Cathay Pacific


Cathay preserving cash as uncertainty looms

Cathay preserving cash as uncertainty looms

(ATF) Hong Kong's Cathay Pacific Airways said it expects to operate at less than half capacity in 2021 amid uncertainty about the relaxation of travel restrictions after it announced a record loss on Wednesday (March 10).The carrier reported a loss of HK$21.65 billion ($2.79 billion) for 2021, caused by a …

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Cathay Pacific warns of capacity cuts if it’s landed with quarantine rules  

Cathay Pacific warns of capacity cuts if it’s landed with quarantine rules  

Cathay Pacific Airways has warned its passenger capacity could be cut by about 60% and its monthly cash burn rise if Hong Kong installs new measures that require flight crew to quarantine for two weeks.Hong Kong's flagship carrier said the expected move will increase cash burn by about HK$300 million …

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Triple whammy puts Cathay investors on guard

Triple whammy puts Cathay investors on guard

(ATF) Cathay Pacific Airways investors have been buffeted by a triple whammy of bad news with second-half losses expected to surge, an immigration crackdown threatening staff levels and data showing passenger numbers plummeting.Adding to the gloom, Hong Kong – where the airline is based - has reported a recent surge …

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Cathay Pacific to lay off 25% of staff

Cathay Pacific to lay off 25% of staff

Cathay Pacific announced plans Wednesday to cut its workforce by nearly a quarter and close one of its short-haul airlines in an effort to survive the "devastating" impacts of the coronavirus pandemic.Across the globe, airlines have been hammered as the pandemic has slashed international travel, and they face a long, …

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