All Cathay Pacific articles – Page 2
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Airline BusinessAirline share prices weaker at end-2022 versus end-2021 despite demand recovery
Airline share prices ended 2022 down on the same point 12 months earlier, following a challenging year for wider economies around the world
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PodcastAirline Business Podcast: Standout stories from 2022
Graham and Lewis discuss some of the most interesting developments from the past 12 months
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Airline BusinessHow far through recovery are Asia-Pacific airlines?
A year which began with Asia-Pacifc borders only slowly reopening has ended with moves to reopen even some of the most controlled of markets through the pandemic, though operators both within and outside of Asia-Pacific continue to wait on developments in China before full recovery can be contemplated.
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Airline BusinessAirline Business performance tracker: Asia-Pacific Q3 2022
Key data from the most-recent Asia-Pacific earnings period – the third quarter of 2022 – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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Airline BusinessHas air cargo embraced digitalisation during its moment in the sun?
Having long lagged the passenger industry when it comes to digitalisation, the cargo sector might have seen its best opportunity to change that, thanks to its elevated post-pandemic status
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NewsCathay flags ‘substantial’ 2022 loss despite improving environment
Cathay Pacific Group expects to post a “substantial” full-year loss for 2022, despite being cash positive and seeing good recovery progress through the year-end.
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NewsCathay targets full capacity recovery by end-2024
Cathay Pacific Group expects to reach pre-pandemic capacity by the end of 2024 – the first time the group has revealed a full recovery timeline – as it eyes a “measured and responsible” ramp-up in the coming months.
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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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Airline BusinessCathay’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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Airline Business‘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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Airline BusinessAirline 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.