Cathay Pacific Airways Ltd (0293.HK)
19 Jul 2018
Thu, May 24 2018
SINGAPORE, May 24 Hong Kong's Cathay Pacific Airways has made the biggest overhaul to its loyalty programme in a decade, with airfares paid now playing a larger part in determining customer rewards, the head of the business said on Thursday.
SINGAPORE Hong Kong's Cathay Pacific Airways Ltd expects its core airline business, which has been operating at a loss, to swing into the black next year as a turnaround plan bears fruit, the carrier's chief executive said on Wednesday.
SINGAPORE Cathay Pacific Airways expects airfares will recover further this year after four years of declines, a senior executive said, offering a positive outlook for the Hong Kong airline that sent its shares 7.6 percent higher on Thursday.
* Shares jump as much as 7.6 pct to two-and-a-half-year high (Recasts with executives' comments)
HONG KONG, March 15 Shares of Cathay Pacific Airways Ltd climbed 3.5 percent in Hong Kong on Thursday, after posting a smaller than expected annual loss for 2017.
SHANGHAI/SINGAPORE Cathay Pacific posted a smaller than expected annual loss due to a rebound in the cargo market, moderating ticket price falls and lower fuel hedging losses, prompting analysts to call that the worst was over for the Hong Kong airline.
* Annual loss HK$1.26 bln vs HK$2.15 bln loss expected by analysts
March 14 Hong Kong's Cathay Pacific Airways Ltd posted on Wednesday its biggest annual loss in nine years as fierce competition from mainland Chinese and Middle Eastern rivals exacerbated problems with overcapacity.