All Cathay Pacific Articles – Page 8
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News
Cargo volumes down at Cathay Pacific in May
The Cathay Pacific Group saw its cargo volumes decline again in May, with demand shrinking by 3.9% year on year to 168,270 tonnes.The cargo and mail load factor fell by 4.7 percentage points to 63.9%. Capacity, measured in available freight tonne kilometres (AFTKs), was up by 4.6% while cargo and ...
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NewsCathay Pacific Cargo volumes fall in April
Ronald Lam, Cathay PacificCathay Pacific and Cathay Dragon carried a total of 163,694 tonnes of cargo and mail in April, a fall of 6.2% year on year.The combined cargo load factor for the two carriers of the Cathay Pacific Group also fell – by 5.5% (to 62.5%) over the same ...
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NewsTurkish Cargo scoops Cargo Airline of the Year Award
Turkish Cargo was voted Cargo Airline of the Year 2019 as the airfreight industry gathered in the UK for a night of celebration at Air Cargo News’ industry Oscars, now in their 35th year.The Istanbul-hubbed airline secured the highest total number of votes cast by Air Cargo News readers to ...
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News
Cathay Pacific Cargo strikes an optimistic note despite weak start to 2019
Cathay Pacific Cargo remains optimistic about its cargo business, despite registering declines in its cargo revenues and volumes during the first two months of the year.The carrier group saw cargo traffic decline by 9.3% in February following on from a 5.2% slide in January.However, general manager cargo commercial Nelson Chin ...
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News
Cathay agrees HK Express acquisition from HNA
Hong Kong-based Cathay Pacific has entered into a HK$4.93bn share purchase agreement to buy 100% of low-cost carrier Hong Kong Express Airways (HKE) from HNA Group, the Chinese conglomerate.The passenger and cargo giant said that the total consideration comprises of HK$2.25bn in cash and a non-cash component of HK$2.68bn.The transaction ...
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News
Strong cargo performance as Cathay Pacific returns to profit
Cathay Pacific saw increased capacity, yield and load factors in cargo as it benefitted from robust demand in 2018. It says the 14.7% (to HK$2.03) increase in yield compared to 2017 reflected a rise in high-value specialist cargo shipments and higher fuel surcharges.Cargo capacity of Cathay Pacific and Cathay Dragon ...
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News
Cathay Pacific confirms takeover talks for Hong Kong Express from HNA Group
Cathay Pacific Airways has confirmed that it is "in active discussions" about an acquisition involving the low cost carrier Hong Kong Express Airways (HKE) from HNA Group, the Chinese conglomerate.The Hong Kong-base passenger and freighter airline issued a short statement after media reports suggested that Cathay Pacific was in discussions ...