All Cathay Pacific articles – Page 5
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News
Cathay Pacific hopeful on cargo following latest quarantine development
Cathay Pacific Cargo has welcomed the latest change to Hong Kong's crew quarantine rules.Earlier this week, the government announced that fully vaccinated Hong Kong-based aircrew for freighters and cargo-only passenger flights would no longer be required to quarantine after returning from an international journey, excluding crew that layover in the ...
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Cathay Pacific cargo capacity drops 25% as quarantine measures hit
Cathay Pacific saw its cargo capacity drop by 25% in March as a result of new crew quarantine measures in Hong Kong.Writing in the airline's monthly cargo update, general manager of cargo commercial George Edmunds said the new crew quarantine measures were the biggest obstacle faced to normal cargo operations.The ...
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FedEx and DoT hit out at Hong Kong quarantine rules
The US Department of Transport (DoT) may limit flights by the Cathay Pacific Group airlines in response to the latest Hong Kong's quarantine rules, saying they disproportionately affect US carriers.The new quarantine rules require that all Hong Kong-based crews quarantine for two or three weeks when returning from an international ...
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Positive cargo revenues for Cathay as group makes an overall loss
Hong Kong-based Cathay Pacific Group has highlighted the performance of its cargo division in its full-year 2020 financial results, as its overall performance was hit by the effects of the pandemic.The group posted an operating loss of HK$18.1bn last year; in 2019, it achieved profits of HK$3.4bn. Group revenues declined ...
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NewsCathay Cargo transports multiple types of Covid vaccines
Cathay Pacific Cargo is using its Vaccine Solution pharma service to transport large numbers of Covid-19 vaccines, under varying required conditions, to destinations in its network.Yesterday, the carrier carried 1m vaccine doses manufactured by Fosun Pharma/BioNTech from Frankfurt to Hong Kong.The batch was the first from Fosun Pharma/BioNTech to be ...
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Cathay Pacific cargo capacity to be hit by new Covid requirements
Cathay Pacific has warned that new Covid-19 requirements for pilots and crew will result in its cargo capacity being reduced by around a quarter.The Hong Kong-headquartered airline said that in February, the Hong Kong Special Administrative Region (SAR) government will implement a new 14-day hotel quarantine plus 7-day medical surveillance ...
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Cathay Pacific to launch Covid-19 vaccine transport solution
Cathay Pacific Cargo has developed new solution specifically for the distribution of Covid-19 vaccines.The airline said its new vaccine solution is quality assured and will offer its Ultra Track service and an operations control centre.Ultra Track monitors information including temperature, GPS location, and humidity, using low-energy Bluetooth readers.The operations centre ...
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Cathay Pacific adds new Riyadh freighter service
Cathay Pacific Cargo is launching a new scheduled freighter service between Hong Kong and Riyadh as it looks to capitalise on growing e-commerce demand.The weekly service launches on January 5 utilising one of the carrier's Boeing B747-400 ERF aircraft.The service will meet "the strong demand for shipments of e-commerce and ...
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HSBC sees vaccine supporting Asia-Pacific air freight rates in 2021
HSBC expects vaccine distribution to support cargo rates at Asia-Pacific carriers in 2021, with Cathay Pacific, China Airlines, Korean Air, and China’s ‘big three’ to be the main beneficiaries.In a research note, HSBC estimates that coronavirus vaccine distribution will add just 2% to global air cargo demand, but that this ...
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NewsDigitalisation and partnerships key for Cathay Pacific's new head of cargo
Tom Owen, Cathay Pacific CargoDigitalisation and the continued expansion of its partnership programme are two key priorities for Cathay Pacific's new head of cargo.Speaking to the airline's Cargo Clan publication, Cathay Pacific's new head of cargo Tom Owen outlined how he saw the cargo business progressing.Owen, who has worked Cathay's ...
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Cathay to park 40% of fleet in long-term storage overseas
Beleaguered Cathay Pacific will move about 40% of its fleet to long-term storage locations overseas, as it adjusts downwards its forecasted capacity for the coming months.In its monthly traffic results for August, Cathay confirmed that it is parking a significant number of aircraft overseas, given that it “will be operating ...
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Seat removal helps boost cargo at Cathay Pacific
Cathay Pacific saw its cargo volumes increase in July compared with a month earlier as it began flights using B777 aircraft with some seats removed.The airline group said that cargo volumes in July increased by 10% compared with June to 102,129 tonnes. However, this is still 39.8% down on a ...
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Cargo the bright spot as Cathay navigates "most challenging" period
Cathay Pacific Group reported an operating loss of HK$8.7bn ($1.13bn) for its half-year financial results, in what its chairman called the “most challenging” period for the group in its 70-year history.Cargo proved to be the sole bright spot for the troubled group, which in recent months was the subject of ...
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Cathay Pacific makes changes to cargo management team
Hong Kong-based carrier Cathay Pacific has made changes to its cargo management teamThe carrier has appointed Tom Owen into the role of director of cargo.Owen has served on the Cathay Pacific leadership team as director of people for the past five years. He has previously held a variety of senior ...
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NewsHAECO strips out B777 seats for Cathay cargo flights
HAECO Xiamen has stripped out seats from Cathay Pacific B777s to increase their cargo capacity.The conversion and maintenance firm said that the modification is covered by a Supplemental Type Certificate and has been directly approved by the Hong Kong Civil Aviation Department (HKCAD). It also uses HAECO Xiamen’s HKCAD Part ...
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Cathay cargo volumes under pressure as company issues profit warning
Cathay Pacific Cargo saw its airfreight volume declines deepen in June as urgent demand for personal protective equipment continued to ease.The airline saw traffic in cargo and mail tonne km terms decline by 35.8% year on year to 596m in June, while cargo volumes were down 43.1% compared with last ...
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NewsDeclining rates add to pressure on cargo-only PAX flights
Freight rates out of China continued their return to normal seasonal levels last week, putting further pressure on the use of passenger-freighter flights.The latest figures from TAC Index show that average rates from Shanghai to Europe last week declined by 30.8% week on week to $3.70 per kg. Prices are ...
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Cargo the highlight for Cathay Pacific in May
Cathay Pacific said that cargo was the highlight of its May performance despite a near 30% year on year drop in cargo carried.The Hong Kong-hubbed airline group, which this week look set to secure a HK$39bn government bailout, saw cargo and mail revenue tonne kms fall by 29.1% year on ...
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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 ...