Cathay Pacific Airways

Cathay Pacific Airways shares were unchanged at $6.35 yesterday, ahead of the company's annual results today.

Analysts expect the airline to unveil sharply reduced profits for last year, with revenue eaten away by the impact of the regional economic crisis and the fall-off in popularity of Hong Kong as a tourist destination.

The consensus profit forecast is $2.09 billion, 45 per cent down on the previous year.

Cathay Pacific's share price has declined 47.3 per cent in the past 12 months, compared with the market's drop of 17.8 per cent.