Cathay Pacific

Hong Kong's Cathay Pacific losses narrow as COVID restrictions ease

- Hong Kong airline Cathay Pacific Airways said on Wednesday that losses in the first half of the year narrowed as a relaxation in quarantine rules boosted passenger numbers. But it cautioned that quarantine restrictions on its crew were limiting the airline's ability to increase flight capacity. The company reported losses of about USD 5 billion Hong Kong dollars (USD 637 million) in the first six months, down from 7.57 billion Hong Kong dollars (USD 964.5 million) in the same period last year. Hong Kong relaxed strict quarantine rules from 14 to seven days in mandatory hotel quarantine earlier this year, and to just three days from Friday. It still remains one of the few places in the world, together with mainland China, to require mandatory quarantine for inbound travellers. Such measures have limited recovery for Cathay and the city's tourism industry, as travellers opt for other destinations that have opened up completely. Cathay's first-half revenue grew 17 per cent to 18.6

Cathay Pacific names Rakesh Raicar as regional GM for S Asia, Africa

Raicar has over 30 years of experience working with Cathay Pacific

Cathay staff spent equivalent of 200 years in quarantine in 2021

Aircrew spent more than 62,000 nights in quarantine hotels, while another 1,000 staff - from pilots to head office teams - were put into Penny's Bay for over 11,000 nights

Cathay Pacific narrows annual loss on cost cuts and strong cargo demand

Hong Kong's Cathay Pacific Airways Ltd posted on Wednesday an annual loss of HK$5.5 bn ($703.45 mn), narrowing from prior year's HK$21.65 bn, thanks to cost-cutting efforts and strong air cargo demand

Locked in hotels: Hong Kong's Covid rules take mental toll on Cathay pilots

Cathay Pacific, is facing a revolt from pilots who say Hong Kong's tough quarantine rules under its zero-Covid policies are endangering their mental health

Cathay Pacific lowers Q4 capacity forecast as travel restrictions linger

Hong Kong's Cathay Pacific Airways Ltd said on Monday it had lowered its passenger capacity forecast for the remainder of the year to 13% of pre-COVID levels, down from an earlier 30% target

Cathay Pacific working with Airbus on single-pilot system for long-haul

The program, known within Airbus as Project Connect, aims to certify its A350 jet for single-pilot operations during high-altitude cruise, starting in 2025 on Cathay passenger flights

Hong Kong's Cathay Pacific axes flights to New York, London, Washington

Cathay Pacific has axed seven loss-making international routes, including New York, Washington, Brussels and London, as they were all losing money in the wake of flight suspensions due to the Covid-19

Winter survival test is coming for airlines as coronavirus cases rebound

Airlines are urging governments to introduce more testing and travel bubbles to help spur demand

Cathay Pacific to slash 8,500 jobs, end Cathay Dragon brand due to pandemic

Overall, it will cut 8,500 positions, or 24% of its normal headcount, but that includes 2,600 roles currently unfilled due to cost reduction initiatives

Cathay Pacific to cut 6,000 jobs, axe Cathay Dragon brand: Report

The South China Morning Post said the airline was expected to announce the job cuts on Wednesday, adding the figure had been reduced from 8,000 layoffs after government intervention

Cathay Pacific to cut 6k jobs, axe Cathay Dragon brand amid Covid: Report

(Reuters) - Hong Kong's Cathay Pacific Airways Ltd <0293.HK> will cut around 6,000 jobs or 18% of its workforce, and axe regional brand Cathay Dragon to help it weather the coronavirus pandemic, the South China Morning Post reported on Tuesday, citing sources.

Cathay Pacific unveils $5-bn bailout plan amid coronavirus pandemic

Cathay Pacific proposed the bailout as it struggles to survive the near collapse of regional travel due to the pandemic

Cathay Pacific fined by UK watchdog for data breach of 9 million fliers

Between October 2014 and May 2019, a lack of security measures on the carrier's computer systems led to a massive data breach involving 9.4 million customers around the world

Cathay Pacific asks 27,000 staff to take unpaid leave over Coronavirus

'I am hoping all of you will participate, from our frontline employees to our senior leaders,' said the airline's CEO in a video message

Hong Kong protests force companies to choose: Their employees or China

Employers early on supported their workers' desire to protest but have started to shift under pressure from Beijing

Cathay Pacific Airways CEO quits in blowback over Hong Kong mass protests

Augustus Tang has been named as the new chief

Cathay Pacific warns it could fire staff for supporting Hong Kong protests

The protests in Hong Kong have infuriated Beijing and left Cathay Pacific in a difficult position

Cathay Pacific shares fall to decadal low on China snub over HK protests

The nosedive comes as the airline is caught up in pro-democracy protests that have rocked Hong Kong for more than two months

Cathay Pacific to buy HK Express for $628 mn, enter budget airline segment

HK Express reported a HK$141 million net loss in 2018 and had a net asset value of HK$1.12 billion, Cathay said