All Cathay Pacific articles – Page 4
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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.
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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.
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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.
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Airline BusinessCathay 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.
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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.
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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.
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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.
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NewsCapacity shortfall crimps Cathay’s cargo performance
Cathay Pacific enjoyed sharply higher cargo yields during the first six months of 2021, although crew quarantine restrictions and a lack of bellyhold capacity capped performance.
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NewsCathay narrows half-year losses, as ‘toughest period in our history’ continues
Cathay Pacific Group narrowed its half-yearly losses on the back of significant cost-cutting, but has warned that the pace and timing of a travel recovery “remain uncertain”.
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NewsCathay Pacific gears up for maiden A321neo service
Cathay Pacific expects to take delivery of two more Airbus A321neos by the end of the year, as it gears up for the type’s maiden service in August to Shanghai Pudong.
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NewsCautious Cathay expects 30% normal capacity by year-end
Cathay Pacific expects to operate about 30% pre-pandemic passenger capacity by the fourth quarter of the year, as it notes the “small signs of improvement” in its June traffic results.
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NewsCathay, HK Express pick Airbus for A320 family component MRO support
Cathay Pacific and its low-cost unit HK Express have signed Flight Hour Services component MRO contracts with Airbus.
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NewsCathay Pacific expects half-yearly losses to narrow
Embattled Cathay Pacific struck a cautiously optimistic tone in its outlook for the rest of the year, anticipating a narrowed half-yearly loss and the gradual reinstatement of capacity in the coming months.
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Airline BusinessPunishingly low traffic figures reflect long wait ahead for Asia-Pacific airlines
The latest round of passenger traffic figures exposes the stark difference in fortunes being experienced by carriers in the Asia-Pacific region that rely on international traffic versus those that can fall back on large domestic markets.
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NewsTightened 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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NewsUS 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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NewsEmbattled 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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NewsCathay 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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NewsCathay 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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NewsCovid-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.