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Old October 14th, 2016, 06:17 PM   #3381
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In most cases, those business seats are billed in corporate accounts. Having said that, the only reason A380 works for Emirates is due to its business model. Emirates is literally at crossroads of Earth, so they need to put as much people in transit as possible and to remove people from its airport as soon as possible.
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Old October 15th, 2016, 04:59 AM   #3382
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Cathay Pacific releases combined traffic figures for September 2016
Press Release Excerpt
14 Oct 2016

Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for September 2016 that show an increase in both the number of passengers carried and the amount of cargo and mail uplifted compared to the same month last year.

Cathay Pacific and Dragonair carried a total of 2,672,694 passengers last month – an increase of 1.5% compared to September 2015. The passenger load factor dropped by 0.6 percentage point to 83.3%, while capacity, measured in available seat kilometres (ASKs), increased by 2.6%. In the first nine months of 2016, the number of passengers carried rose by 1.8% compared to a 3.3% increase in capacity.

The two airlines carried 162,116 tonnes of cargo and mail in September, an increase of 7.1% compared to the same month last year. The cargo and mail load factor rose by 2.6 percentage points to 65.0%. Capacity, measured in available cargo/mail tonne kilometres, increased by 2.2%, while cargo and mail revenue tonne kilometres (RTKs) increased by 6.3%. In the first nine months of 2016, the tonnage carried rose by 1.9% against a 0.5% increase in capacity and it was flat in RTKs.

Cathay Pacific General Manager Revenue Management Patricia Hwang said: “While we saw a slight increase in passenger traffic during September, it lagged behind capacity growth. The latest addition to our network, Gatwick, is off to a good start as a result of back-to-school student demand. Influenced by fragile economies, our key sales territories of Hong Kong, Mainland China and the United States continued to show weakness. Demand for our Mainland China routes has also been affected by the substantial increase in direct capacity. Yield continues to come under intense pressure in the face of strong competition.”
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Old October 20th, 2016, 08:44 PM   #3383
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Airbus A320-232, Cathay Dragon, B-HSP, PEK by carlcowkau Photography, on Flickr
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Old October 22nd, 2016, 06:46 AM   #3384
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Old October 24th, 2016, 06:31 PM   #3385
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South China Morning Post Excerpt
Hundreds of US-based cabin crew face loss of welfare benefits as Cathay Pacific halts payments
Hong Kong airline says that as a non-American company it is not eligible to make the contributions to social security and health insurance programmes
October 23, 2016

Cathay Pacific faces unrest and deep discontent among its US-employed cabin crew after halting contributions to their social security and health insurance “medicare” programmes.

As a result more than 400 people based in Cathay bases in New York, San Francisco and Los Angeles face the loss of government retirement payouts and post-retirement health care insurance protection.

The airline says that for several years it had mistakenly contributed to a benefits scheme provided by the US government. Now Cathay has told the employees that it is exempt from such payments as it is a non-American employer with staff working on non-American registered aircraft.

“We understand that we have no alternative but to comply with the US tax law and regulation,” the airline told staff in a letter.

And in a response to the Post, a spokeswoman said contributing to the scheme would not be lawful.

The change in policy means Cathay will save US$1 million a year in employee related contributions, according to a leaked email. However, it denied the move was motivated “due to any cost concern”.

Crew who made social security contributions over recent years, typically 6 or 7 per cent deducted from their salaries, could get a refund but they would not then be eligible for the benefits.

The US Association of Flight Attendants (AFA), which is helping the non-unionised Cathay staff, said the problem facing employees was that they needed at least 10 years of contributions to draw benefits.

Cathay staff said they were told about the situation only three weeks before the payments were halted.

More : http://www.scmp.com/news/hong-kong/e...lfare-benefits
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Old October 26th, 2016, 12:56 PM   #3386
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Cathay Pacific to add Tel Aviv to global network
Press Release Excerpt
26 Oct 2016

Cathay Pacific Airways today announced that it will expand its global network with the launch of a new four-times weekly service between Hong Kong and Tel Aviv, the international gateway to Israel, from 26 March 2017 (subject to government approval).

Cathay Pacific Chief Executive Ivan Chu said: "We are excited to be launching a direct link to Tel Aviv, which has established itself as a culturally rich and technologically-advanced business capital. As an important market in the ‘One Belt, One Road’ initiative, Israel offers tremendous potential for business and leisure travel. Together with the recent launch of our Madrid and Gatwick operations, this new service to Tel Aviv reflects our commitment to growing the Cathay Pacific network and further strengthening Hong Kong's position as one of the world's great international aviation hubs.”

The new service, which will be operated by Cathay Pacific's state-of-the-art Airbus A350-900 aircraft, will provide greater convenience for business and leisure customers travelling between the two cities and give passengers travelling from Israel easier access to key destinations in Asia and Southwest Pacific through the airline’s hub in Hong Kong.

Tel Aviv is Israel’s largest commercial and technological hub and is recognised as one of the world's leading financial centres. Often described as "the city that never stops", the coastal metropolis lies within easy reach of ancient Jerusalem, and each year draws millions of leisure travellers from around the world thanks to its diverse culture, thriving arts scene and renowned nightlife.

The city forms part of the wider Tel Aviv Metropolitan Area – also known as Gush Dan – which is home to 3.5 million residents, representing over 40% of the country’s well-travelled population.
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Old October 29th, 2016, 12:04 PM   #3387
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By kh888 from dcfever :

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Old November 2nd, 2016, 07:53 PM   #3388
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Cathay Pacific first to Auckland with the A350
Press Release Excerpt
28 Oct 2016

New Zealanders turn out in force to watch Flight CX197 fly over Waitematā Harbour

Cathay Pacific has become the first international airline to operate the state-of-the-art Airbus A350-900 to New Zealand as Flight CX197 arrived in Auckland today (Friday, 28 October) after making its overnight journey from Hong Kong.

Prior to landing at Auckland International Airport, the flight, which was under the command of Cathay Pacific Chief Pilot Airbus Gavin Haslemore and his fellow Kiwi, Senior Captain Colin Davis, flew over the city’s Waitematā Harbour, giving many New Zealanders their first look at the world’s most modern commercial aircraft.

The environmentally-friendly A350 is equipped with the airline's latest cabin products, an enhanced inflight entertainment system and Wi-Fi connectivity in all classes, enriching the experience of passengers and helping Cathay Pacific to deliver on its promise of a "Life Well Travelled".

Cathay Pacific, which has been serving New Zealand for 33 years, has five A350s in operation, and by the end of next year will have taken delivery of a total of 22. The aircraft, which will form the backbone of the airline's mid-size long-haul fleet, replaces the Airbus A340-300 on the Auckland route.
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Old November 4th, 2016, 05:53 AM   #3389
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Cathay Pacific A350-941 B-LRD departing Ho Chi Minh City (SGN) for Hong Kong (HKG) as CX766


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Old November 6th, 2016, 06:34 PM   #3390
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Old November 11th, 2016, 04:02 AM   #3391
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Swire Pacific says lower Cathay profit to hit full-year earnings
HK-listed conglomerate hints of adverse effects from impairment charges and lower profit at its aviation unit on consolidated underlying profit
November 10, 2016
South China Morning Post Excerpt

Hong Kong-listed conglomerate Swire Pacific said on Thursday that it expects lower full year profit as its aviation unit Cathay Pacific continued to post profit declines during the second half of the year due to overcapacity and stiff competition.

Swire said Cathay, in which it holds a 45 per cent stake, was unlikely to post better second half earnings as it suffered an 82 per cent drop in interim profit.

“Passenger yields will remain under pressure. Cargo demand will continue to be affected by overcapacity and economic fragility. The benefit from lower fuel prices will continue to be partially offset by fuel hedging,” it said in a statement on Thursday.

Swire Pacific, whose businesses range from aviation, property, trading and marine services, did not disclose the expected decline in its full-year profit. The company had in August said that its underlying profit, which excluded property revaluation items, fell by HK$1.28 billion or 27 per cent to HK$3,55 billion. It attributed the poor performance to poor results from its various units and the absence of profits from sale of units at its luxury residential development Opus Hong Kong in Mid-Levels during the period.

Analysts, however, did not express surprise at the profit warning in view of the disappointing Cathay Pacific interim results.

“The Cathay business will continue to be an overhang on Swire’s profitability. Other sectors such as property are doing well,” said Kenny Tang, chief executive of Junyang Securities.

In August, Asia’s biggest international airline said reported net income for the six months to June fell 82 per cent to HK$ 353 million as losses from jet-fuel hedges increased and competition with Chinese carriers cut passenger yields.

Swire Pacific flagged the gloomy outlook as significantly higher losses were expected at its Hong Kong Aircraft Engineering’s Haeco Americas unit in the second half of this year. Losing some seat contracts and the costs of closing down its line services business weighed heavily on Haeco’s profitability, it said, adding that the unit was likely to incur impairment charges of HK$280 million against the profit for 2016. “Swire Pacific’s share of these impairment charges amounts to HK$210 million,” it said.

The company said it also incurred impairment charges of about HK$2.31 billion at its Swire Pacific Offshore unit that would also be offset against the full-year profits.

Swire said all these factors would have “a material adverse effect on the consolidated underlying profit attributable to the shareholders for 2016.” But other businesses in property, beverages and trading and industrial divisions remain broadly stable.
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Old November 18th, 2016, 05:31 PM   #3392
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Cathay Pacific releases combined traffic figures for October 2016
Press Release Excerpt
16 Nov 2016

Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for October 2016 that show a decrease in the number of passengers carried and an increase in the amount of cargo and mail uplifted compared to the same month last year.

Cathay Pacific and Dragonair carried a total of 2,759,982 passengers last month – a decrease of 2.9% compared to October 2015. The passenger load factor dropped by 2.6 percentage points to 81.5%, while capacity, measured in available seat kilometres (ASKs), increased by 0.2%. In the first ten months of 2016, the number of passengers carried rose by 1.3% compared to a 3.0% increase in capacity.

The two airlines carried 172,385 tonnes of cargo and mail in October, an increase of 5.3% compared to the same month last year. The cargo and mail load factor rose by 1.6 percentage points to 68.1%. Capacity, measured in available cargo/mail tonne kilometres, increased by 0.6%, while cargo and mail revenue tonne kilometres (RTKs) increased by 3.2%. In the first ten months of 2016, the tonnage carried rose by 2.2% against a 0.5% increase in capacity and there was an increase of 0.4% in RTKs.

Cathay Pacific General Manager Revenue Management Patricia Hwang said: “The decrease in passenger traffic during October was partly caused by Typhoon Haima, which led to the cancellation of more than 200 flights. A drop in overall passenger volumes is a worrying trend, as is the fact that booking growth failing to keep pace with the increase in capacity. Reduction in the number of passengers carried on North American routes was a result of softer demand from the USA and other key sales areas. On a brighter note, our premium cabins saw a revenue and load factor improvement thanks to the Canton Fair in Guangzhou. Meanwhile, yield continues to come under intense pressure due to excess capacity in the market.”
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Old November 22nd, 2016, 07:10 PM   #3393
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Source : http://pic.feeyo.com/posts/639/6394313.html

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Old November 23rd, 2016, 04:53 PM   #3394
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Cathay Pacific Statement on flight CX250/22 November
Press Release Excerpt
23 Nov 2016

Cathay Pacific Flight CX250 from London Heathrow to Hong Kong (which departed at 18.02 local time on 22 November) was diverted to Novosibirsk International Airport in Russia approximately six hours into its journey due to a signal in the flight deck that indicated a possible fire in the aft cargo hold. At this time there is no evidence that there was a fire in the aft cargo hold.

The safety of our passengers and crew is our top priority. There are no reports of any injuries among the 212 passengers and 18 crew who were onboard the aircraft, a Boeing 777-300ER.

Cathay Pacific has arranged another aircraft, which departed from Hong Kong International Airport at 15.47 local time to help the passengers and crew to fly to Hong Kong. Carrying replacement crew, engineers and ground staff, the flight is expected to arrive in Novosibirsk at approximately 21.30 local time. The return flight is expected to depart at around 00.30 local time.
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Old December 4th, 2016, 05:23 AM   #3395
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Cathay Pacific announces 2 per cent pay rise for non-managerial staff
Flight attendants’ union accepts increase given airline’s bad financial prospects and fact that managerial staff will have pay frozen
December 2, 2016
South China Morning Post Excerpt

Cathay Pacific Airways announced on Friday a 2 per cent pay rise for all non-managerial staff for the coming year, while managers will face a freeze due to a “very difficult financial environment”.

The decision will benefit some 14,000 Cathay staff based in Hong Kong.

The airline also announced a 13th month bonus payment for all staff based in Hong Kong except for those who join the company around the end of the year.

The decision came after the 7,200-member cabin crew union demanded a 5 per cent rise. The Flight Attendants Union said it would accept the deal.

“We feel there is no alternative [but to accept],” union chairwoman Dora Lai Yuk-sim said. “In the past, managers enjoyed the company’s gains more than frontline employees did. This time we can see the company’s sincerity and determination to ride over the hard time with us by freezing senior staff salaries.”

In a written announcement, Cathay chief executive Ivan Chu Kwok-leung said the company had seen a “significant drop” in revenue due to factors such as pressure on investment returns, excessive capacity and a decline in premium traffic.

“We believe that 2017 will remain challenging with the same adverse factors having a continued impact on our business,” Chu said.
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Old December 12th, 2016, 01:22 PM   #3396
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Cathay Pacific to boost UK connectivity with additional flights to Gatwick and Manchester
Press Release Excerpt
12 Dec 2016

On the back of strengthening demand for flights connecting Hong Kong and the United Kingdom, Cathay Pacific today announced that its current four-times-weekly service to Gatwick will become a daily operation from June 2017. In a further boost to the airline’s UK connectivity, Manchester will see the addition of a fifth weekly flight and become an all Airbus A350-900 operation in June.

Gatwick

The airline’s current four-times-weekly Gatwick service, which utilises the Airbus A350-900, will become a daily operation from 1 June, highlighting the popularity of the route since its September launch. Together with the airline’s services to Heathrow, Cathay Pacific will operate up to six daily non-stop flights between Hong Kong and London next year – more than any other carrier.

Manchester

Manchester, which was launched just two years ago, will receive one additional flight per week from Hong Kong, increasing the operation to a five-times-weekly service from 2 June. At the same time, the A350 will replace the Boeing 777-300ER on all flights to the northern English city, making it the second Cathay Pacific destination in the UK, after Gatwick, to receive the technologically-advanced aircraft.

Featuring the airline’s newest products in Business, Premium Economy and Economy Class, the A350 encapsulates Cathay Pacific’s brand promise of a “Life Well Travelled”. In addition to the latest seats and an enhanced inflight entertainment system, the aircraft is Wi-Fi equipped, meaning passengers can stay connected throughout their journey.
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Old December 15th, 2016, 02:46 PM   #3397
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Cathay Pacific releases combined traffic figures for November 2016
Press Release Excerpt
15 Dec 2016

Cathay Pacific Airways today released combined Cathay Pacific and Cathay Dragon traffic figures for November 2016 that show a decrease in the number of passengers carried and an increase in the amount of cargo and mail uplifted compared to the same month last year.

Cathay Pacific and Cathay Dragon carried a total of 2,636,525 passengers last month – a decrease of 5.1% compared to November 2015. The passenger load factor dropped by 1.4 percentage points to 83.5%, while capacity, measured in available seat kilometres (ASKs), decreased by 2.3%. During the first eleven months of the year, the number of passengers carried rose by 0.7% compared to a 2.5% increase in capacity.

The two airlines carried 167,520 tonnes of cargo and mail in November, an increase of 4.6% compared to the same month last year. The cargo and mail load factor rose by 1.1 percentage points to 68.1%. Capacity, measured in available cargo/mail tonne kilometres, decreased by 1.9%, while cargo and mail revenue tonne kilometres (RTKs) decreased by 0.2%. In the year to the end of November, the tonnage carried rose by 2.5% against a 0.3% increase in capacity and there was an increase of 0.3% in RTKs.

Cathay Pacific General Manager Revenue Management Patricia Hwang said: “The decrease in passenger traffic during November was expected as we operated fewer flights primarily to complement the cutover of the new air traffic control system at Hong Kong International Airport. November is traditionally a peak month for corporate travel, and while we did see some positive movement in this area, demand proved softer than in previous years. Sales in the United States were impacted by the presidential election, while Mainland China sales continued to weaken as a result of overcapacity in the market. Competition remains intense, with yield under considerable pressure.”
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Old December 24th, 2016, 01:10 PM   #3398
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Cathay will cancels its flights to Riyadh next March
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Old December 25th, 2016, 12:12 AM   #3399
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Cathay Pacific and Air Canada to introduce codeshare services and reciprocal mileage accrual and redemption benefits in strategic co-operation
Press Release Excerpt
22 Dec 2016

Cathay Pacific and Air Canada today announced they have finalised a strategic co-operation agreement that will enhance travel services for Cathay Pacific customers when travelling within Canada and for Air Canada customers travelling via Hong Kong to Southeast Asian countries including the Philippines, Malaysia, Vietnam and Thailand.

Cathay Pacific and Air Canada customers will be able to book travel to their final destination on a single ticket with through-checked bags as well as enjoy reciprocal mileage accrual and redemption benefits. Tickets will go on sale 12 January 2017 for travel beginning 19 January 2017.

Cathay Pacific customers will be able to book travel on Air Canada flights connecting with Cathay Pacific’s up to three daily flights to Vancouver and up to two daily services to Toronto from Hong Kong. Cathay Pacific will place its code on Air Canada flights to all major cities across Canada including Winnipeg, Victoria, Edmonton, Calgary, Kelowna, Regina, Saskatoon, Ottawa, Montreal, Quebec, Halifax and St. Johns.

Air Canada will offer codeshare services to an additional eight cities in Southeast Asia on flights operated by Cathay Pacific and Cathay Dragon connecting with Air Canada’s double daily services to Hong Kong from Toronto and Vancouver. Air Canada will place its code on Cathay Pacific and Cathay Dragon flights to Manila, Cebu, Kuala Lumpur, Ho Chi Minh City, Hanoi, Bangkok, Phuket and Chiang Mai.

When travelling on these services, members of Cathay Pacific’s travel and lifestyle rewards program, Asia Miles, and Air Canada’s loyalty program, Aeroplan, will be eligible to earn and redeem miles on the above mentioned codeshare routes.
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Old December 26th, 2016, 12:12 AM   #3400
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12222016_Cathay Pacific Cargo_B-LJH_B748F_PANC_NAEDIT by Nathan Coats, on Flickr
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