Articles tagged “cathay pacific”

Cathay Cuts 600 Jobs as It Tries to Get Costs Under Control

Cathay Cuts 600 Jobs as It Tries to Get Costs Under Control

Bloomberg News, Bloomberg

It might please investors to cut jobs but Cathy Pacific's problems run much deeper. It needs to work out where it fits in an airline environment that is rapidly changing.

5 days ago

Cathay Pacific Needs to Get in the Low Cost Carrier Game

Cathay Pacific Needs to Get in the Low Cost Carrier Game

David Fickling, Bloomberg

Cathay Pacific has had years to watch low cost airlines steal share from European legacy carriers. Asia has been a little behind Europe, but it's increasingly clear that Asian travelers also demand cheap flights with few frills. Cathay needs to give customers what they want, or it will be in trouble.

1 week ago

Cathay Pacific’s New CEO Outlines Three-Year Business Transformation Program

Cathay Pacific’s New CEO Outlines Three-Year Business Transformation Program

Bloomberg

Cathay urgently must cut management costs and must compete more effectively against budget carriers. Qantas has proven that legacy airlines can be reformed. But Cathay's new CEO must display some fresh thinking — and fast.

4 weeks ago

Cathay Pacific Names New CEO After Financial Setback

Cathay Pacific Names New CEO After Financial Setback

Bloomberg

Faced with competition from low-cost carriers and Chinese airlines amidst a decline in business travel, something had to give at Cathay Pacific -- and it just did with a change in CEOs.

2 months ago

Qantas Benefits From Competitive Chinese Airfares

Qantas Benefits From Competitive Chinese Airfares

Angus Whitley and Matthew Winkler , Bloomberg

As low-cost carriers consider growth, especially in the Asia-Pacific region, more established airlines like Qantas are placing more attention on their domestic routes instead.

2 months ago

Cathay Pacific Must ‘Adapt’ to Keep Pace, a Rival Airline CEO Says

Cathay Pacific Must ‘Adapt’ to Keep Pace, a Rival Airline CEO Says

Kyunghee Park , Bloomberg

Qantas CEO Alan Joyce made some tough — and unpopular decisions — as he tried to improve his carrier's financial health. Cathay Pacific is going to have to do the same. This may cause some tension for customers and employees.

2 months ago

Cathay Pacific’s Fortune Is Inextricably Tied to Popularity of Hong Kong Tourism

Cathay Pacific’s Fortune Is Inextricably Tied to Popularity of Hong Kong Tourism

Kyunghee Park and Dong Lyu, Bloomberg

Cathay Pacific's crisis illustrates the intricate balance between airlines and tourism marketing.

2 months ago

Singapore Airlines and Cathay Pacific Once Dominated Asian Skies but There’s a New World Order

Singapore Airlines and Cathay Pacific Once Dominated Asian Skies but There’s a New World Order

David Fickling , Bloomberg

Cathay Pacific and Singapore Airlines were once two of the world's most iconic airlines. They're still good at what they do, but they face new threats from both discounters and opulent Middle Eastern Airlines. And neither seems to know exactly how to respond.

4 months ago

Cathay Pacific Will Engage in a Major Cost Cutting Program

Cathay Pacific Will Engage in a Major Cost Cutting Program

Kyunghee Park, Dong Lyu and Prudence Ho, Bloomberg

Some of Asia's largest airlines are slow to embrace change, but Cathay Pacific is finding it has no choice. It must be more competitive in this new landscape, in which customers are defecting to other airlines in greater numbers.

4 months ago

Cathay Pacific Is Embarking on a New Business Strategy

Cathay Pacific Is Embarking on a New Business Strategy

Kyunghee Park, Bloomberg

Pressure from Gulf airlines, as well as newer carriers in China, has put Cathay Pacific in a difficult spot. To get out of it, it looks like the company is going to have to implement some form of restructure in order to make it more competitive.

4 months ago

A Celebration of the Brands That Cared in Airlines and Hospitality

A Celebration of the Brands That Cared in Airlines and Hospitality

Colin Nagy, Skift

For 2017, it is advisable to vote with your wallet, and support the airlines, hotels, and brands that are elevating experiences and not resting on their laurels or forgetting the vital human element of service.

5 months ago

Asia’s Largest Airlines May Soon Cut Passenger Perks

Asia’s Largest Airlines May Soon Cut Passenger Perks

Angus Whitley, Bloomberg

Airlines elsewhere moved a more a la carte model for passengers services years ago, so it never made sense that some airlines in Asia held out. That's beginning to change, though the region's carriers still offer far more perks than the average American airline.

6 months ago