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Cathay Pacific Airways (HKSE:00293) EBIT : HK$14,827 Mil (TTM As of Dec. 2024)


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What is Cathay Pacific Airways EBIT?

Cathay Pacific Airways's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2024 was HK$8,920 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was HK$14,827 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cathay Pacific Airways's annualized ROC % for the quarter that ended in Dec. 2024 was 7.28%. Cathay Pacific Airways's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 15.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cathay Pacific Airways's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 11.72%.


Cathay Pacific Airways EBIT Historical Data

The historical data trend for Cathay Pacific Airways's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cathay Pacific Airways EBIT Chart

Cathay Pacific Airways Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -19,622.00 -3,571.00 -3,086.00 12,999.00 15,100.00

Cathay Pacific Airways Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,008.00 6,636.00 6,363.00 5,907.00 8,920.00

Competitive Comparison of Cathay Pacific Airways's EBIT

For the Airlines subindustry, Cathay Pacific Airways's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cathay Pacific Airways's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Cathay Pacific Airways's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cathay Pacific Airways's EV-to-EBIT falls into.


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Cathay Pacific Airways EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$14,827 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cathay Pacific Airways  (HKSE:00293) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Cathay Pacific Airways's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=14540 * ( 1 - 9.87% )/( (177998 + 182266)/ 2 )
=13104.902/180132
=7.28 %

where

Note: The Operating Income data used here is two times the semi-annual (Dec. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Cathay Pacific Airways's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=17840/( ( (113377 + max(-29113, 0)) + (116457 + max(-31991, 0)) )/ 2 )
=17840/( ( 113377 + 116457 )/ 2 )
=17840/114917
=15.52 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4741 + 1072 + 998) - (17866 + 0 + 18058)
=-29113

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4731 + 1386 + 505) - (19971 + 0 + 18642)
=-31991

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Cathay Pacific Airways's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=14827/126463.314
=11.72 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cathay Pacific Airways EBIT Related Terms

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Cathay Pacific Airways Business Description

Address
88 Queensway, 33rd Floor, One Pacific Place, Hong Kong, HKG
Cathay Pacific is the largest airline group in Hong Kong. It operated a fleet of 236 aircraft as of December 2025 and will fly to over 100 destinations in 2025. Cathay carried more than 35 million passengers in prepandemic 2019. The group operates the full-service airline Cathay Pacific and the low-cost carrier HK Express. It also runs the cargo carrier Air Hong Kong.
Executives
Hsbc Holdings Plc 2201 Interest of corporation controlled by you
John Swire & Sons Limited 2201 Interest of corporation controlled by you
Swire Pacific Limited 2101 Beneficial owner
Air China Limited
China National Aviation Holding Corporation Limited
The Financial Secretary Incorporated 2201 Interest of corporation controlled by you
Qatar Airways Group Q.c.s.c. 2101 Beneficial owner

Cathay Pacific Airways Headlines

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