All Cathay Pacific articles – Page 6
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News
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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Korean Air the latest to offer cargo only-PAX flights
Korean Air has become the latest carrier to offer up its passenger aircraft for cargo-only operations, joining Scoot and Cathay Pacific.According to FlightGlobal, the airline said it planned to deploy passenger aircraft that have been idled since February 25 to carry cargo on flights to Qingdao.The flights will begin on ...
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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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Cathay Pacific finds positives among declining cargo volumes
Although total cargo and mail uplifted by the Cathay Pacific Group fell in December compared with a year ago, there are some bright spots among the latest freight statistics.“Our overall volume in December was on par with November and we enjoyed good all-round support from and to all the regions ...
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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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Peak season arrives as Asia-Europe rates take off
Airfreight rates on services between Hong Kong and Europe have started to pick up as the peak season finally gets underway.The latest figures from Tac Index show that in October the average price on services from Hong Kong to Europe reached $2.82 per kg, up from $2.56 in September.While average ...
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Cathay Pacific expects positive peak
Following the release of its September traffic figures earlier this month, which showed a slight improvement on August, Cathay Pacific has hailed a ‘positive start’ to the peak season.Tracey Ma, who took up the post of cargo sales manager Hong Kong at Cathay during the summer, observed: “The major challenge ...
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NewsCathay Pacific releases combined traffic figures for September 2019
Cathay Pacific Group has announced that tonnage carried and load factor for the year to date are “significantly below” the same period last year, despite small signs of improvement compared to August.In the first nine months of 2019, tonnage fell by 6.8% against an 0.7% increase in capacity. The traffic ...
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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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NewsCathay Pacific chairman Slosar to retire
Cathay Pacific has announced that chairman John Slosar will retire at the conclusion of the next board meeting on November 6 after 39 years at Swire, the parent company of the airline group.Slosar will be replaced by Patrick Healy who joined Cathay Pacific parent the Swire Group in 1988.Merlin Swire, ...
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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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Cathay Pacific chief executive resigns amid protest row
Today (August 16) Cathay Pacific announced changes in its senior management team.Augustus Tang will replace Rupert Hogg as chief executive, following Hogg's resignation earlier today. Ronald Lam will replace Paul Loo as chief customer and commercial officer.Although Cathay Pacific "believes that it is the right time for new leadership", the ...