Cathay Pacific's earnings decline despite revenue growth, with passenger and cargo unit revenues decreasing. The stock is significantly undervalued, with a potential 83% upside based on EBITDA and free cash flow estimates. Investors can buy Cathay Pacific stock through OTC trading, with options for different volumes and liquidity levels.
Cathay Pacific will buy 30 Airbus A330-900 wide-body aircraft for a basic price of about $11 billion, with options to buy another 30, the Hong Kong-based airline said on Wednesday.