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Search resuls for: "Cathay Pacific's"


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I didn't have to wait to get into the lounge, which felt premium as soon as I walked in. Rachel DubeCathay Pacific has two lounges for first-class fliers in this airport — The Wing and The Pier — but the latter was closest to me, so I chose to visit it during my travels. According to Cathay Pacific's website, the lounge is available from 5:30 a.m. to 12:30 a.m. daily. To enter the lounge, I scanned my boarding pass at the check-in station. From the moment I entered, it felt like a premium airport lounge experience.
Persons: Rachel Dube Cathay, I've Organizations: Rachel Dube Cathay Pacific, Cathay Pacific's Locations: It's
Cathay Pacific booked record losses in the last three years as it parked much of its fleet during the pandemic amid COVID-related flight cancellations and drastic headcount cuts. As a result, its passenger load factor was 87.2% for the first half, compared with 59.2% last year. "Turning to July and August, on the travel side the outlook is encouraging," Cathay Pacific said. For fiscal 2023, Cathay Pacific is expected to log profit of HK$3.92 billion, according to a Refinitiv estimate, a huge swing from a HK$7.16 billion loss last year. ($1 = 7.8146 Hong Kong dollars)Reporting by Sameer Manekar in Bengaluru, additional reporting by Donny Kwok in Hong Kong; Editing by Sohini Goswami, Nivedita Bhattacharjee, Tom Hogue and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
Persons: Hong, Sameer Manekar, Donny Kwok, Sohini Goswami, Nivedita Bhattacharjee, Tom Hogue, Jan Harvey Organizations: Cathay Pacific Airways, HK, Cathay Pacific, Cathay, Hong Kong, Association, Airlines, Hong Kong's, Thomson Locations: North America, Australasia, Hong Kong, Air China, Cathay Pacific, Bengaluru
Eleven injured in Hong Kong in Cathay Pacific flight incident
  + stars: | 2023-06-24 | by ( ) www.reuters.com   time to read: +1 min
HONG KONG, June 24 (Reuters) - Eleven people were injured on Cathay Pacific's (0293.HK) flight CX880 at Hong Kong's international airport early on Saturday after the carrier aborted its take off due to a technical issue, Cathay said in a statement. The flight, from Hong to Los Angeles, was carrying 17 crew and 293 passengers. It performed "an aborted take off in accordance with standard procedures after a technical issue was detected by the crew." "We understand that 11 passengers are being treated at the hospital with injuries sustained during the evacuation process. Our priority is to look after all affected passengers and crew."
Persons: Farah Master, Sandra Maler Organizations: Cathay, HK, Hong, RTHK, Thomson Locations: HONG KONG, Hong, Los Angeles
Funds that invest in Asian convertible bonds attracted inflows of $118.1 million in January and February, data from Morningstar shows, bucking the overall outflows recorded for the more than 350 convertible bond funds it tracks globally. Convertible bonds are hybrid securities with most, like a regular bond, paying a coupon. "Some Asian convertible bonds are attractive as they offer investors comparable or better yields for a shorter duration than straight bonds, as they come with an inexpensive equity option," said Girish Kumarguru, portfolio manager at alterative asset manager, China Everbright Assets Management (0165.HK). Compared to the 6% yield paid by its regular bond, convertible bond investors get less, with current pricing implying a yield of around 2.5%. "Measures to boost consumption in China should be favourable to Asian convertible bonds as there are numerous consumer-related issuers in this region," said Skander Chabbi, head of global convertible team at BNP Paribas Asset Management based in Paris.
Sicily is offering discounted airfare and hotel stays, and Finland is giving away 10 free trips. Taiwan said it will pay international visitors $165 and Hong Kong is giving out 500,000 free flights. Sicily, Finland, Hong Kong, and Taiwan are giving away free flights, hotel stays, excursions, and even straight cash. Hong KongThe central district of Hong Kong. Starting March 1, the tickets will be distributed by airlines Hong Kong Express, Cathay Pacific, and Hong Kong Airlines, Time Out reported.
Sponsored by Hong Kong's airport authority, the giveaway involves the distribution of 500,000 airline tickets via three of the city's carriers: Cathay Pacific, Hong Kong Airlines, and Hong Kong Express. Residents in Singapore quickly snapped up all 12,500 free round-trip tickets Cathay Pacific was giving out on Thursday. Those interested need to apply for a free Cathay Pacific membership on its website and answer three quiz questions about Cathay Pacific correctly, according to SCMP. Budget carrier Hong Kong Express is slated to join the campaign later, but it hasn't released details. Hong Kong Airlines did not immediately respond to Insider's requests for comment.
Nov 25 (Reuters) - Hong Kong's Cathay Pacific Airways Ltd (0293.HK) is in talks with aircraft manufacturers about orders for medium-haul aircraft and dedicated freighters, a senior executive said on Friday. Lam said the focus would be on acquiring more medium-haul jets to operate in the Asia-Pacific region as well as dedicated freighters, though he did not provide the numbers or types being considered. The long-serving executive, who will take over as chief executive on Jan. 1, had raised the prospect of jet orders in an interview with Bloomberg last month. Lam told analysts that the passenger outlook was improving but that cargo demand and prices had weakened compared to an "exceptional" performance in 2021. Reporting by Jamie Freed; Editing by Muralikumar Anantharaman and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.
Now that the Asian financial hub has scrapped onerous hotel quarantine rules, the airline is looking to build up passenger numbers. "Cathay has a mountain to climb to replace the staff, particularly pilots, that have left and continue to leave," he said. Lam, 50, joined Cathay in 1996, and was previously its chief customer and commercial officer. The two men took the top jobs in August 2019, after the resignation of then chief executive Rupert Hogg and Paul Loo, chief customer and commercial officer, amid mounting Chinese regulatory scrutiny of employees' involvement in the protests. Cathay's new chief customer and commercial officer is Lavinia Lau, 52, who moves from the role of director of customer travel, into a strong position to become its first female chief executive.
Cathay’s outgoing boss can flash half-decent card
  + stars: | 2022-11-09 | by ( ) www.reuters.com   time to read: +2 min
HONG KONG, Nov 9 (Reuters Breakingviews) - Cathay Pacific’s (0293.HK) new boss has reason for optimism. The outgoing chief executive can flash a half-decent report card. He navigated the Air China- (601111.SS) and Swire Pacific-backed (0019.HK) company through backlash from Beijing after employees took part in the 2019 Hong Kong protests. The $6 billion airline has seen a modest rebound of travellers since Hong Kong dropped hotel quarantine requirements. Since Tang’s appointment in August 2019, Cathay has logged a negative total return of 16%.
Singapore Airlines currently holds the title for operating the world's two longest flights at over 9,500 miles each. From San Francisco to SingaporeUnited Airlines and Singapore Airlines. Markus Mainka/ShutterstockAirline: Philippine AirlinesAircraft: Airbus A350-900Distance: 8,507 milesOutbound Scheduled Flight Time: 16 hours and 15 minutesReturn Scheduled Flight Time: 16 hours and 55 minutes6. Qantas AirwaysAirline: QantasAircraft: Boeing 787-9Distance: 8,576 milesOutbound Scheduled Flight Time: 15 hours and 20 minutesReturn Scheduled Flight Time: 16 hours and 45 minutes5. Toshi K/ShutterstockAirline: QantasAircraft: Boeing 787-9Distance: 9,009 milesOutbound Scheduled Flight Time: 17 hours and 15 minutesReturn Scheduled Flight Time: 16 hours and 45 minutes2.
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