All Cathay Pacific articles – Page 3
-
NewsCathay chairman stresses that carrier will survive
Cathay Pacific chairman Patrick Healy has expressed his “utmost confidence” that the embattled airline — and its home city of Hong Kong — are able to survive the pandemic crisis.
-
NewsCargo helps Cathay Pacific narrow 2021 losses
Embattled Cathay Pacific Group significantly narrowed its losses in 2021, with its cargo business doing “exceptionally well” in the second half.
-
NewsCathay traffic hits new low in new year, as Hong Kong tightens grip on pandemic
Cathay Pacific saw its passenger traffic plunge to a new low in a “difficult” January, as Hong Kong tightened restrictions to stamp out an insurgent wave of Omicron infections.
-
NewsCathay Pacific expected to return to profitability in 2022: HSBC report
Cathay Pacific is expected to return to profitability in 2022 as a result of traffic rebound and pent-up travel demand, according to a HSBC research report, which states “the only way is up” for the embattled Hong Kong carrier.
-
In depthNew year, new woes: Cathay falls further, with no end in sight
Recent developments at Cathay Pacific underscore how far the iconic Hong Kong carrier — once the regional powerhouse and the envy of many other airlines — has fallen from grace.
-
NewsCathay expects 2021 losses to narrow, but warns cash burn rising
Cathay Pacific expects to cut its full-year net loss for 2021 — on the back of strong cargo performance as well as strict cost management measures — but flags a rise in cash burn following recently-tightened crew quarantine measures.
-
AnalysisAsia-Pacific set to enter third year of international travel woes as Omicron hits
This week provided has provided a reminder of how fragile the Covid-19 recovery is the Asia-Pacific region, where an already tentative return of international travel is being hit by the spread of Omicron variant of Covid-19.
-
NewsHong Kong warns legal action against Cathay as city tightens restrictions
The Hong Kong government has warned that it could take legal action against home carrier Cathay Pacific for “non-compliance” of the city’s strict quarantine measures.
-
AnalysisCathay woes and Allegiant order reflect dichotomy in airline prospects
The year has kicked off with a stark reminder of the dichotomy in airline fortunes around the world as the Covid-19 pandemic continues.
-
NewsCathay Pacific makes further cuts to passenger and cargo schedules through March
Cathay Pacific has made further “substantial reductions” to passenger and cargo schedules through March, citing tightened quarantine requirements, as well as travel bans imposed by the Hong Kong government.
-
NewsOmicron restrictions add to Cathay’s new year woes
Cathay Pacific will operate a “skeleton” passenger flight schedule in January and cut back on capacity further in the first quarter of the year, amid a tightening of quarantine restrictions meant to tackle a growing wave of infections caused by the Omicron variant of the coronavirus.
-
AnalysisWhich airlines welcomed new aircraft types into their fleets during 2021?
Established airlines around the world debuted aircraft types and variants in their fleets during 2021, despite the devastating impact of the Covid-19 pandemic. We look back at some of the highlights, from nimble narrowbodies through to heavyweight widebodies.
-
In depthHow far through the crisis are Asia-Pacific’s biggest airlines?
Airlines in Asia-Pacific paradoxically, are both among the hardest hit yet also the most profitable since the crisis hit. No region’s international passenger business has been harder by the pandemic than Asia-Pacific’s airlines, as international borders have remained all but shut and only started reopening in the last quarter of ...
-
NewsCathay Pacific's passenger traffic slips again in ‘extremely challenging’ November
Cathay Pacific reported a second consecutive month of traffic decline in November, as the embattled carrier continues to face “significant challenges” in its business.
-
NewsOmicron impact ‘too early to say’: Cathay Pacific
It is still “too early to say” if the Omicron variant of the coronavirus will have a significant impact on travel demand, says Cathay Pacific, as it acknowledges that it is “lagging behind” its regional rivals as a result of the city’s strict zero-infection strategy.
-
NewsCathay says cash breakeven imminent, flags ‘substantial’ full-year loss
Cathay Pacific warns that its full-year loss will be “substantial”, despite “a considerable improvement” in its second-half earnings for 2021.
-
AnalysisCathay recovery still uncertain, amid prolonged border closures, fresh competition
More than a year after a massive restructuring, Hong Kong’s embattled Cathay Pacific looks to enter 2022 with its recovery in jeopardy, as the city’s international borders remain tightly shut, and new competition takes shape in its home turf.
-
NewsHong Kong quarantines continue to pummel Cathay passenger traffic
Cathay Pacific has cited Hong Kong’s “strict quarantine requirements” as a key reason for low passenger travel demand into the territory.
-
NewsCathay cuts year-end capacity forecast; August traffic hits 2021 high
Cathay Pacific has reduced its capacity forecast for the year-end — amid ongoing travel restrictions — as the embattled carrier’s passenger numbers in August hit a new high for the year.
-
NewsCathay expects demand boost following traffic improvement in July
Cathay Pacific has reported “improvements” in passenger travel demand in July — despite seeing a slight dip in capacity for the month — as it anticipates a further boost to demand in August and September.