Cathay Pacific News
Cathay Pacific traffic sharply up but a fraction of 2019
Cathay Pacific carried 57,982 passengers in May, an increase of 141.5% compared to May 2021, but a 98% decrease compared to the pre-pandemic level in May 2019
Cathay Pacific given access to HK$7.8 billion loan from Hong Kong government for another year
Funds are part of the government’s rescue package provided in 2020 to help struggling airline stay afloat. Cathay CEO Augustus Tang says the airline did not need to draw down the loan in the past 12 months due to ‘prudent cash management’
Cathay Pacific narrows losses but awaits recovery
Cathay Pacific has reported a loss of HK$5.6-6.1 billion (£530-80 million) for financial 2021 as the Covid-19 pandemic continues to extract a huge toll on the carrier.
Cathay Pacific extends Travelport distribution deal
Travelport and Cathay Pacific have extended their long-standing relationship with a renewed and expanded multi-source content distribution agreement.
Cathay Pacific to boost sustainable fuel use
Cathay is reaffirming its commitment to reaching net-zero carbon emissions by 2050 by pledging to use sustainable aviation fuel for ten per cent of its total fuel consumption by 2030.
Cathay Pacific reports £2bn loss for the year
Cathay Pacific has reported a record annual loss of £2 billion for 2020. The Hong Kong flag-carrier said the poor results were due to a sharp downturn in travel during the Covid-19 pandemic.
Cathay Pacific suspends London flights to Hong Kong
The carrier said the decision was in view of the entry restrictions put in place by the government of Hong Kong on arrivals from the UK.
Cathay Pacific latest to offer free Covid-19 insurance
Cathay Pacific is seeking to help customers travel with confidence by collaborating with AXA General Insurance Hong Kong to provide free Covid-19 coverage to all passengers whenever they fly.
Cathay Dragon shutdown with immediate effect
Cathay Pacific has confirmed regional subsidiary Cathay Dragon will cease operations after three decades as part of a wider restructuring of the company in the face of the Covid-19 pandemic.
Cathay Pacific counts cost of Covid-19 downturn
Cathay Pacific has reported a loss of £1 billion for the first half of the financial year as the Covid-19 crisis continues to decimate demand for global air travel.
Cathay Pacific carries 900 passengers a day in June
Cathay Pacific has said it expects to report a loss of HK$9.9 billion (£1 billion) for the six months ended June 30th. The figure compares to a net profit of HK$1.3 billion for the same period in 2019.