Aviation
Cathay expects consolidated loss of at least $5.6b for 2021
Cathay expects consolidated loss of at least $5.6b for 2021
Passenger travel remained extremely subdued due to travel restrictions.
Cathay’s 2021 passenger traffic falls below 2020 figures
The airline only flew 717,059 passengers in 2021, lower than the 4.6 million in 2020.
HK tightens arrival rules for travellers from Bhutan
The rules will be implemented on 19 January.
Hong Kong bans inbound flights from over 150 countries until 15 February
This will run from 16 January to 15 February.
HK classifies Kyrgyzstan as 'high risk' country
Non-residents coming from the country to be barred entry.
Boarding rules tightened for 7 places
The new restrictions will be placed under the Prevention & Control of Disease Regulation.
Cathay Pacific to further cut passenger flights until end-March
This is due to the Hong Kong government’s tightened restrictions due to the pandemic.
HK bans inbound flights from 8 countries
The flight suspension mechanism will start on 8 January.
Cathay’s cargo business ‘exceptionally strong’ in November
The airline operated 71% of its pre-pandemic capacity during the month.
HK places five more countries on their high-risk list
These five countries have Omricon cases.
Cargo carrying Cathay Pacific back to operating breakeven: Jefferies
The airline’s cargo yield is also expected to be 2% higher h-o-h in 2H21.
Cathay Pacific slashes passenger flights to HK in December
Outbound flights, however, will continue.
Cathay Pacific’s passenger count soars 98.3% YoY in October
This number, however, is a 97.2% decrease vs the October 2019 record.
Cathay Pacific to require 3rd dose for aircrew
The airline's move came after two of its freighter pilots contracted COVID.
Cathay Pacific forms Aviation Climate Task Force
The non-profit organization will develop new technologies to decarbonise aviation.
Cathay Pacific carries most cargo in a single month since COVID onset
The airline’s overall tonnage grew MoM by more than 5% to 130,997 tonnes.
Cathay Pacific hits highest single-day passenger count since March 2020
The airline carried 6,562 passengers on 17 September.
Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong