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Cathay Pacific Airways Ltd (0293.HK)

0293.HK on Hong Kong Stock

12.42HKD
26 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Synchrony Financial and Cathay Pacific Airways to introduce credit card program
Tuesday, 19 Jul 2016 04:30pm EDT 

Synchrony Financial : Announced agreement with Cathay Pacific Airways to introduce a new co-branded visa credit program for u.s. Travelers .Says program planned for launch in q1 2017.  Full Article

Cathay Pacific Airways says in June passenger load factor fell by 1.7 percentage points to 85.5 pct<0293.HK>
Monday, 18 Jul 2016 04:19am EDT 

Cathay Pacific Airways Ltd <0293.HK>: June 2016 traffic figures <0293.HK> . In June 2016, passenger load factor fell by 1.7 percentage points to 85.5% . Pressure on yield remains severe, with competition increasing and premium demand continuing to fall short of expectations" . Cathay Pacific and Dragonair carried a total of 2.9 million passengers in June- an increase of 2.1% compared to June 2015 . Says in June 2016 available seat kilometres (asks), grew by 3.3% .  Full Article

Airbus and Rolls Royce partner on services for Cathay Pacific
Tuesday, 12 Jul 2016 08:00am EDT 

Airbus Group SA : Airbus and Rolls-Royce partner to deliver integrated parts availability service for Cathay Pacific Airways' <0293.HK> A350 fleet Further company coverage: [AIR.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Cathay Pacific Airways announces traffic figures for May 2016<0293.HK>
Thursday, 16 Jun 2016 12:02am EDT 

Cathay Pacific Airways Ltd <0293.HK>: May 2016 traffic figures <0293.HK> . May passenger load factor fell by 1.9 percentage points to 84.0% . Cathay Pacific and dragonair carried a total of 2.9 million passengers in may a decrease of 1.3% compared to May 2015 . May capacity, measured in available seat kilometres (asks), grew by 0.5% . Says may is traditionally one of the slower months for travel, saw a further weakening in passenger demand last month . Says yield continued to be affected by strong competition and weaker-than-expected premium demand .  Full Article

Cathay Pacific Airways reports April operating statistics<0293.HK>
Tuesday, 17 May 2016 12:10am EDT 

Cathay Pacific Airways Ltd <0293.HK>: Cathay Pacific and dragonair carried a total of 2,909,534 passengers last month - an decrease of 0.1% compared to April 2015 . Two airlines carried 147,643 tonnes of cargo and mail in April, an increase of 2.1% compared to the same month last year . For April the passenger load factor for 2 airlines fell by 2.3 percentage points to 84.9% . In April for two airlines, cargo and mail load factor rose by 0.9 percentage points to 63.5% . For April, capacity, measured in available seat kilometres (asks), grew by 2.4% for 2 airlines . Big issue at the moment is yield, which remains under intense pressure" . Pressure on yield remains, with competition increasing and premium demand continuing to fall short of expectations" .  Full Article

Cathay Pacific Airways Ltd- EU court backs Air France KLM SA, other airlines in cartel challenge - Reuters
Wednesday, 16 Dec 2015 03:00am EST 

Cathay Pacific Airways Ltd:Europe's second highest court backed on Wednesday a challenge by Air France-KLM AIRF.PA and other airlines against a near 800 million-euro ($873.9 million) cartel fine handed down to the group five years ago for fixing prices of air cargo - RTRS."The General Court annulled the decision by which the Commission imposed fines amounting to approximately 790 million euros on several airlines for their participation in a cartel on the air freight market," the General Court said in its ruling. - RTRS.The European Commission in its 2010 decision said that 11 air cargo carriers fixed surcharges for fuel and security from December 1999 to February 2006. - RTRS.The other carriers were Air Canada, KLM, Martinair, British Airways, Cargolux, Cathay Pacific Airways, Japan Airlines, LAN Chile, Qantas, SAS and Singapore Airlines - RTRS.Lufthansa LHAG.DE escaped a sanction because it blew the whistle on the cartel. - RTRS.Air France took the biggest hit with a fine of 182.9 milion euros while KLM came in second at 127.2 million euros. The two carriers merged to form Air France-KLM in 2004 - RTRS.  Full Article

Cathay Pacific Airways Ltd declares first interim dividend
Wednesday, 2 Sep 2015 04:33am EDT 

Cathay Pacific Airways Ltd:Declares a first interim dividend of HK$0.26 per share (2014: HK$0.10 per share) in the first half of 2015.Payable on Oct. 5 to shareholders registered at the close of business on the record date Sept. 11.  Full Article

Cathay Pacific Airways Ltd declares second interim dividend
Wednesday, 18 Mar 2015 12:01am EDT 

Cathay Pacific Airways Ltd:Declared second interim dividend of HK$0.26 per share for year ended Dec. 31.Together with first interim dividend of HK$0.10 per share paid on Oct. 26, 2014, this makes a total dividend for year of HK$0.36 per share.Second interim dividend will be paid on May 7, to shareholders registered at close of business on record date, being April 10.Shares of the company will be traded ex-dividend as from April 8.  Full Article

BMW, Bosch join Deutsche Bahn in airline cartel damages claim against Cathay Pacific Airways Ltd and others - Reuters
Saturday, 31 Jan 2015 10:34am EST 

Cathay Pacific Airways Ltd:BMW and Bosch said on Jan. 31 they would join Deutsche Bahn in two claims for about 2.1 bln euros ($2.4 bln) in damages from air freight carriers who were involved in a cartel - Reuters.The air cargo cartel, which included Lufthansa and British Airways, was first discovered seven years ago and triggered fines in the European Union and in the United States.Confirming a report in German magazine WirtschaftsWoche, spokespeople for BMW and Bosch said the companies had joined the lawsuits, announced by Deutsche Bahn in December.The magazine also reported that Continental, Kuehne + Nagel and Panalpina were seeking damages from the cartel members.Deutsche Bahn says its freight business Schenker was overcharged for air cargo services for more than six years as carriers colluded in setting fuel and security surcharges.The firm is seeking 1.2 bln euros in damages plus 560 mln euros in interest in a suit filed with a court in Cologne, plus another $370 mln in the United States.The airlines it is suing in Germany are Lufthansa, Air Canada, British Airways, Cargolux, Cathay Pacific, Japan Airlines, LAN, Qantas, SAS and Singapore Airlines.In the United States, it is seeking damages from Air France, All Nippon Airways, Cargolux, KLM, Martinair, Qantas and SAS.  Full Article

Cathay Pacific Airways Ltd declares first interim dividend
Wednesday, 13 Aug 2014 12:08am EDT 

Cathay Pacific Airways Ltd:Declares a first interim dividend of HK$0.10 per share (2013: HK$0.06 per share) for the six months ended June 30.Payable on Oct. 6 to shareholders registered at the close of business on the record date, being Sept. 5.  Full Article

BRIEF-Synchrony Financial and Cathay Pacific Airways to introduce credit card program

* Announced agreement with Cathay Pacific Airways to introduce a new co-branded visa credit program for u.s. Travelers