Cathay Pacific

Paper Summary:

This paper presents an analytical review of Cathay Pacific Airways Group financial results for the year ended 31st December 2002 and its financial position as on that date. Among the financial topics addressed are Cathay Pacific's financial performance, its accounting policies and its financial reporting procedure and compliance with standards. The paper also discusses some of the key risks that the airline industry in general and Cathay in particular face in the next few years.

Table of Contents
Aim and Objective
Review Highlights
Company Profile
Financial Overview
Key Financial Indicators
Critical Review of Key Accounting Policies
Review of Financial Reporting Standards
Operating Performance Review
Corporate Governance
Inter-Airline and Industry Comparison
Market Perception and Future Outlook
Conclusion

From the Paper:

"Aviation industry is currently facing a global downturn impacted by Gulf War, SARS and terrorist activities, and a full recovery is not expected before 2005. In view of these uncertainties, the future expansion of Cathay will have to be carefully managed with a focus on financial strategy, cost effectiveness and service innovation. Some of the key risks that the airline industry in general and Cathay in particular face in the next few years have been outlined under conclusion."

More papers on Cathay Pacific:

• Research Paper # 132443 : "Cathay Pacific - Growth of a Regional Airline"
• Comparison Essay # 121036 : "International Airline Comparisons"
• Comparison Essay # 120613 : "Airlines' Financial Statements"

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