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大行評級丨大摩:予國泰航空“與大市同步”評級 公司預計2024年下半年業績強勢
格隆匯 12-24 12:17

摩根士丹利發報吿指,國泰航空旅客出行需求強勢,尤其是長途航線,電商帶動貨運需求強勢。展望未來,國泰預計2024年下半年業績強勢,主要受惠於貨運的強勢需求、燃料價格降低,這部分被運力恢復期的旅客收益率的正常化所抵消。大摩對國泰的目標價為8.1港元,評級“與大市同步”。

大摩指,國泰11月份的收入乘客千米數(RPK)同比增25.8%,達到2018年的78%;可用座位千米數(ASK)同比增21.3%,達到2018年的78%;乘客運載率(PLF)為83.5%,同比升3個百分點。隨着電商的強勢發展,貨運噸數同比升15%,貨運收入噸千米數(RFTK)同比升11.9%,達到2019年水平的79%,相比2024年10月有所改善;運載率(CLF)為62.3%,同比升1.2個百分點,但是相比於2019年下降6.3個百分點。

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