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Old March 11th, 2012, 09:13 AM   #2581
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Old March 12th, 2012, 06:58 PM   #2582
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Cathay Pacific releases combined traffic figures for February 2012
12 March 2012
Press Release

Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for February 2012 that show the growth in passenger numbers falling short of capacity growth, while cargo and mail tonnage showed a slight increase over the same month last year.

Cathay Pacific and Dragonair carried a total of 2,117,621 passengers in February – a year-on-year rise of 4.0% – while the passenger load factor dropped by 2.8 percentage points to 74.5%. Capacity for the month, measured in available seat kilometres (ASKs), was up by 8.8%. For the year to date, passenger numbers are up by 8.1% compared to a capacity increase of 8.8%.

The two airlines carried 117,880 tonnes of cargo and mail last month, a rise of 0.8% compared to February 2011. The cargo and mail load factor was down by 1.8 percentage points to 65.8%. Capacity, measured in available cargo/mail tonne kilometres, rose by 4.7%, while cargo and mail tonne kilometres flown grew by 2.0%. For the year to date, tonnage has declined by 10.4% while capacity has dropped by 1.6%.

Cathay Pacific General Manager Revenue Management James Tong said: “Chinese New Year fell in early February in 2011, so direct year-on-year comparisons are once again distorted. However, the February figures highlight the fact that the growth in passenger volumes is struggling to keep pace with the increase in capacity, while the decline in yield is becoming more apparent on all routes in Economy Class. Demand in premium cabins is holding up but again yield is coming under pressure.”

Cathay Pacific General Manager Cargo Sales & Marketing James Woodrow said: "On the surface the February cargo figures look reasonably okay, but comparisons with 2011 are distorted by the Chinese New Year effect. Our key markets remained soft, with weak demand to Europe in particular out of Hong Kong and Shanghai. We continued to manage capacity in line with demand, which helped to keep load factors reasonably stable. At the end of February, demand out of Hong Kong and Mainland China did improve due to large project shipments.”
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Old March 14th, 2012, 08:49 AM   #2583
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Dragonair Resumes Scheduled Services to Xi'an and Guilin, Enhances Frequencies and Adds Capacity on Other Routes
12 March 2012
Press Release       

(HONG KONG) Dragonair today announced that it will resume scheduled services to Xi’an and Guilin, further strengthening Hong Kong’s position as a global aviation hub and gateway to Mainland China.

A four-flights-weekly service to Xi’an will begin from 1 April, becoming a daily operation from 1 May, while a daily Guilin service commences on 1 May. Both routes will be operated by an Airbus A320 aircraft.

“Dragonair is happy to return to these two popular destinations, offering passengers more choice and greater convenience when travelling to Mainland China. The service resumption to Xi’an and Guilin not only demonstrates our ongoing commitment to bringing our award-winning service to the Mainland, Dragonair’s core market, but also reinforces the significance of our home city Hong Kong as an aviation hub and gateway to China,” said Patrick Yeung, Dragonair Chief Executive Officer.

“We are looking into the possibility of adding two or three more new destinations in Mainland China and within the region later in the year,” Mr Yeung added.

Dragonair will also increase frequencies to three destinations, Ningbo, Qingdao and Okinawa. From 1 May, the number of flights to Ningbo will rise from 10 flights a week to 14, while services to Qingdao will rise from a daily service to 10 flights a week. The Okinawa service will be boosted from twice weekly to four flights a week from 25 March.

In addition, an upgrade to an A330-300 aircraft will boost capacity on a number of services, including Kunming and Guangzhou starting from 25 March, and Xiamen from 1 May.

“By adding more destinations, frequencies and capacity, together with our forward-looking plans for fleet expansion and product development, we aim to reinforce Dragonair’s reputation as one of the most highly regarded carriers in the region,” Mr Yeung said.

With the resumption of scheduled services to Xi’an and Guilin, Dragonair will serve 19 cities in Mainland China and a total of 35 destinations in its regional network.
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Old March 14th, 2012, 06:03 PM   #2584
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HK's Cathay says 2011 profit dives on fuel prices
14 March 2012

HONG KONG (AP) — Cathay Pacific Airways, Hong Kong's biggest airline, said Wednesday that profit fell 61 percent last year, hurt by persistently high jet fuel prices and weakness in the world's major economies.

The airline warned of a challenging outlook for 2012 as it posted a profit of 5.5 billion Hong Kong dollars ($709 million) for 2011, down from 2010's record HK$14 billion. The 2010 profit which was boosted by some one-time gains. Earnings per share fell to HK$1.40 from HK$3.57.

A "double whammy" of steep fuel prices and slumping cargo demand hit profits, Chairman Christopher Pratt said. He said 2012 is "looking even more challenging" than 2011 because of uncertainties including weakness in Europe and the United States, an unsettled Middle East and a forecast slowdown in China.

Cathay said high prices for jet fuel — its biggest expense at more than 40 percent of total costs — had a "significant effect" on operating results.

Fuel costs rose by HK$12.5 billion, or 44 percent, in 2011 from the year before, reflecting both higher jet fuel prices, which rose to an average of $130 a barrel, and that it flew more routes. The airline managed to offset some of that with a HK$1.8 billion profit from fuel hedging contracts, which cover about 20 percent of its fuel costs.

"We worry about high oil prices," said Pratt. "Any increase in the cost of fuel eats into our profitability in a very, very direct way."

Cathay executives said fuel prices have risen further but said that deliveries of new, more efficient aircraft over the next few years will help bring down the fuel bill.

High fuel costs also hurt profitability at its air cargo division, as fuel surcharges weren't enough to cover the gap.

The air cargo division, which accounts for 26 percent of revenue, shipped 8.6 percent less freight last year. Demand for air cargo shipments from Cathay's two biggest markets, Hong Kong and mainland China, started falling in April and remained weak for the rest of 2011, buffeted by the slumping global economy that cut consumer demand for electronics and other Asian manufactured goods.

The company said European demand was particularly weak. The division also faced increased competition from Shanghai-based airlines.

Air cargo shipments through Hong Kong were also hit by the devastating earthquake and tsunami that struck Japan in March 2011. The tsunami destroyed a swath of factories producing auto and high-tech components in northern Japan, disrupting manufacturers that relied on shipping those parts through the city for use in China.

Natural disasters and political instability cut travel demand to some of Cathay's major destinations. Demand for travel to Japan was "heavily affected" by the tsunami and subsequent nuclear crisis, although it recovered by October. Flooding in Thailand and unrest in the Middle East also hurt demand for travel.

Cathay and its subsidiary Dragonair carried 27.6 million passengers last year, 2.9 percent more than in 2010, but the amount of seats filled fell by 3 percent as passenger growth failed to keep pace with added capacity.
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Old March 15th, 2012, 06:58 AM   #2585
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Old March 17th, 2012, 07:30 AM   #2586
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Cathay Pacific Cargo Boeing 747-867F/SCD by gnavaphoto, on Flickr
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Old March 19th, 2012, 05:11 PM   #2587
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Old March 28th, 2012, 05:56 PM   #2588
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Press Release
Cathay Pacific boosts Mainland cargo presence with new freighter service to Zhengzhou
28 March 2012

 Cathay Pacific Airways today announced the launch of a new twice-weekly freighter service to Zhengzhou, the capital city and principal commercial hub of Henan Province in Central China, with effect from 28 March 2012.

The latest destination in the Cathay Pacific freighter network will boost further the airline’s presence as a cargo carrier in Mainland China following the launch of services to Chengdu and Chongqing in Western China in the second half of 2011.

Cathay Pacific Director Cargo Nick Rhodes said: “We see great business potential in Zhengzhou which is one of the fastest-growing centres for electronics manufacturing in the Mainland and is well-connected to a wide catchment area in Henan. Cathay Pacific’s new freighter service will offer shippers seamless connections to our extensive global network through the Hong Kong hub, helping to connect Zhengzhou to the world.”

The Zhengzhou service will be operated by a Boeing 747 freighter and will follow a Hong Kong-Shanghai-Zhengzhou-Hong Kong routing.

Cathay Pacific is committed to expanding its freighter network and has been actively launching new destinations despite the recent softening of demand in the global airfreight industry. In addition to launching freighter services to Mainland China, Cathay Pacific added services to Bengaluru in India and Zaragoza in Spain last year.

Mr Rhodes added: “We are confident about the long-term success of Cathay Pacific’s cargo business and about Hong Kong’s future as an international air cargo hub. That’s why, in addition to launching new destinations, we are investing heavily in new freighters and also building our own HK$5.7 billion cargo terminal at Hong Kong International Airport which is on schedule to begin operations in early 2013.”
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Old March 30th, 2012, 11:23 AM   #2589
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Old March 30th, 2012, 06:32 PM   #2590
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Old March 30th, 2012, 10:10 PM   #2591
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Old April 2nd, 2012, 06:17 PM   #2592
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Shanghai Airport Authority, Shanghai International Airport Co., Ltd.,Air China and Cathay Pacific establish airport ground handling joint venture in Shanghai
30 March 2012
Press Release

Shanghai Airport Authority, Shanghai International Airport Co., Ltd., Air China Limited and Cathay Pacific Airways today announced the establishment of a joint venture company in Shanghai for the provision of airport ground handling services at Shanghai Pudong International Airport and Shanghai Hongqiao International Airport.

The joint venture company – Shanghai International Airport Services Co., Limited – will be 41% owned by Shanghai International Airport Co., Ltd and 10% by Shanghai Airport Authority which is the majority shareholder of Shanghai International Airport Co., Ltd. Air China and Cathay Pacific’s wholly owned subsidiary Hong Kong Airport Services Limited (“HAS”) will hold 24% and 25% of the joint venture company respectively.

Air China and HAS will contribute RMB86.4 million and RMB90 million in cash to the registered capital of the joint venture company for their respective 24% and 25% shareholding. Cathay Pacific and HAS will provide strategic management support to the joint venture company.

Shanghai Airport Authority and Shanghai International Airport Co., Ltd. will inject cash and their existing ground service equipment into the joint venture company as their contributions in kind in respect of their respective 10% and 41% shareholding in the joint venture company.

Shanghai Airport Authority and Shanghai International Airport Co., Ltd will facilitate to switch their existing airport ground handling services contracts, including those in respect of Cathay Pacific and its sister airline Dragonair, to the joint venture company. Air China will also transfer its relevant ground handling services business to the joint venture company at an appropriate time.

The existing ground handling services staff of Shanghai Airport Authority and Shanghai International Airport Co., Ltd. will be transferred to the new joint venture company to ensure the continuity of operations at both Pudong and Hongqiao airports.

Subject to approval by the relevant Chinese government authorities, the joint venture company is expected to commence operations in the third quarter of 2012.

The joint venture shareholders of Shanghai International Airport Services Co., Limited said: “The joint venture company established by Shanghai Airport Authority, Shanghai International Airport Co., Ltd, Air China and Cathay Pacific will leverage on the resources and management expertise of each of the shareholders to enhance the hub operations and efficiency of ground handling services at the two Shanghai airports, providing a solid platform for developing Shanghai into a key aviation hub in the Asia Pacific region.

“Using the extensive ground handling management experience of its shareholders, the joint venture company will deliver improved services to the airlines and passengers flying in and out of Shanghai airports, catering for the increasing demand for air passenger and cargo services in Shanghai and creating economic benefits for the whole community.”
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Old April 6th, 2012, 06:18 PM   #2593
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Cathay Pacific rolls out electronic air waybills in Singapore and Malaysia, boosting airfreight industry efficiency
2 April 2012
Press Release

Cathay Pacific Airways today announced that the airline has introduced electronic air waybills (e-AWB) in Singapore and Malaysia as part of its ongoing efforts to promote a greener and more efficient airfreight industry. The airline was the first to switch to 100% e-AWB in Hong Kong on 1 January 2011, eliminating the need for all paper documents when issuing air waybills – the shipping documents used for the transportation of airfreight.

With e-AWB extended to Cathay Pacific’s overseas stations in Singapore and Malaysia, shippers now stand to benefit from reduced costs, faster customs clearance, the elimination of problems resulting from loss or misplaced documents, and reduced paper wastage.

Cathay Pacific Director Cargo Nick Rhodes said: “This is an important development for Cathay Pacific and the airfreight industry in general as we are the first airline to implement e-AWB outside its home base. The e-AWB programme has brought improved operational efficiency and accuracy for the airfreight industry in Hong Kong and we are delighted to extend these benefits to customers in Singapore and Malaysia.”

Mr Rhodes said that Cathay Pacific will continue to take the lead in this important area, working closely with service partner Global Logistics System HK Ltd towards implementing 100% e-AWB throughout the airline’s network by 2014.

Global Logistics System HK Ltd (GLSHK) Chief Executive Officer Lionel Kwok said: “A year ago, we made history by facilitating 100% e-AWB implementation for Cathay Pacific in Hong Kong. Today, we are honoured to play a part in continuing this e-initiative in Cathay Pacific’s overseas stations using our sophisticated e-freight solution.

“GLSHK is committed to promoting electronic developments, using upgraded technology to provide customized solutions to cater to the needs of the airfreight industry worldwide,” Mr Kwok added.

Electronic freight and electronic air waybills are initiatives covered under the International Air Transport Association’s (IATA) “Simplifying the Business” Programme, which aims to change the way the air transport industry operates and result in better services for cargo operators and lower costs for the industry. IATA targets to have 100% e-AWB globally by the end of 2014 and 100% e-Freight by end of 2015.
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Old April 6th, 2012, 07:41 PM   #2594
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Isnt Premium Economy the same thing as Business class or is it a totally different thing? does CX have 4 classes on their planes?
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Old April 7th, 2012, 06:10 PM   #2595
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Old April 7th, 2012, 10:33 PM   #2596
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Quote:
Originally Posted by krnboy1009 View Post
Isnt Premium Economy the same thing as Business class or is it a totally different thing? does CX have 4 classes on their planes?
Totally different. Yes, with the exception of planes without F cabins.
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Old April 11th, 2012, 03:39 PM   #2597
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Cathay clear of rocket flight path
The Standard
Wednesday, April 11, 2012

Cathay Pacific has no plans to reroute flights in view of an upcoming rocket launch by North Korea.

This is because Cathay is confident that routes between Hong Kong and Japan and South Korea will be safely out of the flight path of the satellite- carrying rocket - set to be launched by Monday.

A Cathay spokesman said the decision came after internal meetings and talks with aviation authorities in countries the rocket is expected to overfly.

He also said Cathay is aware of plans by other airlines to reroute flights, but he emphasized its planes will not cross paths with the rocket.

"The flight routes from the Philippines or other Asian countries are different from our routes from Hong Kong to Japan or Korea," the spokesman said, adding that direct flights to seven destinations in Japan and two in South Korea will take off as usual.

A spokesman for China Airlines said its Hong Kong office has not received any specific guidelines from the mainland head office regarding the issue and there will not be any flight detours.

A spokesman for the Civil Aviation Department said it was not necessary to change any flight routes within 560 kilometers of the SAR and that the skies up to Taiwan are safe. And any decision to reroute outside this zone rested with individual airlines.

The Hong Kong checks came as three Asian airlines announced rerouting of some 20 flights due to the North Korean rocket plan, including a dozen Philippine Airlines flights to the United States, Japan and South Korea. Japan Airlines and All Nippon Airways will also change routes from Tokyo to destinations such as Manila, Jakarta and Singapore.

The Philippine government has established a no- fly zone and also warned ships to stay clear of its northeast coast - the expected splashdown area of the second stage of the rocket.
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Old April 11th, 2012, 07:20 PM   #2598
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Does China Eastern Airline have shares in Swire Group or just Cathay Pacific?
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Old April 12th, 2012, 03:22 PM   #2599
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Quote:
Originally Posted by krnboy1009 View Post
Does China Eastern Airline have shares in Swire Group or just Cathay Pacific?
CX Major Shareholders : http://www.cathaypacific.com/cpa/en_...0011d21c39____
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Old April 14th, 2012, 07:59 AM   #2600
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By johnny147 from a Hong Kong discussion forum :











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