All Hong Kong SAR articles – Page 3
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News
Cathay sees no further fleet cuts following record loss
Cathay Pacific Group does not expect to park more aircraft in long-term storage overseas beyond those already in Australia and Spain, as it looks at cargo opportunities for more aircraft types to bolster revenue.
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News
Cathay retires 34 aircraft early, parks nearly half its fleet overseas
Troubled Cathay Pacific Group took a one-time HK$2.8 billion ($361 million) impairment charge relating to the early retirement of 34 aircraft, as it discloses that nearly half of its fleet are in long-term storage overseas.
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News
Covid-19 pushes Cathay to record operating loss
Cathay Pacific Group saw its full-year passenger revenue collapse to just 2-3% of pre-pandemic levels, as it warned that its immediate outlook continues to be challenging.
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News
Cathay’s January passenger load factor sinks to dismal 13.3%
Cathay Pacific reported its lowest ever passenger load factor in January, with passenger numbers for the month plunging to six-month lows, as it confronts an “extremely challenging” start to 2021.
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Analysis
Does demise of Dragon and Silk signal the end for regional sub-brands in Asia?
Singapore Airlines and Cathay Pacific have both shut or merged their regional units, in a move to simplify their group structure. With Cathay Dragon and SilkAir gone, what fate awaits the regional airline unit model in Asia-Pacific?
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News
Quarantine moves prompt Cathay to flag higher cash burn and capacity cuts
Cathay Pacific Group expects monthly cash burn to increase by around HK$300-400 million ($38.7-51.6 million), following the Hong Kong government’s decision to impose mandatory quarantine measures on all flight crew entering the city for more than two hours.
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News
Hong Kong’s Greater Bay Airlines seeks rights to fly to over 100 cities
Hong Kong’s newest carrier Greater Bay Airlines has formally applied for air transportation rights to operate to more than 100 points in the Asia-Pacific region.
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In depth
Hong Kong seaplane start-up buoyant about success despite headwinds
A seaplane start-up in Hong Kong is hoping to get airborne as early as the middle of 2021 — with a long-term goal of establishing similar operations in several Southeast Asian countries.
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News
Hong Kong bans flights from UK amid fears of new virus strain
Hong Kong will ban all commercial passenger flights to and from the UK, in an attempt to stop the spread of a newly-discovered variant of the coronavirus that is far more infectious.
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News
Cathay expects ‘significantly higher’ second-half loss
Cathay Pacific Group anticipates a “significantly higher” loss for the six months ending 31 December, as passenger travel demand continues to remain in the doldrums.
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News
Singapore-Hong Kong travel bubble further delayed to 2021
The Singapore-Hong Kong air travel bubble has been postponed — for a second time — to 2021, following a spike in coronavirus cases in Hong Kong in recent weeks.
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Opinion
The real trouble with travel bubbles
A two-week delay in the Hong Kong-Singapore air travel bubble starkly illustrates how fragile an Asia-Pacific air travel recovery will be absent a universal coronavirus vaccine.
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News
Singapore-Hong Kong travel bubble postponed, after surge in coronavirus cases
Singapore and Hong Kong have pushed back the start of air travel bubble arrangements, a day before it was due to commence, and following a spike in coronavirus cases in Hong Kong.
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News
Cathay’s ‘very difficult’ October sees first traffic decline in months
Cathay Pacific cut capacity in October — the first time in nearly half a year — as it saw passenger load factor for the month plummet to its lowest since the start of the coronavirus outbreak.
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News
Singapore, Hong Kong travel bubble begins 22 November
The air travel bubble between Singapore and Hong Kong — the first such arrangement for both cities — will commence on 22 November, allowing for all forms of travel without having to undergo a 14-day quarantine. Outlining further details on the travel arrangements, the Civil Aviation Authority of Singapore ...
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News
Hong Kong eyes November launch for travel bubble with Singapore
Hong Kong expects its proposed air travel bubble with Singapore will start in November, allowing passengers to travel between the two destinations without a 14-day quarantine. “The aim is that within the next month, we can introduce the air travel bubble with Singapore,” says Hong Kong’s chief executive Carrie ...
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In depth
How protests and pandemic pushed Cathay to the brink
As Covid-19 tore into the aviation industry, some airlines were able to fall back on the profits of previous years, but the impact of anti-government protests removed any possible cushion for Hong Kong’s flag carrier.
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News
Cathay confirms 777-9 deliveries delayed to ‘beyond 2025’
Cathay Pacific has given an indication of the timeline surrounding deferrals of its Boeing 777-9 aircraft, confirming that the widebodies will only be delivered “beyond 2025”.
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News
Cathay shutters Cathay Dragon brand, axes 5,900 jobs
Cathay Pacific Group will cut 5,900 jobs, in a HK$2.2 billion ($284 million) restructuring exercise that will also see the Cathay Dragon brand cease operations effective immediately. As part of restructuring efforts, the group will eliminate 8,500 positions, or about 24% of its existing headcount. Of these, 2,600 ...
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News
Hong Kong aviation sector to receive further state funding
Hong Kong’s aviation sector will receive an extra HK$2 billion ($254 million) under a follow-on government relief package which includes the advance purchase of half a million airline tickets to be given away when the coronavirus pandemic subsides. Airport Authority Hong Kong says it has put together the ...