大行评级｜摩根大通：下调国泰航空评级至“减持” 上半年业绩未达市场预期

格隆汇08-07

摩根大通发表研究报告指，国泰航空上半年业绩未达市场预期，主要原因为上半年乘客收益率按年下降12%，加上营运成本上升及竞争压力，与新加坡航空(SIA)相情况类似，反映亚洲高端全服务航空公司面临的挑战。摩通表示，尽管国泰航空上半年营运现金流强劲，其负债比率几乎未变，派息略有减少，但考虑到其相关发展，下调国泰航空2025至2027财年预测，较市场共识低5%至8%。摩通又将国泰航空评级从“中性”下调至“...

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