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HONG KONG, Aug 9, 2023 (AFP) – Hong Kong carrier Cathay Pacific on Wednesday swung to a healthy profit in the first half of the year thanks to a pick-up in travel, with the airline expecting passenger capacity to reach 70 percent of pre-pandemic levels by end of the year. The airline said it made a $546 million profit in January-June, rebounding from a loss of $640 million in the same period last year. It […]
by Catherine LAI HONG KONG, China (AFP) — Cathay Pacific’s purchase of rival HK Express was an inevitable plunge into the no-frills market as the premier marque belatedly faces the reality that it can no longer ignore the budget sector, analysts say. Asia’s biggest international carrier has historically eschewed the low-cost sector, even as the region’s rising middle class has fuelled an unprecedented boom in air travel and demand for cheaper routes. But last week […]
HONG KONG, China (AFP) — Hong Kong flag carrier Cathay Pacific announced Wednesday it will buy budget airline HK Express for HK$4.93 billion ($628.15 million). The purchase comes as the airline moves to counter competition from an increasing number of budget carriers in the region. © Agence France-Presse
Hong Kong on Wednesday barred Boeing 737 MAX airliners from its airspace, the latest in a series of government bans worldwide in the wake of a deadly plane crash in Ethiopia. Despite Boeing’s assurances in the wake of the disaster, the European Union, Britain and India joined China and other countries grounding the plane or banning it from their airspace as they await the results of the crash investigation. The semi-autonomous Chinese city’s Civil Aviation […]
Hong Kong, China (AFP) — Five people were killed and 32 injured when a coach carrying Cathay Pacific staff to Hong Kong’s airport collided with a taxi on Friday, police said, with passengers thrown from the coach’s windows on impact. The back half of the taxi was completely crushed and both sides of the bus were damaged with traces of blood on the outside following the crash on the island of Tsing Yi. Police […]
(Eagle News) – The National Privacy Commission is alarmed regarding the data breach involving 102,209 Philippine passengers of Cathay Pacific Airways whose sensitive data information including credit card details and passport information had been breached since March this year. Cathay Airways only notified the NPC about this data breach on October 25, prompting the Commission to issue an order asking the airline company to explain why it failed to immediately or “timely notify” the government […]
HONG KONG, China (AFP) — Hong Kong carrier Cathay Pacific said Monday that one of its air crews spotted what they believed to be the missile fired by North Korea last week, as they flew between the United States and the southern Chinese city. The North fired an intercontinental ballistic missile believed capable of hitting the US mainland last Wednesday. A statement from Cathay said a flight crew had that day sighted “what is […]
HONG KONG, China (AFP) – Hong Kong’s flagship airline Cathay Pacific said Monday it would cut 600 staff as part of a major overhaul to slash costs and repair its bottom line. The company posted its first annual net loss in eight years in March, citing intense competition as lower cost airlines, particularly from mainland China, eat into its market share. It pledged at the time to slash costs by 30 percent, saying that […]
