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Cathay Pacific Airways Ltd (0293.HK)

0293.HK on Hong Kong Stock

11.70HKD
29 May 2017
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Latest Key Developments (Source: Significant Developments)

Capgemini supports Cathay Pacific Airways to transform its worldwide procurement and finance functions
Wednesday, 17 May 2017 12:29pm EDT 

May 17 (Reuters) - CAP GEMINI SA ::CAPGEMINI SUPPORTS CATHAY PACIFIC AIRWAYS TO TRANSFORM ITS WORLDWIDE PROCUREMENT AND FINANCE FUNCTIONS.  Full Article

Cathay Pacific Airways announces April data
Tuesday, 16 May 2017 04:07am EDT 

May 16 (Reuters) - Cathay Pacific Airways Ltd <0293.HK>:Combined passenger load factor for april grew by 1.5 percentage points to 86.4%.cathay pacific and cathay dragon carried a total of 3 million passengers last month - an increase of 3.2% compared to april 2016.Combined capacity for april , measured in available seat kilometres (asks), increased by 4.8%."yield continues to be affected by intense competition in market".  Full Article

Cathay Pacific Airways announces traffic figures for March
Wednesday, 19 Apr 2017 12:05am EDT 

April 19 (Reuters) - Cathay Pacific Airways Ltd <0293.HK>:Cathay Pacific and Cathay Dragon carried a total of 2,851,661 passengers last month - a decrease of 3.7% compared to March 2016.Two airlines carried 181,189 tonnes of cargo and mail in March, an increase of 15.4%.Passenger load factor dropped 1.1 percentage point to 82.8% for Cathay Pacific and Cathay Dragon in March.Looking ahead, market environment remains highly competitive and yield remains a major concern.  Full Article

Swire Pacific says Loo Kar Pui Paul will be appointed as executive director of Cathay Pacific
Wednesday, 12 Apr 2017 05:19am EDT 

Swire Pacific Ltd<0293.HK> : Board Changes . Loo Kar Pui Paul will be appointed as an executive director of Cathay Pacific . Chu Kwok Leung Ivan will step down as chairman of Hong Kong Dragon Airlines Limited, a unit of Cathay Pacific Source (http://bit.ly/2p4NHqQ) Further company coverage: [0019.HK][0293.HK] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Cathay Pacific says Rupert Bruce Grantham Trower Hogg apppointed CEO
Wednesday, 12 Apr 2017 05:14am EDT 

Cathay Pacific Airways Ltd <0293.HK>: Chu Kwok Leung Ivan, an executive director and the current chief executive of Cathay Pacific, will be re-designated as a non-executive director . Rupert Bruce Grantham Trower Hogg will be appointed as chief executive officer of Cathay Pacific . Upon the above changes taking effect, there will no longer be a chief operating officer of Cathay Pacific . Gregory Thomas Forrest Hughes will be appointed as an executive director of Cathay Pacific . Martin James Murray will be retitled from finance director to chief financial officer of Cathay Pacific . Yau, Ying Wah will remain as chief executive officer of Cathay Dragon . Hogg will become chairman of Cathay Dragon and will remain the chairman of the executive committee of Cathay Dragon . Yau, Ying Wah will resign as an executive director of Cathay Pacific on his appointment as director service delivery of Cathay Pacific .Christopher Patrick Gibbs, a non-executive director of HAECO, will be re-designated as an executive director of HAECO.  Full Article

Air New Zealand says for Feb short haul passenger numbers increased 2.2%
Monday, 20 Mar 2017 06:40pm EDT 

Air New Zealand Ltd : Feb short haul passenger numbers increased 2.2% . Group load factors were down 2.6 percentage points overall to 81.6% for Feb . Air New Zealand carried 1,268,000 passengers during month of february, an increase of 2.4% compared to same period last year . Feb domestic market demand (rpks) increased by 5.9% . Feb long haul passenger numbers increased 3.1% when compared to february last year . For Feb revenue passenger kilometres (rpks) were 2.0% higher on a capacity (asks) increase of 5.3% . Co and Cathay Pacific have extended strategic alliance partnership on services between new zealand and hong kong for a further five years until 2022 .From december 2017, a new seasonal service between Hong Kong and Christchurch will also be introduced under alliance.  Full Article

Cathay Pacific falls 4.8 pct, posts first annual loss since 2008
Wednesday, 15 Mar 2017 01:17am EDT 

Shares In Cathay Pacific Airways Ltd <0293.HK> : Fall 4.8 percent after airline reports first annual loss since 2008 Further company coverage: [0293.HK] (Reporting By Brenda Goh) ((brenda.goh@thomsonreuters.com;)).  Full Article

Cathay Pacific Airways posts FY net loss of HK$575 million
Wednesday, 15 Mar 2017 12:03am EDT 

Cathay Pacific Airways Ltd <0293.HK> : FY revenue HK$92,751 million versus HK$102,342 million a year ago . FY net loss HK$575 million versus profit of HK$6 billion . Full year dividend per share HK$ 0.05 . Expect operating environment in 2017 to remain challenging . "Strong competition from other airlines and adverse effect of strength of Hong Kong dollar are expected to continue to put pressure on yield" . Cargo market overcapacity is expected to persist . "Expect to continue to benefit in 2017 from fact that fuel prices are much lower than their previous high levels, but to a lesser extent" . "Air traffic to, from and within Asia-Pacific region is expected to grow strongly" . Expect to incur further fuel hedging losses in 2017 . Despite challenges still expect business to grow in long-term . "Are starting on a three year programme of corporate transformation with intention of achieving returns above cost of capital" . "Working on operational changes intended to improve reliability of our schedules" .Intend to benefit from this growth in Asia-Pacific region by increasing passenger capacity by 4-5% per annum.  Full Article

Air Canada and Cathay Pacific to introduce codeshare services
Thursday, 22 Dec 2016 03:00pm EST 

Air Canada : Air canada and cathay pacific to introduce codeshare services and reciprocal mileage accrual and redemption benefits in strategic cooperation .Air canada says will offer codeshare services to an additional eight cities in southeast asia on flights operated by cathay pacific and cathay dragon.  Full Article

Cathay Pacific Airways announces September traffic figures
Friday, 14 Oct 2016 05:41am EDT 

Cathay Pacific Airways Ltd <0293.HK> : In sept cathay pacific and dragonair carried a total of 2,672,694 passengers an increase of 1.5% . september passenger load factor dropped by 0.6 percentage point to 83.3%, . For sept the passenger load factor dropped by 0.6 percentage point to 83.3% . sept cathay pacific and dragonair capacity, measured in available seat kilometres (asks), increased by 2.6% . two airlines carried 162,116 tonnes of cargo and mail in september, an increase of 7.1% compared to same month last year . "plan to maximise freighter schedule over last quarter as we expect demand to strengthen during traditional peak season" .sept cargo and mail load factor rose by 2.6 percentage points to 65.0%.  Full Article

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Cathay Pacific to cut another 200 jobs, taking total to 800: South China Morning Post

HONG KONG Hong Kong's flagship carrier Cathay Pacific Airways Ltd plans to cut an additional 200 jobs on top of the 600 already announced as it seeks to return to profitability, the South China Morning Post reported on Tuesday.