Healy to succeed Slosar as Cathay Pacific chairman
John Slosar will retire as chairman of Cathay Pacific at the next board meeting on 6 November, to be succeeded by Patrick Healy. Healy joined the Swire Group in 1988 and spent 14 years with the China beverages division followed by four years as CEO of HAECO Xiamen. He is managing director of Swire Coca-Cola […]
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 flies into second consecutive annual loss
Cathay Pacific Airways has made its second annual loss in a row due to factors including overcapacity and high fuel costs. Following a loss of 575 million Hong Kong dollars ($73 million) in 2016, Cathay Pacific made a loss of HK$1.2 billion in 2017, with the second half profit of HK$792 million not being able […]
Cathay Pacific flies into HK$2 billion loss in first half of 2017
Cathay Pacific has made a loss of two billion Hong Kong dollars ($255 million) in the first half of 2017, with intense competition and higher costs creating “difficult operating conditions”. The loss compares to a HK$353 million profit in the same period of 2016, with costs for Cathay Pacific and Cathay Dragon increasing considerably. Fuel […]
Hogg to replace Chu as CEO of Cathay Pacific
Rupert Hogg is to take over as chief executive officer of Cathay Pacific, taking over from Ivan Chu on 1 May 2017. Hogg will be promoted from Cathay Pacific chief operating officer, following Chu’s appointment as John Swire & Sons (China) chairman, where he will play a leading role in the group’s Mainland China investment […]
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 […]
