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Old January 23rd, 2009, 04:45 PM   #1281
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Old January 23rd, 2009, 05:05 PM   #1282
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HK civil aviation gives nod to airlines to reduce their fuel charge in Feb.

I already made booking to Dubai this March.. so price will be reduced ?
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Old January 24th, 2009, 06:08 AM   #1283
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Old January 26th, 2009, 08:15 AM   #1284
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Cathay Pacific boosts services to Paris, Shanghai and Jakarta
23 January 2009
Press Release

Cathay Pacific Airways today announced that it will increase the number of flights it offers to three key destinations – Paris, Shanghai and Jakarta – in response to sustained customer demand. The service enhancements will be introduced in the airline’s summer schedule, which comes into effect on 29 March 2009.

An additional four flights a week will be added to and from Paris – departing Hong Kong every Monday, Tuesday, Thursday and Saturday – meaning the airline will provide a double-daily service to the French capital.

In another change effective from the summer schedule, Cathay Pacific will add two more flights each day to Shanghai’s Pudong International Airport, with early- and late-afternoon departures from Hong Kong, taking the airline’s total to three flights daily.
For Jakarta, the existing twice-daily service from Hong Kong will be supplemented by three more flights a week, departing Tuesday, Friday and Sunday and departing from the Indonesian capital late the same day.

Cathay Pacific Director Corporate Development Ian Shiu said: “We are pleased to be able to strengthen our services to these three cities and I’m sure passengers will appreciate the additional choice and increased convenience when planning their journeys. Overall, Cathay Pacific’s capacity will grow at less than 1% this year – a significant reduction on our original plan as a result of the current financial crisis – but we will take whatever opportunities we can to strengthen those routes where demand and revenue potential remain high.”
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Old January 27th, 2009, 12:09 PM   #1285
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CATHAY PACIFIC REDUCES PASSENGER FUEL SURCHARGE


KUALA LUMPUR, Jan 26, 2009 (AsiaPulse via COMTEX) -- CPCAY | Quote | Chart | News | PowerRating -- Cathay Pacific Airways (SEHK: 0293), Friday announced a reduction in its fuel surcharge following an adjustment to levels approved by the Hong Kong Civil Aviation Department (CAD).
The adjustment represents reductions of about 44 percent from the current surcharges of HK$108 (US$13.92) for short-haul and HK$499 for long-haul services, the airline said in a statement Friday.

The new surcharges of HK$61 for short-haul services in North and South East Asia and HK$280 for long-haul services, would apply from Feb 1 until March 31 this year.

Most major airlines currently levy a fuel surcharge of up to more than US$80 per short-haul sector, while surcharges of between US$100 and US$200 for long-haul flights are not uncommon, it said.

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Old January 28th, 2009, 06:02 PM   #1286
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Old January 29th, 2009, 05:48 PM   #1287
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Cathay Pacific offers All Asia Pass
29 January 2009
Airline Industry Information

Cathay Pacific Airways has announced that it is offering an All Asia Pass, which allows customers to visit several destinations in Asia over a period of three weeks.

The All Asia Pass includes Economy round-trip travel from Los Angeles, New York or San Francisco to Hong Kong, plus 21 consecutive days of travel to up to four other destinations from a choice of 24 cities in Asia.

Hanoi has recently been added to the list of possible destinations. The others are: Bangkok, Busan, Cebu, Denpasar, Fukuoka, Ho Chi Minh City, Hong Kong, Jakarta, Kaohshiung, Kota Kinabalu, Kuala Lumpur, Manila, Nagoya, Osaka, Penang, Phuket, Phnom Penh, Sapporo, Seoul, Singapore, Surabaya, Taipei and Tokyo.

Prices start at USD1,499 for travel to Hong Kong and two other cities; USD1,799 for travel to Hong Kong plus three other cities; and USD2,099 for travel to Hong Kong plus four other cities. The pass is eligible for Asia Miles.

Departure dates are from 8 February to 17 May and from 17 August to 9 December 2009. Summer travel, extension options up to 90 days and departures from other US gateway cities are available at extra cost. Add-on destinations are also available to selected cities in Bangladesh, China, India, Nepal and Vietnam.
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Old February 1st, 2009, 04:09 PM   #1288
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Old February 2nd, 2009, 08:31 AM   #1289
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Plane speaking from a merger sceptic
Tony Tyler Chief executive Cathay Pacific Hong Kong's chief pilot tells Alistair Osborne why an airline can be part of Oneworld without doing a deal with BA

31 January 2009
The Daily Telegraph

TONY Tyler would like to make one thing clear. He's not trying to cook up any sort of deal with British Airways.

The Cathay Pacific chief executive has been out on a limb lately. Just about every other major airline in the Oneworld alliance has been having a tte--tte with Willie Walsh, the BA boss.

Spain's Iberia and American Airlines are still at it, one plotting an all-share merger, the other seeking anti-trust immunity for a transatlantic tie-up. That's on top of BA's recent outback adventure with the Flying Kangaroo, where talks were on and off in one bound.

When BA's discussions with Qantas first leaked, all the banking advisers were in Hong Kong, giving fresh legs to the old story that the UK flag-carrier was also sounding out Cathay.

"I don't know how those rumours started,'' says Tyler, 53. "We've never seriously sat down and talked to them [BA] about anything like that.'' Besides, he adds: "They couldn't afford us.''

He's right. Cathay is currently worth twice as much as BA. "A predator who wanted us would have to be pretty big and have a strong digestive system,'' he says. "We're more likely to be predator than predatee.''

Whatever, Tyler doesn't share the urge to merge. "I'm a bit of a sceptic about cross-border consolidation,'' he says. "Whenever there's a downturn in the industry, the pundits say this is going to change the world and there's going to be consolidation.''

Mergers, he reckons, are tough enough within territories. Both Air France/KLM and Lufthansa/Swiss, as he points out, had to be structured to preserve national identities and hence the flying rights agreed by sovereign states. "Other countries still insist it is Swiss that flies in, not Lufthansa.'' he says.

As for BA/Qantas? "It had a lot of challenges. I was always sceptical whether they would achieve it, though the news that they were no longer talking came rather quicker than I thought.''

His scepticism is partly explained by Cathay's location. "If you look at regions like Asia where most airlines are government-owned or controlled or in quasi-government ownership, I think it's very unlikely we are going to see much cross-border M&A activity within our industry.''

Cathay is no M&A phobe. Tyler's predecessor, Philip Chen, acquired regional carrier Dragonair in 2006 and Cathay and Air China also have reciprocal stakes of about 18pc in each other.

"At the moment the focus is greater China,'' says Tyler, a product of Swire, the London-based family group that controls Cathay. "One day the world will consolidate, I'm not a dinosaur saying it will never happen. But I am sceptical that it will any time soon.''

Anyway, like all airline chiefs, Tyler is focused on the economic headwinds that have triggered two recent Cathay profits warnings.

Is the current turbulence the worst he has ever seen? "It's not worse than SARS,'' he says, when the World Health Organisation put a temporary ban on travel to Hong Kong. "But SARS was obviously not going to last for ever. The prospects now are certainly the worst I've ever experienced and the Asian financial crisis was bad too. In 1998 our revenues dropped 18pc. Time will tell if 2009 will be that bad.''

Cathay, he admits, is "very exposed to financial services based in Hong Kong and that traffic has dried up very fast. Some bankers are still travelling, but by themselves rather than taking teams and corporate travel policy is pushing them towards the back of the plane.''

In response, Cathay has cut capacity growth for 2009 from 6pc-7pc to broadly flat and offered its 7,500 cabin crew unpaid leave. The cargo market has also nosedived, prompting Cathay to ground two freighters and postpone a new HK$4.8bn ( pounds 430m) Hong Kong freight terminal.

"We have taken capacity out without cutting destinations,'' he says. "The strategy is to keep the network intact because we are such a network airline. Half our passengers make connections in Hong Kong.''

Frequencies to cities including Vancouver and Los Angeles have been reduced, but Tyler does not want to chop any routes. "You say 'I've got a problem on route A so I'll chop that'. Suddenly, you find you've got problems on routes B,C,D and E,'' he says. Even so, he "won't rule out further reductions''.

The bright spot is China, which is oddly in recovery mode. "The China air travel market had a very difficult year in 2008,'' he says. "It started with bad weather, then the Sichuan earthquake and then the Beijing Olympics had a dampening effect. "Everyone always thinks big events are going to help airlines and hotels but the reality is that in the short term they don't. While the event is on, business travel completely dries up.''

Even so, Tyler is convinced China has a "great'' long-term future. Current revenue figures from the region "are better than anywhere else''.

Only stellar revenue growth is going to compensate for one local difficulty, however. One reason for the latest profits warning is that Cathay is taking a HK$7.6bn bath on its fuel hedging policy, having been caught unawares by an oil price yo-yoing from $30 a barrel to $147 and back again. Is he going to fire the finance director? I wonder. "No,'' he laughs. "The decisions on hedging are collective decisions.'' He reckons Cathay will not be the only airline to have loused up fuel hedging. "We are just the first to put our hand up.''

There's one other BA question. Martin Broughton, BA chairman, recently said that, if the UK airline failed to get approval for its tie-up with American, the Oneworld alliance could fall apart.

"I don't agree,'' says Tyler. "If they are not allowed to do this thing, Oneworld is no weaker than it is today. We've done all right for the last 10 years. Does it really make a lot of difference to Cathay Pacific if they don't get it? Not really.''

Tyler grins. "If he did say that then I respectfully disagree with him,'' he says. A disagreement? And they are not even in merger talks.

CV

Career Joined Swire & Sons in 1977; became Cathay chief operating officer in January 2005; chief exec in July 2007
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Old February 3rd, 2009, 05:34 PM   #1290
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Old February 4th, 2009, 03:51 PM   #1291
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Cathay says SARS worse than current crisis

MADRID, Feb 3 (Reuters) - Cathay Pacific Chief Executive Tony Tyler on Tuesday said the impact of SARS on the airline was worse than the global economic crisis.

But Tyler added that the impact of the economic crisis would last much longer than that of SARS.

"Sars was worse in that passenger levels collapsed. But equally, we knew it wasn't going to last forever," Tyler said during a conference in Madrid. "We now have lower yields and lower prices and that's helping a lot maintaining the overall financial positions."
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Old February 5th, 2009, 05:27 PM   #1292
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Source : http://www.fotop.net/chick







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Old February 6th, 2009, 08:34 PM   #1293
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Cathay Pacific adds Thai flights
6 February 2009
Bangkok Post

Despite relatively low passenger traffic because of the global economic downturn and Bangkok's airport crisis, Cathay Pacific and sister carrier Dragon Air are not cutting back on flights through Thailand.

Instead, they decided to raise their capacities through the kingdom in the summer travel season that starts at the end of next month on optimistic anticipation of a traffic rebound. Summer is usually a low travel period.

The decision came even though their service through Bangkok is the worst performer in the Hong Kong-based Cathay Pacific group's worldwide load factor that can reach highs of 80%.

Except for long holidays like Christmas and New Year and the Lunar New Year when seats are normally full, Cathay Pacific managed to fill only 50-60% of seats available through Bangkok.

Likewise, freight tonnage moved by Cathay Pacific through Bangkok plummeted by 30-40% against its load capacities as shipment requirements declined sharply.

Both passenger volume and cargo movements in the aftermath of the seizure of Bangkok's Suvarnabhumi airport have been lower than the same period last year.

But Aaron Chan, Cathay Pacific manager for Thailand, said the group is increasing its services to reflect its commitment to Thailand, its largest station outside Hong Kong.

The group operates numerous flights to five countries through Bangkok.

Starting at the end of next month, its sister carrier Dragon Air will increase the Hong Kong-Phuket route to nine flights a week from seven.

Cathay Pacific will also add a weekly flight on the Bangkok-Delhi route, increasing its frequency to seven flights a week, but decided to reduce the frequency on Bangkok-Mumbai to three flights a week from four.

The airline's trunk route of Bangkok-Hong Kong that it has operated for 62 years will remain unchanged at five flights per day.

Cathay Pacific operates a mixed fleet of wide-body aircraft on its service through Thailand with an average of 350 seats, including the Boeing 747, 777, Airbus A330 and A340 jetliners.

The airline faces an uphill task to fill seats to Thailand as many of its inbound passengers, who constitute the bulk of passengers carried through the Thai capital, continue to perceive Thailand as a risky place and a country to avoid, because of the airport seizure.

"People still travel, but they don't choose [to travel to] Thailand, and Hong Kong people instead go to places like Japan and South Korea," he said.

Though Suvarnabhumi airport was reopened after 10 days of closure on Dec 5, the fear of being stranded at Bangkok airports by political movements continues to haunt them, albeit with less intensity.

"If you look at the load factor (so far), it does not look like it changed a lot and the deteriorating economic crisis has made it worse," he said.

David Leung, regional director for the Hong Kong Tourism Board, agreed, saying in a separate interview that the airport closure and unsettled political issues in Thailand will prove to be a major impediment to reviving traffic there.

The tagline of the Tourism Authority of Thailand's current campaign in promoting the kingdom as a value-for-money destination is only a small part of bringing back tourists, according to Mr Chan.

The bottom line is for the country to be more active in rebuilding its battered international image and reviving confidence.
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Old February 8th, 2009, 03:35 PM   #1294
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Old February 9th, 2009, 10:09 AM   #1295
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Cathay Pacific lowers fuel surcharge on Vietnamese routes


Cathay Pacific Airways has reduced its fuel surcharge on the Hong Kong-Hanoi and Hong Kong-Ho Chi Minh City sectors.


The Hong Kong-based carrier said in a statement that the new surcharge, effective from February 1, is HK$61 (US$7.8), a 44 percent drop from the previous level of HK$108.

It is applicable only for the next two months and the carrier would continue to consider it from April, subject to the stability of the world fuel prices, Vivian Nguyen, public relations and marketing manager of Cathay Pacific Vietnam, told Thanh Nien Daily Wednesday.

The new surcharge is also applicable for Cathay Pacifics short-haul flights to other destinations in Northeast and Southeast Asia.

For long-haul flights, the carrier has reduced the surcharge to HK$280 ($35.9) from HK$499, also effective until March 31.
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Old February 9th, 2009, 12:29 PM   #1296
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^ Isn't that exactly the same as the Malaysian article on 27 Jan. Charges are being reduced across the board in the region?
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Old February 9th, 2009, 01:05 PM   #1297
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Where can I get the figures for Cathay Pacific's load factors on flights to Pakistan?

It's my favorite airline, BTW.
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Old February 9th, 2009, 04:05 PM   #1298
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Quote:
Originally Posted by siamu maharaj View Post
Where can I get the figures for Cathay Pacific's load factors on flights to Pakistan?

It's my favorite airline, BTW.
Regional figures though : http://www.cathaypacific.com/cpa/en_...0007d21c39____
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Old February 9th, 2009, 05:02 PM   #1299
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Quote:
Originally Posted by hkskyline View Post
^ Isn't that exactly the same as the Malaysian article on 27 Jan. Charges are being reduced across the board in the region?
You are right. It is exactly the same.
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Old February 11th, 2009, 06:15 PM   #1300
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HK carrier Cathay announces new cargo services
11 February 2009
Agence France Presse

Hong Kong carrier Cathay Pacific announced Wednesday it will expand its global freighter network with the launch of services to two new destinations in the United States.

The airline will add Miami and Houston on March 6 to its list of US freighter destinations, which already includes New York, Los Angeles and San Francisco.

The aviation industry has been suffering from weakened demand for travel and air cargo services since the financial crisis hit in the second half of last year.

"Our cargo business is currently facing a big challenge due to the worldwide economic downturn, making it all the more important to seek out new markets and find ways to develop our business over the long term," said Rupert Hogg, the company's director for cargo.

The new service, due to operate three times a week, follows the addition of Jakarta in Indonesia and Ho Chi Minh City in Vietnam to the Cathay Pacific freighter network in January.
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