Cathay Pacific
Cathay Pacific is a global airline firm that provides scheduled air passenger and cargo services to over 200 destinations. It is also the home airline of Hong Kong and a founding member of one world global alliance.
Analyst sees fuel hedging price to go up amidst oil hike
Fuel hedging refers to buying oil in the future at a fixed earlier price.
Analyst sees fuel hedging price to go up amidst oil hike
Fuel hedging refers to buying oil in the future at a fixed earlier price.
Cathay Pacific’s total passengers skyrocketed by 141.5% YoY in May
However, this is still greatly below pre-pandemic levels.
Cathay Pacific’s $7.8b bridge loan extended for 12 months
It is effective until 8 June 2023.
Swiss WorldCargo hops into Cathay Pacific and Lufthansa Cargo's business pact
The three will work together on handling shipments between HK and Europe.
Cathay Pacific now Asia’s first airline to pivot 10% SAF use by 2030
It sets its sights to buy over 350 million gallons of sustainable aviation fuels.
Lifting of flight ban boosts Cathay Pacific’s passenger total by 82.2%
This is, however, still 98.7% lower than April 2019 figures.
Gov't to end flight ban on 9 countries on 1 April
Hong Kong will also shorten the hotel quarantine period for arrivals.
Cathay Pacific passenger traffic rises 47.9% YoY in February 2022
This was due to post-Chinese New Year traffic and student traffic.
Turbulent start: Cathay's passenger, cargo traffic drop double-digits in January
In February, the airline expects reduced traffic for both its passenger and cargo business.
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.
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.
Cathay’s cargo business ‘exceptionally strong’ in November
The airline operated 71% of its pre-pandemic capacity during the month.
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.
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