Citigroup: gives Cathay Pacific Airways (00293) a "buy" rating with a target price of 10.2 Hong Kong dollars.

Citigroup has released a research report stating that it expects Cathay Pacific Airways (00293) to perform strongly in passenger services. Due to factors such as delays in aircraft deliveries, the prices of medium to long-haul routes, especially The Pacific route, are expected to remain resilient in 2025. It believes that there is upside risk to the profitability of the cargo sector and expects the profitability in 2025 to normalize from 143% in 2024 to 131%. It gives a target price of 10.2 Hong Kong dollars and a "buy" rating.