The Business Times

Cathay Pacific

Transport & Logistics

Cathay Pacific seeks savings, cuts some jobs in efficiency push

The airline has said that it plans to hire 3,000 people this year, pushing headcount beyond the 34,000 at the end of 2025

Air China says that its shareholding in Cathay will be maintained “at an appropriate level”.
Transport & Logistics

Cathay Pacific CEO says Air China’s HK$1.3 billion stake sale a ‘tactical’ move

Swire Pacific will remain the largest shareholder with a 47.65% stake after the buyback

Cathay is paying roughly a 35% premium over the price Qatar Airways originally paid for the stake to buy it back. The Hong Kong carrier said that it would fund the deal through internal resources and existing credit lines.
Transport & Logistics

Qatar Airways sells entire Cathay Pacific stake for US$897 million

The Middle Eastern airline has pursued a strategy of investing in airlines worldwide to strengthen its competitive position

Cathay Pacific's flights to and from Hong Kong International Airport will cease on Sep 23, 6 pm, and resume on Thursday.
Transport & Logistics

Hong Kong’s Cathay says to axe over 500 flights as typhoon nears

HONG Kong-based airline Cathay Pacific said on Monday (Sep 22) it expected to cancel more than 500 flights as Super Typhoon Ragasa was forecast to hit the Chinese financial hub.

Cathay noted cargo market uncertainty caused by changes to US tariffs this year, in particular the cancellation of a duty-free exemption for low-value packages from China and Hong Kong in early May.
Transport & Logistics

Cathay Pacific warns of declining fares and cargo uncertainty, shares fall

[HONG KONG] Cathay Pacific Airways warned on Wednesday (Aug 6) of declining airfares, challenges at its budget carrier and uncertain cargo market conditions, sending its shares down almost 10 per cent...

The move by the government brings Cathay and other local airlines into line with other regional carriers who made similar moves earlier, including Singapore Airlines.
Transport & Logistics

Cathay Pacific will comply with stricter rules on power banks

[HONG KONG] Cathay Pacific Airways has been forced fall into line with its airline peers on rules governing portable power banks after the Hong Kong government banned the use of the devices in-flight.

Singapore Air’s new rule will differ from Cathay, as the Hong Kong-based carrier still allows passengers to use power banks to charge devices during flights.
Transport & Logistics

Singapore Airlines, Cathay split on banning power bank use on flights

Inflight incidents involving batteries have been on the rise

Cathay Pacific posted a 1 per cent rise in its net profit of HK$9.89 billion (S$1.7 billion) for the year ended Dec 31, compared with HK$9.79 billion a year earlier as the holiday boost was partly offset by normalising ticket prices.
Companies & Markets

Cathay Pacific’s 2024 profit rises marginally

[HONG KONG] Cathay Pacific Airways reported a marginal rise in its full-year profit on Wednesday, following a stronger second half due to a holiday-season boost in travel demand and lower fuel prices.

After Covid, Cathay has been gradually rebuilding its flight operations, managing to hit 100 per cent of its pre-pandemic flight capacity month.
Transport & Logistics

Cathay Pacific to cut profit payout to staff by around 50%

CATHAY Pacific Airways is planning to slash its profit-share payout to its workers by almost 50 per cent.

With South-east Asia leading the Asia-Pacific's air travel growth, Singapore stands to benefit as a major air hub.
Transport & Logistics
OUTLOOK 2025

Asia-Pacific aviation growth to slow, profits squeezed on easing demand and supply chain issues

But the region, especially South-east Asia and India, will continue to lead the world in air travel

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