All Cathay Pacific articles – Page 6
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NewsCoronavirus costs Cathay HK$2 billion in February
Cathay Pacific made an unaudited loss of more than HK$2 billion ($257 million) in February, as it takes a hit from the coronavirus outbreak. Meanwhile, Singapore Airlines saw falling passenger numbers for the month, and warns of weakened travel demand in the near term.
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NewsCathay Pacific in talks to defer aircraft deliveries
Cathay Pacific is in talks with Boeing and Airbus over possible deferral of aircraft deliveries this year, as the coronavirus outbreak leaves an impact on its fiscal performance. At a briefing after Cathay released its annual results for 2019, chief operations and services delivery officer Greg Hughes confirmed that discussions ...
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NewsCathay flags ‘substantial loss’ for first half of 2020
The ongoing coronavirus outbreak is taking its toll on the Cathay Pacific group’s financial performance, with the group warning that it expects to incur a “substantial loss” for the first-half of this year. Cathay adds in its full-year financial results that the outbreak, which first originated in China late 2019, ...
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News‘Turbulent’ 2019 squeezes Cathay profit
The Cathay Pacific Group saw operating profit for 2019 shrink, following a worse-than-expected second-half result that was affected by political turmoil in Hong Kong. For the year ended 31 December 2019, the group reported an operating profit of HK$3.4 billion ($437 million), a 4.3% decrease compared to 2018. ...
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NewsCathay mulls cargo-only service on passenger jets to Japan
Following cuts made to its Japan passenger network, Cathay Pacific is considering operating cargo-only services on its passenger aircraft. In a notice sent out to its clients, Cathay’s cargo arm says it only expects passenger belly cargo operations to be impacted by recently-announced cuts. However, it is looking at ways ...
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NewsCathay flags ‘significantly’ lower first half results from coronavirus hit
Embattled Hong Kong-carrier Cathay Pacific has warned that its first half results for 2020 will be “significantly down” compared to the same period last year, as the outbreak of the coronavirus compounds an already challenging market.
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NewsCathay details flight suspensions caused by coronavirus
London Gatwick, Rome and Washington Dulles are among a raft of international routes that are being suspended until the end of March by Cathay Pacific as it seeks to conserve cash during the ongoing coronavirus outbreak.
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NewsCathay Pacific asks staff to take unpaid leave amid coronavirus fallout
Cathay Pacific is encouraging its employees to take three weeks of unpaid leave, in a bid to save money, after being forced to slash capacity by 30% as a result of falling demand related to China’s coronavirus outbreak.
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NewsCoronavirus outbreak forces Cathay to slash capacity by 30%
Cathay Pacific and Cathay Dragon will cut 90% of its mainland China flights over the next two months, citing a “consequential significant drop” in market demand owing to the coronavirus outbreak. The two carriers add that there will be “significant reductions” across the rest of their respective networks for the ...
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NewsHong Kong carriers to halve capacity into China
Hong Kong’s four main carriers will halve their services into Mainland China, as part of special arrangements made in light of a novel coronavirus outbreak in China. The Hong Kong government said in a 28 January press briefing that the carriers — Cathay Pacific, Cathay Dragon, Hong Kong Express, ...
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NewsLong-haul routes a bright spot in Cathay December traffic
Cathay Pacific ended a “challenging” 2019 on a mixed note, with fewer passengers carried, but slight improvement in load factor, especially on long-haul routes. For the month of December Cathay, together with subsidiary Cathay Dragon, carried 2,994,830 passengers, representing a 3.6% decrease compared to the same month a year ...
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News'Incredibly challenging' year slams Cathay traffic
Cathay Pacific and sister carrier Cathay Dragon continued to witness sliding passenger traffic figures, with inbound traffic for November falling a whopping 46% year-on-year. This was a further slowdown compared to figures for October, which saw a 35% drop year-on-year. The carrier continues to see decreases in passenger numbers in ...
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NewsAir New Zealand taps alliance partner Cathay for extra capacity
Cathay Pacific will operate Air New Zealand’s Hong Kong-Auckland services through to the end of March as the latter continues to deal with capacity issues due to ongoing Boeing 787-9 engine issues. In addition to its own services to New Zealand, the Hong Kong-based carrier will operate daily a 280-seat ...
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NewsEmbattled Cathay to cut capacity in 2020
Cathay Pacific will cut seat capacity by 1.4% year-on-year in 2020 as Hong Kong’s political troubles and trade tensions hurt the airline in key markets.
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NewsCathay Pacific defers Airbus deliveries amid capacity cuts
Cathay Pacific is delaying the delivery of four Airbus A320neo family aircraft originally set to join its subsidiaries HK Express and Cathay Dragon next year as it struggles with weakening demand amid continued unrest in the territory.
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Cathay trims year-end capacity over Hong Kong pressure
Cathay Pacific's traffic figures for October continued their downward trend for the fourth straight month, as the carrier flagged "significant pressure" on its overall passenger yield.
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HK Express to take half of Cathay Dragon’s A321neo orders
Hong Kong low-cost carrier HK Express will take 16 of 32 Airbus A321neos scheduled for delivery to sister carrier Cathay Dragon.
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IATA urges financial relief for Hong Kong’s aviation sector
Hong Kong’s widespread anti-government protests are taking a “significant” and “unprecedented” toll on the city’s aviation sector that has led IATA to urge its authorities to provide financial relief for the sector.
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NewsCathay anticipates worse second-half financial results
Hong Kong’s continued unrest has continued to hit Cathay Pacific hard in September as the carrier warned that it would likely report weaker financial results for the second half of the year.
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Outgoing Cathay chairman Slosar resigns from Air China board
Cathay Pacific’s outgoing chairman John Slosar has resigned from Air China’s board.