Tag: Cathay Pacific Group

Cathay Pacific to offer intermodal cargo operations with upstream acceptance at HKIA

Cathay Pacific Cargo and the Cathay Pacific Cargo Terminal, operated by Cathay Pacific Services Ltd (CPSL), have become the first carrier and first cargo terminal operator to have cargo shipments accepted in Dongguan and transported to Hong Kong International Airport (HKIA) by ship for outbound airf...

Cathay Pacific’s tonnage falls 14% in August as headwinds hit hard

Cathay Pacific Group’s two airlines Cathay Pacific and Cathay Dragon carried 161,394 tonnes of cargo and mail in August, a drop of 14 per cent compared to the same month last year, as various headwinds affected performance. The cargo and mail load factor fell by 7.5 percentage points to 60.9 p...

Cathay Pacific tonnage declines 8.2% in July as it continues to face headwinds

Cathay Pacific Group’s cargo and mail tonnage fell 8.2 per cent in July, as the airline continued to face headwinds and deal with softening demand across markets. Cathay Pacific and Cathay Dragon combined, carried 169,720 tonnes of cargo and mail last month. The load factor fell by a significa...

Tang replaces Hogg as CEO of Cathay Pacific

Cathay Pacific accepted the resignations of Rupert Hogg as CEO and Paul Loo as chief customer and commercial officer and appointed Augustus Tang as CEO and Ronald Lam as chief customer and commercial officer.  Hogg and Loo resigned on Friday in the wake of pressure from government over the airl...

Cathay Pacific reports substantial cargo revenue decline

The Cathay Pacific Group has reported a sharp 11.4 per cent decline in cargo revenues of HK$11.49 billion in the first half of the year. The airline group said it reflected the weaker global trade brought about in part by US-China trade tensions. Volume and yield declined. Flown cargo capacit...

Cathay Pacific starts using new fire containment bag for lithium-ion batteries

Cathay Pacific Cargo says it has started using a new fire containment bag that allows it to safely fly standalone shipments of lithium-ion batteries on its freighters. The embargo on battery shipments on Cathay Pacific’s passenger aircraft remains. “These new fire containment bags have be...

Cathay Pacific completes acquisition of Hong Kong Express Airways

Cathay Pacific has completed the acquisition of low-cost carrier Hong Kong Express Airways (HK Express) and HK Express is now a wholly owned subsidiary of Cathay Pacific. Cathay Pacific Cargo has been appointed as the general sales and service agent (GSSA) for all HK Express cargo activities ac...

Cathay Pacific posts 9.1% tonnage decline in June

Asia's air cargo operators continue to suffer as the Cathay Pacific Group has reported that tonnage carried by Cathay Pacific and Cathay Dragon fell 9.1 per cent in June compared to the same month in 2018. The two airlines carried 163,977 tonnes of cargo and mail last month. The cargo and mail l...

Geopolitcal tensions continue to drag Cathay Pacific down

Cathay Pacific Group said its two cargo arms Cathay Pacific and Cathay Dragon saw tonnage fall in May as business continued to be impacted by geopolitical tensions and resulting dampened market sentiment. Cathay Pacific and Cathay Dragon combined carried 168,270 tonnes of cargo and mail last mon...

Cathay Pacific sees cargo tonnage decline 6.2% in April

Cathay Pacific Group today reported that in April its two airlines Cathay Pacific and Cathay Dragon carried a combined 163,694 tonnes of cargo and mail last month - a drop of 6.2 per cent compared to the same month last year. The cargo and mail load factor fell by 5.5 percentage points in April ...

Cathay Pacific cargo tonnage falls 9.9% in February

Cathay Pacific Group has reported that Cathay Pacific and Cathay Dragon combined saw a steep decline in cargo and mail carried last month and the Chinese New Year holiday resulted in distortion of figures. Last month, the Hong Kong carrier moved 131,320 tonnes of cargo and mail, a decrease of 9.9...

Cathay Pacific flies into a profit, boosted by robust cargo demand

The Cathay Pacific Group has reported a vastly improved financial performance in 2018 as a restructuring plan initiated pays off and it said the cargo business benefited from “robust demand”. Last year, cargo capacity increased by 2.6 per cent and the load factor for the year was 68.8 per cen...

IATA: e-AWB monthly rate falls 1.3% in November

The electronic air waybill (e-AWB) penetration rate reached 57.2 per cent in November 2018 - a 1.3 per cent fall on October and well below the 2018 end-of-year target of 68 per cent, according to the International Air Transport Association (IATA) in its monthly report. The top two performing airl...

Cathay Pacific tonnage up 4.7% in 2018, but warns of trade uncertainty

Cathay Pacific Group airlines Cathay Pacific and Cathay Dragon carried a combined 2.15 million tonnes of cargo in 2018 – 4.7 per cent more than 2017. The load factor across the Hong Kong based group's freighter and belly network was up one percentage point to 68.8 per cent, capacity, measured i...

e-AWB penetration rate reaches 58.5% in October, IATA reports

The electronic air waybill (e-AWB) penetration rate reached 58.5 per cent in October – still well below the 2018 end-of-year target of 68 per cent, according to the International Air Transport Association (IATA). This monthly figure was though up 2.6 percentage points on the 55.9 per cent recor...

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