All Cathay Pacific Cargo articles – Page 5
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News‘Nothing off the table’ says Cathay chairman in business review
Cathay Pacific chairman Patrick Healy has warned that “tough decisions will need to be made” by the fourth quarter of the year as part of “right-sizing” efforts.He adds that “nothing is off the table” in the upcoming review of the Cathay Pacific group’s business model, but stopped short of saying ...
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Cathay Pacific set to receive big government bailout
The Hong Kong government has stepped in to provide beleaguered Cathay Pacific with a financial lifeline, as part of the airline’s group HK$39 billion ($5 billion) recapitalisation plan.Cathay, which has been hard hit by a collapse in travel demand from the coronavirus outbreak, states that the recapitalisation plan - if ...
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Cathay Pacific cargo volumes fall by almost 50%
Cathay Pacific saw its cargo volumes decline by 48.3% year-on-year in April, but since then it has ramped up capacity.The decline meant that the Hong Kong-hubbed airline group handled a total of 84,634 tonnes during the month.Meanwhile, cargo and mail revenue tonne kms slipped 37.3% year on year in April ...
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Cathay Pacific Cargo sees demand drop but yields and load factor increase
Hong Kong flagship carrier Cathay Pacific Group today released combined Cathay Pacific and Cathay Dragon results for March this year, which show a decrease in the amount of cargo and mail carried compared with the same month in 2019.The group's results reflect the impact of the global coronavirus pandemic, which ...
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NewsScoot to fly cargo-only PAX flights to China
Scoot B787-9Singapore-based low-cost airline Scoot will operate cargo-only passenger flights to China over the coming weeks as demand outstrips supply.The airline told Air Cargo News that it would operate "belly-hold freight charters" flights on behalf of parent Singapore Airlines' cargo arm in March.The flights will operate from Singapore to Guangzhou ...
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Cathay Pacific Cargo performs "below expectations"
Cathay Pacific reported that its cargo division performed "below expectations" last year, with cargo revenues of HK$21.1bn – a 14.3% decrease on 2018 revenues.Cargo revenue tonne km decreased by 6.7% to 11.3bn, volumes decreased by 6% to 2m tonnes and yields decreased by 7.9% to HK$1.87.Load factor declined by 4.4 ...
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China airfreight rates spike while Cathay mulls cargo only PAX flights
Airfreight rates from China increased rapidly last week as demand from China begins to ramp up but spare capacity remains tight.The latest figures from TAC Index show that last week average airfreight prices from Shanghai to North America increased by 32.3% on a week earlier to $4.02 per kg, while ...
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Cathay Pacific under pressure as cargo volumes fall
Cathay Pacific saw its cargo volumes decline in January, while it also warned that financial results will come under pressure.The airline group handled cargo volumes of 151,964 tonnes in January, which represents a decline of 8.9% year on year.Meanwhile, the cargo load factor for the month was down by 1.4 ...
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NewsCathay Pacific Cargo remains ‘cautiously optimistic’ for 2020
In its regular newsletter to the industry – Cargo Clan – Cathay Pacific Cargo has looked back at what has been a particularly challenging year for any business based at Hong Kong International Airport (HKIA), as well as what can be expected for 2020.The continuing demonstrations and protests at HKIA ...
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Cathay Pacific expects a weak first half of 2020 for cargo
Cathay Pacific is expecting a weak start to next year, but is more optimistic for 2020 as a whole.The Hong Kong hubbed airline said that its cargo performance continues to come under pressure and this is expected to continue next year.Last month, Cathay Pacific and Dragon Air carried 177,964 tonnes ...
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Hong Kong Airport exporters to benefit from cargo concession
Airport Authority Hong Kong (AA) will support airlines to introduce a terminal charge concession scheme from April 1 next year to help offset increased cargo screening costs and reinforce the hub's competitiveness.Under the Scheme, AA will contribute 20% of the terminal charge concession amount offered by an airline to freight ...
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Hong Kong carriers under pressure
Cathay Pacific and Hong Kong Airlines are both facing pressure, with the latter facing the prospect of being wound up by authorities.Earlier this week, Hong Kong's Air Transport Licensing Authority (ATLA) issued an ultimatum to Hong Kong Airlines, saying it must secure a cash injection and raise and maintain its ...
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Cathay Pacific: positive peak season for AP region
Cathay Pacific Cargo has reported a positive peak season, based on its performance and its role in transporting freight related to consumer-led holidays such as Singles' Day, Thanksgiving and Christmas.In a reflective, positive statement, the company's head of cargo global partnerships, James Conlin (pictured), said: "While still below what it ...
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Cathay Group's cargo volumes droop in October
Cathay Pacific and Cathay Dragon carried 183,119 tonnes of cargo and mail in October, a drop of 4.9% compared to the same month in 2018.In its latest monthly figures, Cathay Pacific Group said that cargo and mail load factor fell by 2.4 percentage points to 68.0%.Capacity, measured in available freight ...
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Cathay carries contender cars
Cathay Pacific Cargo’s Amsterdam team has flown three cars from the Netherlands to the 31st Bridgestone World Solar Challenge.The race across Australia from Darwin to Adelaide, which this year took place on 13-20 October, features solar-powered vehicles driven by more than 45 teams from around the world – including three ...
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Cathay Pacific's B747-400BCF ends operations
Cathay Pacific's B747-400BCF (B-HUS) has made its last revenue flight ahead of its planned retirement at the end of November.The Hong Kong-based carrier said the move was linked to the modernisation of the Cathay Pacific fleet.The airline added that its freighter fleet will remain at its current size of 20 ...
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Cathay Pacific Group reports tough August amid Hong Kong strikes
Cathay Pacific Group, comprised of Cathay Pacific and Cathay Dragon airlines, has released its figures for August 2019, which show a decrease in the amount of transported cargo compared with the same time period in 2018.This summer, ongoing protests in Hong Kong negatively impacted Cathay Pacific and Cathay Dragon's operations ...
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Air New Zealand and Cathay Pacific extend partnership up to 2024
Air New Zealand and Cathay Pacific have had their joint venture partnership re-authorised for another five years (up to 31 October 2024) by New Zealand officials.Lavinia Lau, director of commercial, at Cathay Pacific, said New Zealand is an important part of its network and a popular destination for customers.Meanwhile, Nick ...
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Hong Kong cargo operations largely unaffected by recent disruption
The protests at Hong Kong International Airport are not expected to cause major delays to cargo shipments.Protests at the airport disrupted bellyhold cargo operations between Monday and Wednesday, with services only starting to return to normal yesterday as the airport added extra security measures.However, Hong Kong Association of Freight Forwarding ...
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Hong Kong flights resume as airport adds new security measures
Passenger flights from Hong Kong International Airport (HKIA) have re-started today as the Asian hub has put extra security measures in place to limit protesters' access to terminals.The airport grounded hundreds of flights on Monday and Tuesday as protesters swarmed into terminal areas.Flights have re-started today, but there are still ...