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...Cathay Pacific reported its highest annual profit in more than a decade as strong travel demand buoyed the Hong Kong flag carrier’s earnings, with its chair declaring: “In 2023, we finally left the Covid...
...For an airline with the marketing slogan “Move Beyond”, Cathay Pacific is struggling to put its many troubles behind it....
...Hong Kong’s Cathay Pacific Airways is offering discounted fares from mainland China to the territory to help authorities boost voting turnout in a “patriots only” local election next month....
...“Cathay Pacific has largely preserved its market share,” said JPMorgan’s Karen Li in a note last month....
...Cathay Pacific Airways expects to report a profit of up to HK$4.5bn ($576mn) in the first half on the back of a surge in demand for travel....
...Its slow reopening has affected Cathay Pacific, which is also reeling from labour shortages....
...Cathay Pacific cabin crews are set to launch industrial action over the Christmas and new year holidays, in a blow to the Hong Kong carrier’s recovery from a pandemic that crippled flights and slashed passenger...
...One Cathay Pacific pilot had been with the airline for more than five years and planned a long career....
...The airline plans to resume its pre-pandemic capacity in full by the end of 2024 or early 2025, Ronald Lam, chief customer and commercial officer at Cathay Pacific, said in an interview....
...Hong Kong flagship airline Cathay Pacific said it expects to stop burning cash in the second half as the group narrowed its losses and delivered its most positive outlook in years after the city shortened...
...Cathay Pacific’s chief executive said the airline expected to burn up to HK$1.5bn ($192mn) a month for as long as Hong Kong upheld severe pandemic restrictions in response to its worst coronavirus outbreak...
...The effects of the rules will reach much further than the lifestyles of Cathay Pacific’s pilots and flight attendants....
...The city has for many years claimed the title of the busiest airport in Asia, and is set up as a vital air bridge to the rest of the Asia Pacific for those coming from Europe, and a passage for business...
...When a Cathay Pacific cargo pilot was named in December as one of the first carriers of Omicron in Hong Kong, it was a fitting end to another bleak year for the airline....
...Cathay Pacific is offering bonuses of up to HK$29,000 (US$3,700) to incentivise pilots to fly into Hong Kong and stay in hotel quarantine for weeks, as the city’s tough Covid-19 policies eviscerate the travel...
...Hong Kong authorities lambasted Cathay Pacific over breaches of Covid-19 restrictions, as health officials confirmed the first community-spread Omicron cases in the city....
...of the overwhelming majority of Cathay Pacific crew over so many months”....
...“The central government obviously believes that Cathay Pacific needs to take some responsibility for this,” said John P....
...Cathay Pacific is considering asking pilots to live outside of Hong Kong for several months, as the airline is forced to examine more radical measures to operate under the city’s strict Covid-19 quarantine...
...Cathay Pacific, the territory’s de facto flag carrier, has suspended long-haul cargo flights, while the government has banned services from eight countries including the US, the UK, Canada and Australia...
...“Unlike many of our global peers, who have seen encouraging signs of recovery in some domestic markets, Cathay Pacific remains wholly dependent upon cross-border air travel.”...
...Airline Cathay Pacific has also had high CEO turnover. At AstraZeneca, achieving an ambitious net zero target of 2025 is more likely to be “next management’s problem”....
...It announced last month that he would be returning to London to run the Swire holding company, leaving the airline-to-property group, whose flagship is Cathay Pacific Airways, facing some of the biggest...
...Cathay Pacific’s motto “Move Beyond” is proving hard for the Hong Kong flag carrier to put into practice. New quarantine rules mean the pandemic increases the drag factor on financial recovery....
...owner IAG, American Airlines and Cathay Pacific....
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