All Hong Kong SAR articles – Page 3
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NewsRestructuring ‘deemed necessary’ to help Hong Kong Airlines stay afloat
Embattled Hong Kong Airlines (HKA) has hinted at restructuring into a “leaner and more efficient” carrier, as the coronavirus pandemic worsens its shaky financial situation.
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News
Cathay sees traffic lift in April, though recovery still a long way
Cathay Pacific has warned that it is not seeing any “immediate meaningful improvement” in passenger travel demand, as it discloses another dismal month of traffic figures.
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News
Singapore-Hong Kong travel bubble deferred again
The air travel bubble arrangement between Singapore and Hong Kong — due to commence on 26 May — has been postponed indefinitely for a second time.
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News
Singapore-Hong Kong travel bubble in jeopardy following case spike
Singapore is “very unlikely” to meet the criteria required to commence travel bubble arrangements with Hong Kong, following a surge in locally-transmitted coronavirus cases in the city-state.
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News
Airlines seen as unlikely to benefit if Hong Kong cuts quarantine
Hong Kong’s government is considering shortening the mandatory on-arrival quarantine requirement from 21 days to seven days for those fully vaccinated, although the benefit to the city’s struggling airlines may be limited.
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Singapore-Hong Kong travel bubble set for 26 May relaunch
Singapore and Hong Kong plan to kick off quarantine-free travel arrangements on 26 May, the second attempt since initial plans were scuppered at the eleventh hour.
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News
Uncertainty clouds Singapore-Hong Kong travel ‘bubble’
The outlook for the Singapore-Hong Kong travel bubble arrangement remains in doubt, after Singapore authorities said that no date has been fixed for its relaunch.
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News
Tightened crew quarantine measures punish Cathay’s March traffic
Cathay Pacific reported a third consecutive month of traffic declines as it began to feel the impact of tightened crew quarantine measures imposed by the Hong Kong government.
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News
US DOT slams Hong Kong air crew quarantine rules
The US Department of Transport (DOT) has criticised the Hong Kong government’s quarantine requirements for air crew as “disproportionally” impacting US carriers “to the benefit of Hong Kong carriers”.
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News
Embattled Cathay Pacific sees February traffic weaken further
Cathay Pacific expects to carry few than 600 passengers a day in March, while operating a “skeleton passenger flight schedule”, as new crew quarantine measures introduced by the Hong Kong government kick in.
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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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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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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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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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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.
