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Cathay Pacific Airways Announces Completion Of Preference Shares And Warrants Issue
Cathay Pacific Airways Posts HY Loss Attributable HK$9,865 Million
Cathay Pacific Airways Says Rights Issue Was Over-Subscribed
Cathay Pacific Airways Ltd is a company mainly engaged in the provision of international passenger and cargo air transportation. Together with its subsidiaries, the Company operates business through its four operating segments. The Cathay Pacific and Cathay Dragon segment provides full service international passenger and cargo air transportation under the Cathay Pacific and Cathay Dragon brands. The Air Hong Kong segment provides express cargo air transportation offering scheduled services within Asia. The HK Express segment provides a low-cost passenger air transportation offering scheduled services within Asia. The Airline Services segment provides supporting airline operations services include catering, cargo terminal operations, ground handling services and commercial laundry operations.
One Pacific Place, 88 Queensway
Executive Chairman of the Board
Kin Wing Tang
Chief Executive Officer, Executive Director
Non-Executive Deputy Chairman of the Board
Chief Financial Officer, Executive Director
Koon Ying Chow
General Counsel, Company Secretary
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Hong Kong's Cathay Pacific Airways Ltd <0293.HK> warned it did not expect a meaningful recovery in passenger demand for some time due to the coronavirus pandemic after posting a record first-half loss, but signalled a brighter cargo market outlook.
* CATHAY PACIFIC EXEC SAYS CARGO PERFORMANCE PEAKED IN MAY BUT STILL STRONG IN JUNE, JULY, AUGUST, YIELDS MUCH HIGHER THAN NORMAL
* CATHAY PACIFIC EXEC SAYS 1/3 OF ITS PASSENGERS ARE TRANSITING THROUGH HONG KONG
* CATHAY PACIFIC PLANS TO TAKE DELIVERY OF 10 AIRBUS JETS IN 2020, 8 IN 2021 - RESULTS DOCUMENT Further company coverage: (Reporting by Jamie Freed)
* CATHAY PACIFIC CEO SAYS MANAGEMENT TEAM TO SUBMIT FINAL RECOMMENDATION ON FUTURE SIZE, SHAPE OF BUSINESS TO BOARD EARLY IN Q4 -INTERNAL MEMO
Hong Kong's Cathay Pacific Airways Ltd on Wednesday reported a record HK$9.87 billion ($1.27 billion) first-half loss and said it did not expect a meaningful recovery in passenger demand for some time due to the coronavirus pandemic.
Cathay Pacific Airways Ltd <0293.HK> said it will offer a voluntary scheme to its Hong Kong-based pilots who are approaching retirement age to leave the group early, in a continued effort to cut costs amid the coronavirus pandemic.
Hong Kong's Cathay Pacific Airways Ltd <0293.HK> said on Wednesday it had reached agreement with Airbus SE <AIR.PA> to delay the delivery of A350s and A321neos and was in advanced talks with Boeing Co <BA.N> about deferring its 777-9 orders.
Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it had reached agreement with Airbus SE to delay the delivery of A350s and A321neos and was in advanced talks with Boeing Co about deferring its 777-9 orders.
Hong Kong's Cathay Pacific Airways Ltd <0293.HK> expects a first-half net loss of HK$9.9 billion ($1.3 billion), including impairment charges on 16 planes, the airline said on Friday, as the coronavirus pandemic crushed travel demand.
* More than 50 widebodies could be sent to the desert - source
Cathay Pacific Airways Ltd <0293.HK> said it expects to repay the Hong Kong government for HK$19.5 billion ($2.52 billion) of preference shares over a three to five year period.
Shares of Cathay Pacific Airways Ltd <0293.HK> surged as much as 18.7% on Wednesday, reaching their highest level since Feb. 24, after the carrier announced a HK$39 billion ($5 billion) recapitalisation plan led by the Hong Kong government.
China shares slipped on Wednesday as a deepened deflation in producer prices signalled a prolonged impact of COVID-19 pandemic on overseas demand, raising doubts about a swift economic recovery.
Hong Kong just complicated a busy itinerary by adding Cathay Pacific to it. The government is leading a HK$39 billion ($5 billion) bailout of the struggling carrier, leaving it with a 6% stake. Swire Pacific also vowed to keep control as part of an accompanying rights issue...
Hong Kong will lead a $5 billion rescue of Cathay Pacific Airways <0293.HK>, which like other airlines has been hit by a global travel slump triggered by the coronavirus pandemic.
* CATHAY PACIFIC CHAIRMAN SAYS MAY RAISE FURTHER DEBT OR EQUITY IF SUITABLE MARKET CONDITIONS ARISE
Hong Kong's government does not intend to hold a stake in Cathay Pacific Airways Ltd <0293.HK> long term after leading a rescue package to help it through the coronavirus pandemic, Finance Secretary Paul Chan said on Tuesday.
Hong Kong's government does not intend to hold a stake in Cathay Pacific Airways Ltd long term after leading a rescue package to help it through the coronavirus pandemic, Finance Secretary Paul Chan said on Tuesday.
Cathay Pacific Airways Ltd <0293.HK> announced on Tuesday a recapitalisation plan worth HK$39 billion ($5.03 billion) led by the Hong Kong government to help it weather the coronavirus pandemic.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.