Articles tagged “cathay pacific”

Cathay Pacific Expects Significant Financial Hit From Coronavirus-Related Cancellations

Cathay Pacific Expects Significant Financial Hit From Coronavirus-Related Cancellations

Reuters

The bad news just keeps on coming for Cathay Pacific. If the situation in China worsens we should expect a further degradation in earnings.

4 days ago

Cathay Pacific Calls on 27,000 Workers to Take Unpaid Leave As Airline Struggles From Virus Outbreak

Cathay Pacific Calls on 27,000 Workers to Take Unpaid Leave As Airline Struggles From Virus Outbreak

Associated Press

This is an extraordinary move from Cathay Pacific, but it shows the kind of knife-edge conditions it was operating under.

2 weeks ago

Asia’s Airlines Cancel Annual Event in Hong Kong Due to Unrest

Asia’s Airlines Cancel Annual Event in Hong Kong Due to Unrest

Kyunghee Park, Bloomberg

This is a pity. Asia's biggest hotel meet, the Hotel Investment Conference Asia-Pacific, gritted its teeth and went ahead last month. Even a meeting at the airport or a venue close to the airport is better than canceling.

3 months ago

Cathay Cuts Earnings Outlook After Being Battered by Hong Kong Disruptions

Cathay Cuts Earnings Outlook After Being Battered by Hong Kong Disruptions

Kyunghee Park, Bloomberg

As Hong Kong protests march on, the situation is increasingly dire for Cathay Pacific. It has earned the dubious distinction of being the world's worst performing major airline in the past three months.

4 months ago

Cathay Pacific Accused of Unfair Layoffs Related to Workers’ Social Media Posts

Cathay Pacific Accused of Unfair Layoffs Related to Workers’ Social Media Posts

Shirley Zhao and Kyunghee Park, Bloomberg

More trouble at Cathay Pacific, as 32 flight attendant layoffs have raised union calls of unreasonable dismissal and criticisms of social media monitoring.

5 months ago

Hong Kong Airlines Appeal to Government for Short-Term Relief

Hong Kong Airlines Appeal to Government for Short-Term Relief

Kyunghee Park, Bloomberg

With months of ongoing protests resulting in a drastic fall in arrivals, financial survival has replaced profitability as a main concern for Hong Kong's airlines.

5 months ago

China’s Crackdown on Cathay Raises Questions on Air China’s Next Move

China’s Crackdown on Cathay Raises Questions on Air China’s Next Move

Angus Whitley and Kyunghee Park, Bloomberg

Should Air China, which owns 30 percent of Cathay, buy more of the Hong Kong-based airline and become an even stronger China insider at the carrier? Or should it sell and wash its hands of a company that has incurred the wrath of the mainland? The latter sounds highly unlikely.

5 months ago

Inside the Invitation-Only Airline Lounges for the 1 Percent

Inside the Invitation-Only Airline Lounges for the 1 Percent

Chris Chamberlin, Bloomberg

Forget a free breakfast and complimentary Wi-Fi — the world's most exclusive airline lounges are a cut above what even the most frequent commercial flyer is used to.

6 months ago

Cathay Pacific Airways Chairman Steps Down Amid China Scrutiny

Cathay Pacific Airways Chairman Steps Down Amid China Scrutiny

Ville Heiskanen, Bloomberg

Cathay's chairman, now famous for his words he wouldn't dream telling staff what to think, has quit. He should have resigned earlier, when CEO Rupert Hogg appeared the fall guy.

6 months ago

Cathay Pacific Targeted by Unions Over Chinese Compliance

Cathay Pacific Targeted by Unions Over Chinese Compliance

Johnson Lai, Associated Press

For Cathay Pacific, sticking close to China clearly trumps everything else. It might be a good short-term business decision but with protests raging in Hong Kong, it risks being on the wrong side of history.

6 months ago

Cathay Pacific Cautions Staff on Social Media Use as Hong Kong Protests Continue

Cathay Pacific Cautions Staff on Social Media Use as Hong Kong Protests Continue

Kyunghee Park, Bloomberg

The situation at Cathay Pacific is not good. The airline has angered a lot of key stakeholders on both sides. It's hard to see how this gets resolved.

6 months ago

Philippine Tourism Industry Attracts More Family Money: Why It’s Wrong

Philippine Tourism Industry Attracts More Family Money: Why It’s Wrong

Raini Hamdi, Skift

For many, the idea that a few families can control a whole industry is unthinkable, unfair, actually galling. In Philippine tourism, it’s as entrenched as the sight of a jeepney — no one thinks anything of it at all. That has to change, although it won’t be anytime soon.

6 months ago