788,250,829	-667,594,021	-565,537,706	-2,115,198,593	156,429,232	121,944,837	-142,326,491	-169,626,341	389,056,724	153,403,813	148,789,338	41,834,924	295,746,557	768,461,410	355,449,682
Employee Costs	1,490,318,224	1,073,109,760	2,902,865,333	1,542,430,016	1,861,702,128	2,115,559,743	1,951,319,648	1,828,523,862	3,733,206,468	3,297,292,037	3,072,265,974	2,823,013,483	3,381,157,662	3,007,614,951	985,511,774
Number Of Employees	19,690	18,486	80,280	64,913	122,173	134,279	115,472	100,529	115,073	102,612	96,277	88,264	107,744	100,188	0
EBITDA*	2,766,841,049	1,578,517,644	1,160,646,679	28,237,822	1,633,950,045	1,402,313,287	784,359,726	742,230,854	1,542,612,393	1,130,092,449	942,078,133	638,766,520	998,775,925	1,381,500,090	891,709,298

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	10,808,309,897	10,240,204,824	15,710,733,654	15,884,801,407	15,918,686,401	15,648,924,478	14,107,722,385	12,494,913,060	12,819,096,077	11,340,646,702	10,393,041,237	8,347,788,179	8,318,139,407	6,619,912,843	6,236,107,314
Intangible Assets	4,718,719,445	5,598,899,271	1,538,422,184	1,471,591,187	1,401,572,618	1,169,623,698	1,096,871,945	1,011,283,759	1,053,980,999	912,814,615	831,016,007	720,830,274	736,242,007	635,343,986	613,113,602
Investments & Other	1,821,040,853	1,851,280,655	2,510,181,111	2,588,206,556	2,502,775,208	3,306,118,176	3,148,778,103	2,580,651,128	2,777,258,814	2,591,232,803	2,327,133,071	1,894,884,973	2,026,741,309	1,372,054,072	1,120,709,181
Debtors (Due After 1 year)	269,436,632	257,743,909	426,992,735	345,107,235	454,394,079	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	15,257,592,710	15,581,360,186	17,162,590,811	17,295,129,219	17,320,259,019	16,818,548,176	15,204,594,330	13,506,196,818	13,873,077,075	12,253,461,317	11,224,057,243	9,068,618,453	9,054,381,414	7,255,256,828	6,849,220,916
Stock & work in progress	97,472,960	114,608,848	129,847,539	167,961,307	167,622,571	191,343,486	148,093,841	140,029,596	135,747,505	140,575,927	128,102,957	91,317,914	98,867,517	81,045,253	73,964,150
Trade Debtors	435,755,541	404,205,348	401,002,763	330,353,217	514,246,068	686,554,666	599,315,738	517,480,577	532,654,927	488,963,595	459,593,733	428,291,728	505,722,332	468,649,537	372,632,483
Group Debtors	16,531,091	705,595	306,968	0	4,717,853	7,745,852	5,767,350	5,826,859	12,620,741	10,881,585	5,934,617	6,653,817	5,392,773	3,651,402	1,015,347
Misc Debtors	177,910,832	292,721,279	447,559,602	301,724,559	422,479,185	611,503,637	505,474,095	360,617,832	420,161,386	437,121,245	367,607,162	323,895,619	396,668,464	435,231,268	263,756,004
Cash	795,709,980	739,867,146	0	0	821,554,116	1,603,077,406	1,866,471,163	1,876,618,571	2,051,814,604	1,866,501,526	2,351,465,002	1,849,455,457	1,677,495,013	1,920,796,323	1,290,428,398
misc current assets	769,703,751	1,102,442,368	1,973,191,446	1,893,497,484	593,339,500	0	84,555,230	2,867,185	148,765,751	16,720,485	9,410,608	69,673,886	0	0	0
total current assets	2,293,084,157	2,654,651,385	2,956,819,810	2,693,536,567	2,523,959,297	3,100,225,048	3,209,677,419	2,903,440,622	3,301,764,916	2,960,764,365	3,322,114,080	2,769,288,424	2,684,146,101	2,909,373,785	2,001,796,384
total assets	17,550,676,867	18,236,011,571	20,119,410,621	19,988,665,786	19,844,218,316	19,918,773,224	18,414,271,749	16,409,637,440	17,174,841,991	15,214,225,682	14,546,171,323	11,837,906,877	11,738,527,515	10,164,630,613	8,851,017,300
Bank overdraft	0	0	0	0	0	1,988,801	1	1	0	0	0	0	0	317,513	859,140
Bank loan	395,536,605	634,733,436	0	0	0	862,092,426	403,812,316	497,410,284	0	0	0	0	0	0	0
Trade Creditors	745,612,709	542,300,443	442,750,435	320,875,470	781,498,612	711,885,696	499,706,745	468,091,010	530,766,785	501,703,012	644,414,677	562,668,257	655,949,599	493,018,678	377,396,806
Group/Directors Accounts	1	1	1	0	1	1	0	0	1	1	1	0	0	1	0
other short term finances	180,934,813	221,052,949	2,286,912,923	2,497,435,145	1,261,239,592	156,801,172	67,644,183	170,088,790	0	0	0	338,656,387	732,903,623	459,838,544	323,349,084
hp & lease commitments	484,240,023	620,218,331	0	0	658,464,384	414,507,772	397,360,703	374,213,836	0	0	0	285,196,402	0	231,070,257	288,046,237
other current liabilities	2,779,340,164	2,356,587,738	1,684,027,421	1,747,032,095	2,558,926,917	2,913,173,181	2,666,471,162	2,568,257,490	4,415,868,345	3,450,701,108	2,812,669,558	1,558,752,446	1,778,930,517	1,608,601,431	1,338,696,447
total current liabilities	4,585,664,318	4,374,892,901	4,413,690,781	4,565,342,713	5,260,129,510	5,060,449,050	4,034,995,112	4,078,061,413	4,946,635,131	3,952,404,123	3,457,084,238	2,745,273,495	3,167,783,741	2,792,846,427	2,328,347,717
loans	11,955,204,773	12,907,254,527	13,814,386,574	13,460,354,682	14,155,041,627	12,687,182,707	13,640,566,959	10,896,411,393	7,283,857,375	7,339,142,743	7,521,195,062	6,314,932,085	5,953,108,548	5,036,791,844	5,504,041,862
hp & lease commitments	2,438,840,001	2,599,312,548	0	0	3,087,326,549	2,012,979,536	1,997,556,207	2,107,010,728	2,328,278,411	2,445,525,722	2,702,794,357	2,384,667,156	0	1,566,292,794	1,535,127,113
Accruals and Deferred Income	0	0	0	0	0	349,086,722	290,420,332	0	0	0	0	0	77,553,221	7,699,695	0
other liabilities	0	0	401,002,762	411,353,754	444,588,344	0	0	695,246,022	1,573,915,808	923,519,263	106,568,773	245,120,533	146,032,887	0	0
provisions	1,563,599,342	1,636,376,464	2,009,618,336	2,247,105,378	2,509,528,214	2,857,800,804	2,506,353,860	2,105,068,442	1,844,019,556	1,714,690,140	1,643,719,478	1,247,552,618	1,163,640,720	923,169,734	854,610,066
total long term liabilities	6,913,725,846	7,429,213,664	8,313,005,218	8,265,083,785	8,776,873,265	8,165,593,761	8,389,833,821	7,195,985,941	7,451,504,551	6,674,481,355	5,746,829,218	4,799,161,771	3,781,960,743	3,051,302,201	3,212,246,650
total liabilities	11,499,390,164	11,804,106,565	12,726,695,999	12,830,426,498	14,037,002,775	13,226,042,811	12,424,828,933	11,274,047,354	12,398,139,682	10,626,885,478	9,203,913,456	7,544,435,266	6,949,744,484	5,844,148,628	5,540,594,367
net assets	6,050,581,108	6,431,300,211	7,392,203,008	7,157,848,453	5,806,938,020	6,692,416,392	5,972,727,273	5,120,699,223	4,762,789,680	4,575,750,873	5,331,660,337	4,284,523,373	4,777,227,087	4,308,178,347	3,298,941,696
total shareholders funds	6,050,581,108	6,431,300,211	7,392,203,008	7,157,848,454	5,806,938,020	6,692,416,392	5,972,727,273	5,120,699,223	4,762,789,681	4,575,750,874	5,331,660,336	4,284,523,372	4,777,227,087	4,308,178,347	3,298,941,696

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	1,524,589,999	349,874,505	-147,651,693	-1,772,827,202	318,316,374	376,301,879	-141,642,229	-48,557,159	662,241,126	392,356,350	318,773,738	123,363,314	470,797,703	877,368,450	447,768,188
Depreciation	752,366,264	681,504,329	1,250,895,324	1,741,267,282	1,264,754,857	968,126,864	862,561,095	743,155,753	833,465,835	709,160,879	605,500,543	506,072,565	524,468,641	501,353,400	441,441,793
Amortisation	489,884,786	547,138,810	57,403,049	59,797,742	50,878,815	57,884,544	63,440,860	47,632,260	46,905,433	28,575,220	17,803,852	9,330,641	3,509,582	2,778,240	2,499,316
Tax	-107,653,694	-51,105,265	54,333,367	65,855,684	-41,998,150	-48,777,935	-30,107,527	-45,967,444	-114,977,939	-52,992,436	-57,226,668	-31,280,592	-68,736,465	-116,051,088	-22,103,331
Stock	-17,135,888	-15,238,691	-38,113,768	338,736	-23,720,915	43,249,645	8,064,245	4,282,091	-4,828,422	12,472,970	36,785,043	-7,549,603	17,822,264	7,081,103	73,964,150
Debtors	-55,742,035	-320,485,936	298,677,057	-418,652,176	90,033,032	195,246,971	226,631,916	-81,511,787	28,470,629	103,830,914	74,294,348	-148,942,406	251,363	270,128,373	637,403,834
Creditors	203,312,266	99,550,008	121,874,965	-460,623,142	69,612,916	212,178,951	31,615,735	-62,675,775	29,063,772	-142,711,665	81,746,420	-93,281,341	162,930,921	115,621,872	377,396,806
Accruals and Deferred Income	422,752,426	672,560,317	-63,004,674	-811,894,822	-703,332,986	305,368,409	388,634,004	-1,847,610,855	965,167,237	638,031,550	1,253,917,112	-297,731,292	240,182,612	277,604,679	1,338,696,447
Deferred Taxes & Provisions	-72,777,122	-373,241,872	-237,487,042	-262,422,836	-348,272,590	351,446,944	401,285,418	261,048,886	129,329,416	70,970,662	396,166,860	83,911,898	240,470,986	68,559,668	854,610,066
Cash flow from operations	3,285,352,848	2,262,005,459	775,800,007	-1,022,533,854	543,647,119	1,984,033,040	1,341,091,195	-875,744,638	2,527,552,673	1,527,086,676	2,505,602,466	456,877,202	1,555,550,353	1,450,025,745	2,728,941,301
Investing Activities
capital expenditure	-930,176,297	181,408,603	-1,201,061,617	-1,837,198,599	-1,817,344,514	-2,639,965,254	-2,624,399,466	-423,907,755	-2,499,987,027	-1,767,140,173	-2,778,743,185	-529,640,245	-2,327,102,808	-910,167,553	-7,293,162,025
Change in Investments	-30,239,802	-658,900,456	-78,025,445	85,431,348	-803,342,968	157,340,073	568,126,975	-196,607,686	186,026,011	264,099,732	432,248,098	-131,856,336	654,687,237	251,344,891	1,120,709,181
cash flow from investments	-899,936,495	840,309,059	-1,123,036,172	-1,922,629,947	-1,014,001,546	-2,797,305,327	-3,192,526,441	-227,300,069	-2,686,013,038	-2,031,239,905	-3,210,991,283	-397,783,909	-2,981,790,045	-1,161,512,444	-8,413,871,206
Financing Activities
Bank loans	-239,196,831	634,733,436	0	0	-862,092,426	458,280,110	-93,597,968	497,410,284	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	1	0	-1	0	0	0	0	-1	0	0
Other Short Term Loans	-40,118,136	-2,065,859,974	-210,522,222	1,236,195,553	1,104,438,420	89,156,989	-102,444,607	170,088,790	0	0	-338,656,387	-394,247,236	273,065,079	136,489,460	323,349,084
Long term loans	-952,049,754	-907,132,047	354,031,892	-694,686,945	1,467,858,920	-953,384,252	2,744,155,566	3,612,554,018	-55,285,368	-182,052,319	1,206,262,977	361,823,537	916,316,704	-467,250,018	5,504,041,862
Hire Purchase and Lease Commitments	-296,450,855	3,219,530,879	0	-3,745,790,933	1,318,303,625	32,570,398	-86,307,654	152,946,153	-117,247,311	-257,268,635	32,930,799	2,669,863,558	-1,797,363,051	-25,810,299	1,823,173,350
other long term liabilities	0	-401,002,762	-10,350,992	-33,234,590	444,588,344	0	-695,246,022	-878,669,786	650,396,545	816,950,490	-138,551,760	99,087,646	146,032,887	0	0
share issue	-1,168,969,931	-293,308,777	799,892,261	3,466,109,026	-1,041,907,604	597,744,282	994,354,541	527,535,883	-202,017,917	-909,313,276	898,347,626	-534,538,639	173,302,183	240,775,242	2,943,492,014
interest	-275,484,594	-293,225,277	-269,006,447	-282,866,775	-271,877,891	-205,683,781	-144,379,277	-93,137,256	-115,673,571	-102,446,145	-86,391,075	-67,608,909	-63,686,090	-77,631,987	-66,153,786
cash flow from financing	-2,972,270,101	-106,264,522	664,044,492	-54,274,664	2,159,311,388	18,683,747	2,616,534,579	3,988,728,085	160,172,378	-634,129,885	1,573,942,180	2,134,379,957	-352,332,289	-193,427,602	10,527,902,524
cash and cash equivalents
cash	55,842,834	739,867,146	0	-821,554,116	-781,523,290	-263,393,757	-10,147,408	-175,196,033	185,313,078	-484,963,476	502,009,545	171,960,444	-243,301,310	630,367,925	1,290,428,398
overdraft	0	0	0	0	-1,988,801	1,988,800	0	1	0	0	0	0	-317,513	-541,627	859,140
change in cash	55,842,834	739,867,146	0	-821,554,116	-779,534,489	-265,382,557	-10,147,408	-175,196,034	185,313,078	-484,963,476	502,009,545	171,960,444	-242,983,797	630,909,552	1,289,569,258

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CATHAY PACIFIC AIRWAYS LIMITED group structure

Cathay Pacific Airways Limited has no subsidiary companies.

Ultimate parent company

CATHAY PACIFIC AIRWAYS LIMITED

FC010617

CATHAY PACIFIC AIRWAYS LIMITED Shareholders

Cathay Pacific Airways Limited currently has 17 directors. The longest serving directors include Mr Merlin Swire (Jun 2010) and Mr Feng Xiao (Jan 2017).

officer	country	age	start	end	role
Mr Merlin Swire	United Kingdom	51 years	Jun 2010	-	Director
Mr Feng Xiao	China	56 years	Jan 2017	-	Director
Mr Bernard Chan	China	60 years	Dec 2018	-	Director
Mr Siu Lam	China	52 years	Aug 2019	-	Director
Mr Patrick Healy	China	59 years	Nov 2019	-	Director
Ms Rebecca Sharpe	China	53 years	Jan 2021	-	Director
Chongxian Ma	China	59 years	Jun 2021	-	Director
Yuquan Sun	China	51 years	Aug 2021	-	Director
Mr Guy Bradley	China	59 years	Aug 2021	-	Director
Mr Christoph Mueller	China	63 years	May 2022	-	Director

P&L

December 2023

turnover

9.5b

+85%

operating profit

1.5b

+336%

gross margin

24.3%

+12.29%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

6.1b

-0.06%

total assets

17.6b

-0.04%

cash

795.7m

+0.08%

net assets

Total assets minus all liabilities

Similar Companies

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company number

FC010617

Type

Other

industry

56210 - Event catering activities

51101 - Scheduled passenger air transport

82990 - Other business support service activities n.e.c.

incorporation date

September 1980

ultimate parent company

None

previous names

N/A

address

33rd floor one pacific place, 88 queensway, hong kong

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 126 charges/mortgages relating to cathay pacific airways limited. Currently there are 83 open charges and 43 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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cathay pacific airways limited Company Information

cathay pacific airways limited Estimated Valuation

cathay pacific airways limited Estimated Valuation

cathay pacific airways limited Estimated Valuation

Cathay Pacific Airways Limited Overview

Cathay Pacific Airways Limited Health Check

CATHAY PACIFIC AIRWAYS LIMITED financials

cathay pacific airways limited Credit Report and Business Information

Cathay Pacific Airways Limited Competitor Analysis

cathay pacific airways limited Ownership

cathay pacific airways limited directors

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cathay pacific airways limited Charges & Mortgages

cathay pacific airways limited Capital Raised & Share Issues BETA

cathay pacific airways limited Companies House Filings - See Documents