All Cathay Pacific articles – Page 2
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NewsCathay chief Augustus Tang steps down
Cathay Pacific chief executive Augustus Tang will be leaving the airline after more than three years at its helm, with current commercial chief Ronald Lam appointed to lead the carrier.
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NewsCathay’s network recovery ‘on course” as traffic improves on easing of curbs
Cathay Pacific is set to ramp up flying through the end of the year – with flights to more points in its network restored – as it confirms that it is “on course” for recovery.
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NewsPilot union warns Cathay ‘unprepared’ for recovery amid ‘unprecedented’ staffing shortage
A Cathay Pacific pilot union has urged the carrier to “return to market driven employment terms” in order to retain and re-enlist pilots who have left, amid allegations that the airline “stands unprepared” to fully recover operations as the city’s travel restrictions begin to ease.
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NewsCathay sees UK, USA providing ‘strong boost’ for traffic
Cathay Pacific expects a “strong boost” from student traffic to the UK and USA to continue through September, and is “cautiously optimistic” of a robust winter cargo season.
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AnalysisCathay’s shift in tone underscores intent to show it’s back in business
Cathay Pacific has arguably been among the hardest hit of airlines by Covid travel limitations over the past two years. However the Hong Kong carrier in its half-year results now appears to be cautiously positive about its future prospects, though travel restrictions remain a challenge.
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NewsCathay ‘very likely’ to be profitable in second-half of 2022: HSBC report
A HSBC Global Research report believes profitability is imminent for Hong Kong-based Cathay Pacific, as the city looks set to continue easing onerous pandemic restrictions.
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NewsCathay Pacific cuts losses despite ‘particularly unfavourable’ start of year
Cathay Pacific Group narrowed its losses for the six months to 30 June on the back of a significant jump in passenger travel revenues, despite what it calls a “particularly unfavourable” operating environment at the start of the year.
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Interview‘Cathay is back’: Airline chief Tang strikes confident tone after tumultuous period
Few airlines have been hit harder by outside factors in the recent past than Cathay Pacific. But chief executive Augustus Tang is confident that good times will return
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NewsCathay targets 25% capacity by year-end as June traffic hits high
Cathay Pacific expects to operate at 25% pre-pandemic capacity by year-end, citing optimism over improving travel sentiment as Hong Kong slowly eases some of its onerous travel restrictions.
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NewsCathay plans hiring spree as airline anticipates network ramp-up
Cathay Pacific is looking to fill 4,000 roles across various sectors in the next two years, as the airline resumes flights to more points across its network with restrictions gradually easing up in its home city of Hong Kong.
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NewsCathay gets second drawdown extension for HK$7.8 billion government loan
The Hong Kong government has again extended the drawdown period for a HK$7.8 billion ($1 billion) loan facility for home carrier Cathay Pacific.
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NewsCathay to reduce cash burn as Hong Kong eases travel curbs
Cathay Pacific expects to cut its monthly cash burn significantly over the next few months, as Hong Kong gradually eases onerous travel restrictions.
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AnalysisAirline sustainability announcements highlight limited scope for action today
The flurry of airline sustainability announcements this week reflects both the industry’s desire for progress on the issue and the limited scope for achieving positive steps in today’s world – beyond well-established levers such as buying current-generation aircraft and optimising flight paths.
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NewsCathay Pacific pilots scheme allowing corporate customers to buy sustainable fuel
Cathay Pacific has launched a pilot scheme that allows corporate customers to purchase sustainable aviation fuel (SAF) for passenger and cargo flights, claiming it is the first airline in Asia to do so.
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News'Modest increase' in capacity likely following easing of restrictions: Cathay
Hong Kong’s recently-announced decision to ease a number of onerous travel restrictions is only likely to lead to a “modest increase” in capacity, says Cathay Pacific, as the airline continues to see report weak traffic.
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AnalysisMore airlines able to look forward with confidence about recovery
A notable theme over the past week has been the shift in global airline narrative towards renewal, as more markets emerge from the worst of the Covid-19 crisis.
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NewsCathay restarts cadet pilot programme, aims to recruit over 800 trainees by 2025
Cathay Pacific is restarting its cadet pilot training programme – two years after suspending it during the onset of the coronavirus pandemic – as the beleaguered carrier stresses its confidence in future recovery.
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NewsDemand recovery still elusive for Cathay, as Hong Kong, China travel curbs tighten
Cathay Pacific does not “foresee significant signs of recovery” in the near term, as Hong Kong and Mainland China tighten travel restrictions amid a record surge in Omicron infections.
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AnalysisSigns of life in Asia-Pacific but still with pain points
The Asia-Pacific region is starting to open up for air travel, but travel restrictions still impact key markets, and Russia’s invasion of Ukraine brings additional challenges
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NewsCathay swings back to cash burn amid tightened restrictions
Beleaguered Cathay Pacific Group has swung back to a cash-burn position as the Hong Kong government’s tightening of coronavirus restrictions significantly crippled airline operations.