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Old October 25th, 2008, 06:19 PM   #1201
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Privacy chief rules out Cathay data appeal
25 October 2008
South China Morning Post

The Privacy Commissioner will not appeal against a court ruling over Cathay Pacific collecting medical data from cabin crew after the airline agreed to seek workers' consent for the release.

Commissioner Roderick Woo Bun made the decision yesterday, a month after the High Court overturned the commission's earlier ruling and allowed the company to ask flight attendants who often call in sick for their medical records.

Last year Mr Woo found the practice was unfair because Cathay threatened to sack cabin crew who refused to supply medical data.

"Cathay Pacific's agreement to make changes to its procedure will effectively remove the core concern [the threat] that led me to my earlier determination made in the investigation," Mr Woo said.

After last month's judgment, the commission discussed the issue with the airline, which promised to revise its attendance monitoring, making it clear that if staff were unwilling to disclose data they would be given an opportunity to explain why the requested consent was withheld.

"Only if and when the cabin crew member fails to give consent and cannot provide any reasonable explanation will disciplinary proceedings be triggered," Mr Woo said.

But he said not all companies could ask for workers' medical records. "It is an individual case based on the nature of the airline business. The company needs to ensure the health of its crew members under flight regulations, and it was written in the employment contract."

Cathay Pacific said the court had recognised the airline's need to seek information under its attendance monitoring programme and to inform cabin crew why this was necessary. It said "we are pleased that the final outcome supports our view".

But Becky Kwan Siu-wah, chairwoman of the Flight Attendants' Union, was shocked by the decision. "The commission should protect the privacy of all Hong Kong people."

Cathay Pacific Airways Flight Attendants' Union committee member Kaman Ho ka-man said: "What matters is not how they ask us to do it but why they ask us ... We are already required to offer a sick leave certificate each time after taking a day off due to illness."
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Old October 26th, 2008, 04:49 PM   #1202
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Old October 28th, 2008, 02:10 PM   #1203
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Cathay Pacific: Currency Swings Wipe Out 2008 Exchange Gains
27 October 2008

HONG KONG (Dow Jones)--Cathay Pacific Airways Ltd. (0293.HK) Chief Executive Tony Tyler said recent currency swings have almost completely wiped out the airline's foreign exchange gains this year, in a development that will likely hit growth in full-year passenger revenue.

Tyler said in his weekly note to Cathay Pacific staff over the weekend that he expects the Hong Kong-based carrier to post an exchange loss by November.

'Exchange gains have been helping our passenger revenue a lot this year, but they fell to just 1% last week,' Tyler said in the e-mail message.

'Recent currency swings mean we can expect a negative currency variance next month.'

Cathay Pacific has benefited from the U.S. dollar's earlier decline against major currencies. The airline reports in Hong Kong dollars, which is pegged to the U.S. currency at HK$7.80.

Consequently, the carrier would recognize an exchange gain from passenger revenue derived in other currencies as the U.S. dollar and Hong Kong dollar declined in value.

In May, Cathay Pacific Chief Operating Officer John Slosar said exchange gains have helped lift the airline's revenues on routes to Europe and Australia.

But since mid-July, the U.S. dollar has risen sharply, appreciating 58.6% against the Australian dollar, 32% against the British pound, and 30% against the euro.

In the first half, Cathay Pacific's total revenue rose 23% to HK$42.45 billion, up from HK$34.63 billion a year earlier.

The airline reported a net loss during the period to HK$663 million, as record jet fuel prices offset strong passenger demand.

Even as fuel prices have since declined substantially, the airline has said it doesn't expect its operating environment to improve as passenger demand slows.

The airline said earlier this month advance bookings continued to fall, particularly for the lucrative first- and business-class traffic, as the global financial crisis has cut demand for corporate travel.
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Old October 29th, 2008, 11:29 AM   #1204
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Inflight sales rise sharply at Cathay Pacific


Cathay Pacific Airways has achieved record-breaking results for five years in a row and says continuous innovation, strong support from senior management and working closely with concessionaire Inflight Sales Group have been crucial.

Cathay Pacific logistics manager Camilla Taylor told delegates at an airline workshop at the TFWA World Exhibition in Cannes on October 28: “Variety is the key driver for the sale of duty-free and we need a broad range of products available to our customers. We now carry a collection of 250 products on board and we have 290 items on our website, representing a 13% increase compared with 2007.

She said that in 2009 the airline plans to introduce a new product programme every quarter and is looking for opportunities to promote inflight duty-free to its premium passengers with dedicated leaflets for first- and business-class.

“The strategy has helped to increase the number of visitors to the site by 15% this year,” she said. “Our website is an important channel that allows passengers to browse our catalogue before they fly and pre-order items so they can be delivered to their seat when they depart from Hong Kong. Pre-ordering has helped us expand our collection to include more premium products that were previously regarded as too risky to carry on board for fear of loss or damage. It is convenient for our passengers and it helps the airlines to know that items they have brought on board will be sold, addressing fuel costs and environmental considerations. This helps to increase our revenue per kilogram ratio and therefore makes our operation more efficient.”
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Old October 29th, 2008, 07:27 PM   #1205
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Old October 31st, 2008, 01:31 PM   #1206
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Very nice photos.
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Old October 31st, 2008, 01:31 PM   #1207
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Cathay Pacific announces introduction of self-print boarding pass service


Oct 29, 2008 (AIRLINE INDUSTRY INFORMATION via COMTEX) -- CPCAY | Quote | Chart | News | PowerRating -- Cathay Pacific Airways has reported the introduction of a Self-Print Boarding Pass service for customers departing from Hong Kong International Airport.

The self-print boarding passes will be launched on 3 November and will enable passengers to check in 48 hours in advance for flights scheduled to depart after 03:00 (Hong Kong time) on that day.

Customers using the airline's Online Check-In facility will be able to print their own boarding passes out using normal printers, on A4 paper in either black and white or colour. This will eliminate the need for passengers to queue at check-in counters in order to receive their boarding passes.

The following passengers will not be able to use the self-print boarding pass service: those with onward connections, those required to present a credit card at check-in for verification, unaccompanied minors, those requesting wheelchair services, those paying child or senior citizen fares, infants travelling with infant tickets and those who have purchased air fare in conjunction with ferry tickets.
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Old October 31st, 2008, 03:22 PM   #1208
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Cathay to sell 5 Boeing jets, sees tough outlook
Fri Oct 31, 2008 7:05am EDT

HONG KONG, Oct 31 (Reuters) - Cathay Pacific (0293.HK: Quote, Profile, Research, Stock Buzz) plans to "dispose of" or sell five Boeing (BA.N: Quote, Profile, Research, Stock Buzz) 777-200 aircraft and warned of slowing bookings in the rest of 2008, according to an internal report, as the carrier scrambles to cut costs in a worsening travel and aviation environment.

In a report obtained by Reuters, Asia's fifth-largest airline stressed however that the capacity lost would be replaced eventually and it would continue to grow its fleet.

Chief Executive Tony Tyler admitted in the report that the cash from a sale would come in useful, but added the airline was not certain a deal could go through in the current weak climate.

A Cathay spokeswoman declined to comment on the report.

"The outlook remains very challenging with continued stress on the premium segment and weakening demand in the economy cabin. This means consistently weaker forward bookings for the rest of the year compared to 2007," Tyler said in the report.

Cathay also said that in the week ended Oct 25, net revenue from passenger services, cargo and mail and excess baggage came in 4.4 percent below an unspecified target.

Aviation analysts warned this week that Asian airlines will fail as tourism in the region slows and a worsening global economic outlook leads carriers such as Singapore Airlines (SIAL.SI: Quote, Profile, Research, Stock Buzz) to cut back flights. [ID:nSIN353347]

The financial crisis is moving into the real economy as layoffs hurt consumer sentiment, leading airlines from China to India to post losses or layoff staff and hoteliers to focus on budget travellers as the luxury market takes a hit. (Reporting by Joanne Chiu, editing by Jeffrey Hodgson)
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Quoted from: http://www.reuters.com/article/rbssA...29738120081031
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Old November 1st, 2008, 06:59 PM   #1209
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Old November 2nd, 2008, 06:43 AM   #1210
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Old November 3rd, 2008, 04:32 AM   #1211
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Debate takes off as Dragonair pilots are stripped of their hats
1 November 2008
South China Morning Post

Dragonair pilots have been stripped of their hats in a sartorial subtraction that some of the airline's 400 cockpit crew warn may also decrease their professional prestige.

But others are delighted they need no longer wear the peaked hats which they say were uncomfortable and made them look "like South American generals".

Hong Kong's No2 airline told pilots at the end of October to turn in their hats. The announcement - which Dragonair insists is in no way linked to cost-cutting although each hat costs around HK$500 - has generated colourful debate among pilots.

"There are some who are worried it will give us less presence," said a senior Dragonair pilot. "As for the rest of us, we're thinking of having a party to give the hats a send-off. They were too hot and most pilots just carried them under their arm."

Other pilots agreed, with one saying: "The hats are nothing but a joke and a leftover from the air force days. I personally hated going around looking like a demented South American general."

But some pilots said they feared that seeing cockpit crew without hats would harm passenger confidence and undermine a captain's authority.

One said on an online forum: "Passengers have said [in studies] they felt there was a certain amount of security in seeing a pilot in full uniform. They felt it reflected the attention and care in his job."

Another said the captain's hat "distinguishes the pilot as the captain in order to take control of emergencies and evacuations". One pilot said wearing the uniform and hat created a sense of pride, adding: "Throw out your uniform with your manners, dignity and the rest, and we'll look like a shower of nobodies."

A spokeswoman for Dragonair said: "The decision was taken solely on the basis of practicality and has been well received by pilots."

A spokeswoman for Cathay Pacific, whose pilots still wear hats as part of their uniform, said there were no plans for Hong Kong's biggest airline to follow Dragonair's lead.
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Old November 4th, 2008, 05:22 PM   #1212
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Old November 5th, 2008, 03:35 PM   #1213
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Cathay Pacific Airways Expects Disappointing 2008 Results
5 November 2008

HONG KONG (Dow Jones)--Cathay Pacific Airways Ltd. (0293.HK) said late Wednesday it expects to post disappointing 2008 results due to fuel hedging losses and weak revenue, though it said falling fuel prices will help.

The company said in a statement its unrealized mark-to-market losses on fuel hedging contracts totaled HK$2.8 billion as of Oct. 31. It said it expects total expenditure on fuel this year to be around HK$40 billion, up from HK$24.62 billion in 2007.

The company reported a first-half net loss of HK$663 million, compared with a net profit of HK$2.58 billion a year earlier, as record jet fuel prices outweighed strong passenger demand.

The airline posted a net profit of HK$7.02 billion in 2007, up 72% from HK$4.09 billion in the previous year.
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Old November 7th, 2008, 04:52 AM   #1214
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Analysts tipping a full-year net loss for Cathay Pacific
Hong Kong Standard
Friday, November 07, 2008

Cathay Pacific Airways (0293) may report a full-year net loss on worsened income in all segments, after the carrier warned of disappointing yearly earnings on Wednesday, analysts said.

The Hong Kong-based carrier's stock fell 14.3 percent to HK$8.08 yesterday after dropping to HK$7.85 earlier.

Cathay blamed reduced passenger and cargo traffic, a strong US dollar and an unrealized fuel hedging loss of HK$2.8 billion for eroding net income.

"We believe the decline in premium travel will have a more negative impact on the carrier's yield and revenues, and will hit net earnings much harder," said Morgan Stanley aviation analyst Chin Lim.

Lim estimated Cathay to lose HK$406 million this year which may extend to HK$1.376 billion next year on a global recession outlook. "We believe it is too early to buy Cathay shares," Lim added.

Merrill Lynch forecast a net loss of HK$365 million for the carrier this year on deteriorating ticket income in all classes. It pointed out that the unrealized hedging loss has little impact, as other airlines are also posting similar one-off, non-cash deficits.

Credit Suisse expects Cathay to continue posting earnings loss in the second half as falling travel demand will more than offset slumping oil prices.

Analysts at Goldman Sachs expect a downward revision of their Cathay earnings estimates and target price.
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Old November 7th, 2008, 07:47 PM   #1215
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Source : http://www.fotop.net/chick/20081014/





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Old November 9th, 2008, 05:35 AM   #1216
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By DASHENG from HKADB :





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Old November 10th, 2008, 05:03 PM   #1217
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Pilot keeps job after drunken tomfoolery
9 November 2008
South China Morning Post

A Cathay Pacific pilot convicted of stealing an Octopus machine from a McDonald's restaurant on a drunken night out has managed to keep his job.

Australian Nicholas Reymond, 31, was hauled before a disciplinary hearing after being fined for taking the card-reading machine out of the McDonald's in February.

Mr Reymond was captured on surveillance cameras and arrested after the incident, at the end of a night out drinking with two friends.

The pilot, who is in training to become a first officer, was fined HK$3,000 and ordered to pay McDonald's HK$3,000 in compensation after pleading guilty to theft.

Mr Reymond, whose drunken stunt made headlines in Hong Kong and Australia, feared he would lose his job for bringing the airline into disrepute. Instead, he was cautioned and handed an undisclosed penalty that sources say will delay his promotion at Cathay.

When Mr Reymond appeared in Eastern Court last month, a letter from a senior Cathay pilot praised him for his professionalism, and magistrate Garry Tallentire said he hoped the incident would not affect his career.

A Cathay spokeswoman said after last week's hearing: "We can confirm that Nicholas Reymond is still employed as a pilot and is now back on duty. He has been party to a disciplinary hearing but details of the company's internal disciplinary proceedings will not be disclosed to the public."

A fellow pilot at Cathay said: "We're all relieved at the outcome. Nick is a popular guy and a good pilot, and what happened was nothing more than an instance of drunken larking about."

A spokesman for the Aircrew Officers Association, which helped represent the pilot at the disciplinary hearing, said: "Mr Reymond was interviewed by management as part of the recognised disciplinary and grievance procedure. He has been disciplined but has not been dismissed and the matter is now closed.

"The company management took account of all relevant factors, including Mr Reymond's sincere apologies and his previous unblemished record. We appreciate the understanding shown by management in allowing a junior officer to continue his career."

Mr Reymond's conviction came a month after another Cathay pilot, senior first officer David Chan, 33, appeared in court charged with murder after a seaside brawl at Big Wave Bay.

Chan was charged with seven other suspects after a 36-year-old man died in the brawl. The charge against him was downgraded to one of wounding with intent on October 31 and he has been off duty since his arrest.
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Old November 11th, 2008, 06:05 AM   #1218
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Cathay Pacific tightens belt for economic hard landing
11 November 2008
South China Morning Post

Cathay Pacific tightens belt for economic hard landing

Companies of all shapes and sizes have started to tighten their belts as economic conditions worsen. And Cathay Pacific Airways has entered the fray, coming up with some creative ways to cut costs.

A recent Cathay memo advised staff on duty travel to consider using showers at airport facilities instead of hotels, for example.

Staff members were also urged to schedule meetings at company facilities and encourage their clients and other non-Cathay attendees to travel to meet them whenever possible.

"All responsible companies are taking some sort of cost-control measures," a Cathay spokeswoman told Lai See.

"It's just more of a reminder to staff to think about the need for something like a business trip before they go on one."

A small consolation for clients may be that this gives them a chance to accumulate more Asia Miles - assuming, of course, that they fly Cathay to the meetings.
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Old November 12th, 2008, 03:24 AM   #1219
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Cathay Pacific Confirms Hiring Freeze At Co, Dragonair Unit
11 November 2008

HONG KONG (Dow Jones)--Cathay Pacific Airways Ltd. (0293.HK) confirmed a hiring freeze for the airline and its unit, Hong Kong Dragon Airlines Ltd., as part of several cost-cutting measures to deal with reduced demand resulting from the global financial crisis.

Cathay Pacific Chief Executive Tony Tyler said in a staff newsletter the hiring suspension took effect Oct. 24, and he added the airline aims to adjust its operating plan for next year in anticipation of a weak market for air travel.

However, he said he remains upbeat about the long-term outlook of the region's aviation market.

"I remain unashamedly optimistic about the future of aviation in Asia - just think of the potential in China and India alone," Tyler said in the newsletter, which was published Tuesday.

The airline's plans to cut costs include the removal of five Boeing 777-200 passenger aircraft from service over the next two years, as well as returning two of Dragonair's Airbus A330 aircraft to their owners when the leases expire in June.

Tyler said the removal of the 777-200s, which include the first 777 ever built, will help Cathay Pacific simplify its fleet structure, adding "if we do manage to sell them the cash will come in very useful."

Cathay Pacific said last month it expects "disappointing" 2008 results due to a significant slowdown in passenger demand and an appreciating U.S. dollar, which resulted in a reduction in foreign exchange gains.
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Old November 12th, 2008, 10:07 AM   #1220
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Cathay says passenger growth falls sharply behind capacity growth


HONG KONG (AFP) — Hong Kong's Cathay Pacific said Wednesday an increase in passenger growth for October was much lower than its increase in capacity during the month, normally a busy period for corporate travel.

The airline said in a statement that it and its affiliate Dragonair carried a total of 2,091,339 passengers in October, up 2.6 percent year on year but some way behind its 11.6 percent growth in capacity.

For the year to October, the number of passengers surged 9.2 percent, compared with a 14.2 percent rise in capacity, which is measured in available seat kilometres -- when a seat that is available is flown one kilometre.

Cargo traffic for the month dropped 7.4 percent to 144,466 tonnes, while capacity fell 2.6 percent, compared to a year ago.

Tom Owen, Cathay's general manager in revenue management, said the airline's outlook remained challenging as passenger demand to and from Hong Kong remained depressed, particularly on the corporate sales side.

"October is traditionally one of the busiest months for corporate travel but the peak didn't materialise this year," he said.

"We also continue to see the fallout from the financial crisis on the most long-haul routes as well as regionally, reflecting a tightening of corporate travel policies and reduced travel for both business and leisure."

Cathay issued a profit warning last week on the back of a slowdown in passenger demand and losses on fuel hedging contracts.
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