Cathay passes yet another milestone on the journey to rebuild
The Cathay Group has reached another key milestone in its rebuild journey and bought back 50% – HK$9.75 billion – of the HK$19.5 billion preference shares that were issued to the Hong Kong Special Administrative Region (HKSAR) Government as part of the Cathay Group’s recapitalisation financing in 2020. The Cathay Group also intends to buy […]
Cathay Group continues investment in Hong Kong international aviation hub
The Cathay Group announces today its intention to purchase up to 32 Airbus A321neo and A320neo aircraft as it continues to invest in expanding and modernising its fleet, and growing flight connectivity at the Hong Konginternational aviation hub. This will bring the Group’s new aircraft deliveries to up to more than 70. These aircraft are […]
Cathay Pacific releases Annual Sustainable Development report
The Cathay Pacific Group has released its 2020 Sustainable Development Report that summarises the initiatives that were brought about by the pandemic. The report also points at the progress made in reducing carbon footprint, along with measures taken to tackle operational sustainability matters. Below are the key focus areas and progress made so far: Safety: […]
Rupert Hogg and Paul Loo to leave Cathay Pacific
Rupert Hogg and Paul Loo will leave Cathay Pacific on Monday 19 August following the board of director’s decision that the airline needed new leadership. Augustus Tang will take over from Hogg as chief executive officer and Ronald Lam will fill Loo’s role of chief customer and commercial officer. Lam will also continue as chief […]
Cathay Pacific profitable again but cargo struggles
Cathay Pacific Group has returned to profitability in the first half of 2019, but cargo proved weaker due to US-China trade tension. Profits for the first six months of 2019 were HK$1.3 billion ($170 million) compared to a HK$263 million loss in the same period of 2018. Much of the success came from lower fuel […]
Transhipments drive growth in July at Cathay Pacific
Cargo and mail volumes for Cathay Pacific Group have continued to grow in July, mainly driven by increased transhipment volumes. In July, Cathay Pacific and Cathay Dragon carried 184,935 tonnes of cargo and mail, an increase of 2.9 per cent compared to the previous year. Capacity measured in available freight tonne kilometres (AFTK) was down […]
IATA recognises Hong Kong as CEIV Pharma partner airport
Hong Kong International Airport (HKIA) has been recognised as a partner airport of the IATA Center of Excellence for Independent Validators in Pharmaceutical Logistics (CEIV Pharma) programme. The globally recognised standard for pharmaceutical airfreight shipments is designed to help the industry develop a network of pharmaceutical trade lanes that meet consistent cold chain management standards […]
Cathay Pacific cargo volumes grow 11% in 2017
Cathay Pacific Group has ended 2017 with cargo and mail tonnage growing at double digit rates, finishing with a strong month in December. The group covering Cathay Pacific and Cathay Dragon handled 2.05 million tonnes of cargo and mail in 2017, 10.9 per cent higher than in 2016, and volumes grew by 10.2 per cent […]
Cathay Pacific takes full control of Air Hong Kong
Air Hong Kong (AHK) is to become a wholly owned subsidiary of Cathay Pacific Airways, it was announced in a filing on the Hong Kong Stock Exchange. The non-binding memorandum of understanding will involve Cathay Pacific Group and DHL Group entering into the Share Transaction for the former to purchase the minority interest, AHK and […]
Cargo revenue falls 13% as Cathay Pacific makes a loss in 2016
Cathay Pacific Group made a loss of 575 million Hong Kong dollars ($74 million) in 2016 due to factors including increased competition and cargo overcapacity. The loss compared to a profit of HK$6 billion in 2015 with revenue falling 9.4 per cent to HK$92.7 billion with other airlines increasing capacity, reduced economic growth in China […]
