Articles tagged “cathay pacific”

Cathay Pacific Gets a Boost From Business Class Revival

Cathay Pacific Gets a Boost From Business Class Revival

Kyunghee Park, Bloomberg

A $161 million annual loss isn't anything to shout about, but at least Cathay Pacific CEO Rupert Hogg, who only joined the business 10 months ago, can claim things are trending in the right direction. The next challenge is proving that the airline can deal with the threat coming from mainland China.

1 month ago

Cathay Pacific CEO Still Has a Very Tough Job Ahead

Cathay Pacific CEO Still Has a Very Tough Job Ahead

Angus Whitley and Kyunghee Park, Bloomberg

Like airlines around the world, Cathay Pacific has to contend with inroads from those pesky low-cost carriers. Unfortunately, the airline has an infrastructure problem that limits its options — constrained capacity in Hong Kong.

2 months ago

Asian Airlines Are Still Soaring Despite the Oil Price Spike

Asian Airlines Are Still Soaring Despite the Oil Price Spike

Dong Lyu, Kyunghee Park and Anurag Kotoky, Bloomberg

Airline executives say that Asian carriers can withstand the recent jump in oil prices without financial turbulence. Let's hear it for today's more fuel efficient aircraft.

3 months ago

Qatar Airways Keen on Taking a Bigger Slice of Cathay Pacific

Qatar Airways Keen on Taking a Bigger Slice of Cathay Pacific

Brian Sumers, Skift

Other airlines say they're adapting to what younger travelers want. But not all of them actually do it. Delta seems to be ahead of many of its competitors. And that's a good thing.

4 months ago

Cathay Pacific Bucks the Trend in Rewards Boost — Business of Loyalty

Cathay Pacific Bucks the Trend in Rewards Boost — Business of Loyalty

Grant Martin, Skift

Updates to Cathay Pacific's Marco Polo loyalty program may be a thinly veiled effort to bring business back to the company. Either way, frequent flyers on the airline are in for a loyalty bonus soon.

5 months ago

Business Class Must-Haves That Airlines Neglect at Their Peril

Business Class Must-Haves That Airlines Neglect at Their Peril

Colin Nagy, Skift

As airlines double down on investment in business class, there are some experiential table stakes for customers paying the money to sit up front.

6 months ago

Qatar Air Spends $662 Million on Stake in Cathay Pacific

Qatar Air Spends $662 Million on Stake in Cathay Pacific

Kyunghee Park, Bloomberg

Given Cathay Pacific's recent struggles, airline investors had been pushing for a merger with rival (and shareholder) Air China. Qatar Airways' surprise investment means Cathay's independence will likely be preserved, at least in the short term.

6 months ago

Cathay Pacific Turnaround Envisioned in Contrarian Goldman Sachs Report

Cathay Pacific Turnaround Envisioned in Contrarian Goldman Sachs Report

Richard Frost, Bloomberg

Analysts covering Cathay Pacific are at their most bullish in a year. But it's prudent to be cautious. The airline reported a $260 million first-half loss and has just changed CEOs. Change takes time.

6 months ago

Hong Kong Airlines Wants to Disrupt Cathay Pacific on Trans-Pacific Routes

Hong Kong Airlines Wants to Disrupt Cathay Pacific on Trans-Pacific Routes

Brian Sumers, Skift

We think the last thing the Hong Kong-North America market needs is more capacity. This seems like a shaky idea. But remember, Hong Kong Airlines is controlled by HNA Group, a giant conglomerate with deep pockets. You can't count it out.

7 months ago

Hub-Airport Era Could See Its Demise With Advances in Long-Range Aircraft

Hub-Airport Era Could See Its Demise With Advances in Long-Range Aircraft

David Fickling, Bloomberg

Spending 16 or even 18 hours on an airplane is one thing. But 20? As a colleague says, "Are we sure it's not better to connect in Dubai?"

8 months ago

Cathay Pacific Reports Worst First-Half Loss in Two Decades

Cathay Pacific Reports Worst First-Half Loss in Two Decades

Dong Lyu, Kyunghee Park, and Daniela Wei, Bloomberg

Cathay Pacific has too much capacity and too high of a cost structure given dropping fares on many routes. Some analysts float the idea of a takeover by Air China.

8 months ago

Cathay Pacific Needs to Do Something Drastic to Win Back Customers

Cathay Pacific Needs to Do Something Drastic to Win Back Customers

Bloomberg

Competition from mainland China means that Cathay Pacific's Hong Kong location is no longer a major asset. If its fortunes continue to decline it will surely emerge as a takeover target for shareholder Air China.

8 months ago