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Cathay Pacific Airways Ltd (0293.HK)

0293.HK on Hong Kong Stock

10.36HKD
6 Dec 2016
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Latest Key Developments (Source: Significant Developments)

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

Cathay Pacific sees H2 results no better than first half
Wednesday, 12 Oct 2016 06:48am EDT 

Cathay Pacific Airways Ltd <0293.HK>: Since the interim report was issued, the outlook for airlines business has deteriorated . Overcapacity and strong competition is putting particular pressure on passenger business .No longer expected that cathay pacific group's results for second half of 2016 will be better than those of the first half.  Full Article

Cathay Pacific Airways posts half-year net profit of HK$353 million<0293.HK>
Wednesday, 17 Aug 2016 12:21am EDT 

Cathay Pacific Airways Ltd <0293.HK>: 2016 interim results <0293.HK> . HY revenue HK$45.683 billion versus HK$50.39 billion a year ago . HY net profit HK$353 million versus HK$1.97 billion a year ago . First interim dividend of HK$0.05 per share . Expect the operating environment in the second half of the year to continue to be impacted by the same adverse factors as in the first half . Continue to make long-term investments . Overall business outlook therefore remains challenging . Overcapacity and economic fragility will dampen cargo demand . Reviewing productivity and expenditure, we have stopped hiring and replacement of non-operationally critical staff . We expect passenger yield to remain under pressure . Restricting non-essential discretionary spending . Fuel surcharge remains suspended . The benefits from lower fuel prices will continue to be partially offset by losses on our fuel hedging contracts .In this difficult environment, we will manage capacity and strive to make further improvements in operational efficiency.  Full Article

Cathay Pacific Airways says July passenger load factor flat at 87.0%<0293.HK>
Monday, 15 Aug 2016 12:02am EDT 

Cathay Pacific Airways Ltd <0293.HK>: For July the passenger load factor was flat at 87.0% . Cathay Pacific and dragonair carried a total of 3.1 million passengers in July an increase of 2.9% compared to July 2015 . For July, capacity, measured in available seat kilometres (asks), grew by 2.6% . The two airlines carried 158,022 tonnes of cargo and mail in July, an increase of 7.1% . Business environment remains challenging, but we have seen a growth in demand for special products and we will continue to diversify" . July cargo and mail load factor rose by 2.9 percentage points to 64.7% .  Full Article

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

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Cathay Pacific warns of weak second-half, shares hit seven-year low

HONG KONG Shares of Cathay Pacific Airways Ltd fell 5.6 pct to their lowest in over seven years after the carrier warned of a weaker-than-expected second-half performance, as it conducts a review to cut costs amid deteriorating passenger business.