All Hong Kong SAR articles – Page 2
-
NewsCargo helps Cathay Pacific narrow 2021 losses
Embattled Cathay Pacific Group significantly narrowed its losses in 2021, with its cargo business doing “exceptionally well” in the second half.
-
NewsGreater Bay Airlines cleared for launch after gaining operating licence
Hong Kong has granted Greater Bay Airlines an operating licence, a move that effectively means the start-up carrier can begin scheduled flights immediately.
-
NewsCathay traffic hits new low in new year, as Hong Kong tightens grip on pandemic
Cathay Pacific saw its passenger traffic plunge to a new low in a “difficult” January, as Hong Kong tightened restrictions to stamp out an insurgent wave of Omicron infections.
-
NewsHong Kong airport 2021 passenger traffic just 2% pre-pandemic levels
Hong Kong International Airport saw its full-year passenger traffic hit a new low — as the city continues to tighten travel restrictions — with passenger numbers plunging to 2% pre-pandemic levels.
-
Airline BusinessNew year, new woes: Cathay falls further, with no end in sight
Recent developments at Cathay Pacific underscore how far the iconic Hong Kong carrier — once the regional powerhouse and the envy of many other airlines — has fallen from grace.
-
NewsCathay expects 2021 losses to narrow, but warns cash burn rising
Cathay Pacific expects to cut its full-year net loss for 2021 — on the back of strong cargo performance as well as strict cost management measures — but flags a rise in cash burn following recently-tightened crew quarantine measures.
-
NewsOmicron restrictions add to Cathay’s new year woes
Cathay Pacific will operate a “skeleton” passenger flight schedule in January and cut back on capacity further in the first quarter of the year, amid a tightening of quarantine restrictions meant to tackle a growing wave of infections caused by the Omicron variant of the coronavirus.
-
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.
-
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.
-
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.
-
NewsHong Kong’s Greater Bay Airlines secures AOC
Hong Kong-based airline start-up Greater Bay Airlines has secured its AOC, clearing a significant milestone in launching operations.
-
NewsCathay Pacific sets SAF usage target by 2030
Cathay Pacific aims to use sustainable aviation fuel (SAF) for 10% of its total fuel consumption by 2030, as part of what it calls a “multi-pronged approach” towards decarbonising operations.
-
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.
-
NewsHong Kong’s Greater Bay Airlines takes first aircraft
Hong Kong start-up Greater Bay Airlines has received its first Boeing 737-800, as it works towards an imminent launch.
-
NewsHong Kong airport third runway on track for 2022 opening
Hong Kong International Airport (HKIA) expects its third runway to be ready for use in 2022, about six years after construction began, with the project completed on schedule.
-
NewsHong Kong probes engine fire incident on UPS 747 freighter
Hong Kong’s Air Accident Investigation Authority (AAIA) is investigating an engine fire on freighter operated by express air shipment company UPS.
-
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.
-
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”.
-
NewsSingapore and Hong Kong to review travel bubble in late-August
Singapore and Hong Kong will revisit discussions on the twice-delayed air travel bubble arrangement “when the Covid-19 situation allows”, which is likely to be in late August.
-
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.