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Old July 12th, 2009, 07:23 AM   #1481
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Old July 12th, 2009, 07:42 AM   #1482
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Old July 12th, 2009, 05:56 PM   #1483
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Old July 13th, 2009, 08:29 PM   #1484
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Cathay passenger, cargo figures slide due to swine flu
13 July 2009
Agence France Presse

Cathay Pacific suffered a 18.1 percent year-on-year drop passenger numbers in June, the company said Monday, as the swine flu outbreak has severely dampened appetite for travelling.

Combined passenger figures for the Hong Kong carrier and its affiliate Dragonair fell to 1.74 million last month, compared with June last year, the airline said in a statement.

For the year to date, the number of passengers carried has fallen 4.2 percent.

The drop in cargo traffic last month was the sharpest this year, the statement said. The two airlines carried a total of 124,000 tonnes of cargo and mail in June, down 10 percent from the same month last year.

Tonnage has fallen 15.4 percent for the year to date.

Tom Owen, Cathay's general manager for revenue management, said the figures in June were depressed by the ongoing economic downturn and the reluctance of passengers to fly because of the swine flu outbreak.

"The H1N1 situation had a particularly severe impact in our largest market, Hong Kong, and within the region, especially on Japanese routes," he said in the statement.

"Aggressive competition for Economy Class passengers in all markets continued to provide very few opportunities for sustainable yield improvement," he added.

More than 1,200 cases of swine flu were reported in Hong Kong, while Japan's tally of cases topped 2,000 last week. But no death has been reported in either.
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Old July 14th, 2009, 09:11 AM   #1485
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Old July 14th, 2009, 09:31 PM   #1486
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Cathay Pacific Records 18 Percent Drop In Passenger Volume
July 14, 2009 20:39 PM
> http://bernama.com.my/bernama/v5/new....php?id=425331

KUALA LUMPUR, July 14 (Bernama) -- Cathay Pacific Airways and its subsidiary Dragonair carried a total of 1,738,413 passengers in June 2009, a drop of 18.1 percent against the same month last year.

The load factor decreased 4.5 percentage points to 76.8 percent while capacity, measured in available seat kilometres, was down 9.1 percent, the airline said in a statement Tuesday.

Combined traffic figures of Cathay Pacific and Dragonair for June 2009 showed a sharp fall in passenger numbers compared to the same month last year, in part due to the impact of the Influenza A (H1N1) outbreak.

The two airlines carried a total of 123,860 tonnes of cargo and mail in last month, down 10 percent on June 2008, Cathay Pacific said.

Cargo and mail load factor increased 3.8 percentage points to 71.3 percent, it said.

"We usually see a pick-up in demand in June as summer approaches, but this year demand was depressed by the ongoing global economic recession and the reluctance of passengers to fly as a result of the widely reported H1N1 outbreak," said Cathay Pacific's general manager, revenue management, Tom Owen.

The airline's general manager cargo sales and marketing, Titus Diu, said that June cargo traffic was still down year-on-year, though the monthly drop was the lowest so far this year and the tonnage decline was behind the cut in cargo capacity.

"There are signs that the airfreight market has bottomed out, though as yet we are not seeing any sustained upswing in demand. Competition in the various cargo markets we serve remain fierce and as such yield remains under considerable pressure," Diu said.

-- BERNAMA
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Old July 15th, 2009, 07:25 PM   #1487
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Cathay Pacific's troubles may be easing but outlook still hazy, CEO says
14 July 2009

HONG KONG (AP) - The chief of Cathay Pacific Airways said weak travel demand amid the economic crisis and swine flu threat may "have stopped getting worse" but prospects for a recovery remain uncertain.

Hong Kong's flagship carrier, like airlines everywhere, has been hard hit by a travel industry slump over the last year.

CEO Tony Tyler suggested the "bumper couple of months" that usually accompany an uptick in demand in the summer is unlikely to pan out this year.

"The best we can say about our business at the moment ... is that things may now have stopped getting worse," Tyler said in a company newsletter Tuesday. "But we can't even be certain about that. Certainly the flu threat is receding, which is very welcome, but the economic indicators are still highly uncertain."

Tyler said there was "an unsettling lack of visibility" in the company's outlook for passenger and cargo traffic.

The company, which will report its half-year results next month, lost a worse-than-expected 8.6 billion Hong Kong dollars ($1.1 billion) in 2008. That was its first annual red ink since the height of the Asian financial crisis in 1998.
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Old July 16th, 2009, 06:57 AM   #1488
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Old July 16th, 2009, 10:14 AM   #1489
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Cathay Pacific And Dragonair Achieve A+ Rating For Latest Corporate Social Responsibility Report

Thursday, 16 July, 2009 - 17:52
The latest Corporate Social Responsibility (CSR) Report produced by Cathay Pacific and sister airline Dragonair has achieved an A+ rating - the highest possible - in the Global Reporting Initiative (GRI) guidelines, an internationally accepted benchmark for CSR reporting.

Cathay Pacific's Head of Environmental Affairs, Mark Watson, says: "We are proud to achieve an A+ rating under the GRI guidelines because it demonstrates our continued efforts to ensure we are transparent in our reporting and accountable to all our stakeholders."

The theme "Continuity and Change" guides the 2008 report, which outlines the initiatives undertaken during the year despite the difficult operating environment.

The report covers in detail the Group's economic performance in 2008, with top management talking about the importance of CSR to the business success of Cathay Pacific and Dragonair. They recognise the value CSR brings, not only in terms of being aligned with the Cathay Pacific Group's core values, but also in helping the airlines become more competitive, efficient and innovative in responding to the challenges of a changing economy.

Cathay Pacific's High Flyer Awards in New Zealand were singled out for special mention in the report.

The awards, undertaken last year in conjunction with Herald on Sunday help community groups and charitable organisations to achieve their goals by providing free international flights so they can undertake research and attend relevant seminars or conferences. Last year's winners include Mobility Dogs; Regional Migrant Services Charitable Trust, Supporters of Tiritiri Matangi; Crosspower Ministries Trust; United North Piha Lifeguard Service and Diabetes NZ Auckland.

David Figgins, Cathay Pacific's Country Manager for NZ & Pacific Islands, said that increasingly, New Zealand companies were requesting that suppliers who submit tenders for major projects include information regarding their CSR policies and programmes.

Said Mr Figgins: "CSR programmes and policies are becoming an integral part of the tender process, and are a major influencing factor in the selection of suppliers. The fact that Cathay Pacific has a comprehensive CSR programme in place was a contributing factor to us recently securing a major New Zealand contract."

Other key highlights of the report include:

Expanded discussions on the Group's stakeholder engagement exercise, with a commitment to undertaking regularly scheduled discussions with stakeholders on CSR issues; A detailed response on climate change, discussing the airlines' performance and its strategy for meeting the industry's emission reduction goals; A continued commitment to the safety of passengers and staff, as well as reporting on the airlines' enhanced safety management system; The airlines' investment in communities and staff, which outlines community projects in and outside of Hong Kong, as well as ensuring that staff are provided with a motivating working environment; Revamped performance tables with more in-depth environmental and social

performance data.

Mark Watson says of the report: "Our aim was not to report on all our activities - instead, we wanted to focus on issues which matter to our stakeholders. For example, much of our report focuses on what our passengers, investors and staff expect from us. However, we wanted to make sure that our reporting was balanced - that we not only talked about our achievements, but also the challenges that we face as a company and an industry and how we are going to respond to them."

The preparation of the report was coordinated by the Environmental Affairs Department at Cathay Pacific. The information contained in the report has been verified by an independent third-party auditor. The Cathay Pacific and Dragonair Corporate Social Responsibility Report 2008 can be downloaded in PDF format from either cathaypacific.com or dragonair.com.


http://www.voxy.co.nz/national/catha...sibili/5/18536
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Old July 16th, 2009, 01:19 PM   #1490
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Cathay Pacific: Impact Of H1N1 Outbreak Eases
July 16, 2009 18:34 PM
> http://bernama.com.my/bernama/v5/new....php?id=425887

KUALA LUMPUR, July 16 (Bernama) -- Cathay Pacific Airways, whose passenger volume has been affected by the outbreak of Influenza A (H1N1), says the situation has started to improve since this month.

Its chief executive officer, Tony Tyler, said although the impact of the swine flu still existed, it has eased.

"In June, we were obviously affected by the flu. In July, however, the impact has eased," he told reporters after the launch of its refurbished business class lounge in Kuala Lumpur International Airport here Thursday.

A report last month said passenger volume for Cathay Pacific and its subsidiary, Dragonair, in June 2009 dropped 18.1 percent to 1.738 million passengers compared with the same month last year, mainly due to the outbreak of H1N1.

Tyler said despite the current low demand for the New York route, the airline has no plans to reduce its frequency.

"The operation there is efficient. We have reduced capacity to North America late last year but not to New York, San Francisco, Vancouver and Los Angeles.

"We intend to maintain the capacity. If there is a need to change, we will increase rather than reduce it," he said.

The airline currently operates three non-stop flights to New York from Hong Kong and one from Vancouver.

On the new lounge, Tyler said Cathay Pacific was committed to expand its business in Malaysia by providing its customers with high quality services.

"We have made a conscious commitment to continue to invest in our brand and our service as we believe this is what sets Cathay Pacific apart from others and will help ensure our continued success in the future," he said.

-- BERNAMA
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Old July 16th, 2009, 03:41 PM   #1491
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Cathay Pacific
15 July 2009
Financial Times

Eat my shoots. A month ago Tony Tyler, chief executive of Cathay Pacific, swatted away concerns over a rights issue by telling analysts that things had stopped getting worse . Traffic figures for June, released this week, tell a different story. Passenger numbers fell the most, year-on-year, since the peak of Sars. Even with big capacity reductions, load factors weakened further. Don't even ask about premium, about two-fifths of total revenues.

Mr Tyler cannot be blamed for misreading the outlook, or for trusting faulty forecasting tools. Even so, it is time to ask the awkward question again. Does Cathay need a recapitalisation? Could its shareholders be relied on to back it? Swire Pacific, the largest, with 40 per cent, and manager of the airline, would presumably deliver the goods. But Air China, holder of 17 per cent, is living hand to mouth. Citic Pacific, with another 17 per cent, is still shaking off a record loss as it refocuses on speciality steel, iron ore and Chinese real estate.

There would be something absurd about Cathay, a company with net debt to equity of about 100 per cent, tapping up Air China, where the ratio is about 250 per cent. But the facts are uncomfortable. Cathay's gearing is more than double its own 20-year average, at a time when operating metrics have rarely been worse. Regional peers - Qantas, ANA and Malaysia's AirAsia - have raised equity in recent months.

Meanwhile, the gap between Cathay and Singapore Airlines, the sector prefect with net cash, is widening. Total debt to equity at the Temasek-backed carrier is not far off its average 10 per cent since 1990; it has said it is seeking opportunities in China or India. Mr Tyler will want to focus on signs of recovery at Cathay's interim results next month. Investors may not let him.
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Old July 17th, 2009, 04:46 PM   #1492
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Old July 18th, 2009, 08:52 PM   #1493
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Old July 20th, 2009, 06:33 PM   #1494
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Cathay Pacific flight makes emergency landing at Fukuoka, nobody hurt
Kyodo News

FUKUOKA, July 19 -- A Cathay Pacific Airways plane made an emergency landing Sunday afternoon at Fukuoka airport on its way to New Chitose, Hokkaido, from Hong Kong on information that smoke was seen in the plane.

There were no injuries among the 398 passengers and crew members aboard the Boeing 747 plane, airport and police officials said.

After arriving at Fukuoka airport around 3 p.m., inspectors found that air-conditioner gas that leaked from the ceiling of the galley might have been mistaken as smoke and that there was no abnormality in the plane otherwise.

The plane left Fukuoka airport for New Chitose airport around 5 p.m.

Transport ministry officials said the pilot of the plane decided to make the emergency landing after passengers and crew members reported that smoke was seen momentarily at the ceiling while flying near Yonago, Tottori Prefecture.
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Old July 21st, 2009, 08:15 PM   #1495
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Old July 21st, 2009, 08:30 PM   #1496
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Dragonair Appoints James Tong As Chief Executive
21 July 2009

HONG KONG (Dow Jones)--Hong Kong Dragon Airlines Ltd. said Tuesday it appointed James Tong as its chief executive, effective Aug. 17.

The company, known as Dragonair, said in a statement Tong will succeed Kenny Tang, who will take a new role at Hong Kong Aircraft Engineering Co. (0044.HK).

Tong joined Cathay Pacific Airways Ltd. (0293.HK) in 1987. He is currently Cathay's general manager sales, Pearl River Delta and Hong Kong.

Haeco said in a separate statement Tuesday it appointed Tang as director with effect from Sept. 7.

Dragonair is wholly owned by Cathay Pacific, while Haeco is an affiliate of Cathay and Cathay's parent, conglomerate Swire Pacific Ltd. (0019.HK).
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Old July 22nd, 2009, 05:09 AM   #1497
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Old July 22nd, 2009, 01:56 PM   #1498
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Cathay Pacific Vietnam has new country manager
21 July 2009
The Saigon Times Daily

Cindy Lam (R), incoming country manager of Cathay Pacific Airways in Vietnam, talks with Nguyen Thi Minh Yen, director of southern regional office of

Vietnam Airlines, at an introduction function the airline organized in HCMC yesterday evening. From August 10, Lam will assume the position of Cathay Pacific’s country manager in Vietnam Suzanne Wong, who will return to Hong Kong for her new assignment at the head office of the airline after three years taking the helm of the airline in Vietnam.

Lam told the function that she was looking forward to taking her new post in Vietnam as it is performing as one of the best economies in Asia in the current challenging time and where people hold positive view of economic recovery. She noted the long-term growth prospects of this country were very strong.

The graduate from the marketing faculty of the University of British Columbia in Canada is excited about working in Vietnam not only because of the challenges of the airline industry but also the opportunities to learn more about the culture, the smiling people and the cuisine in this country.
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Old July 23rd, 2009, 09:21 AM   #1499
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Old July 23rd, 2009, 09:53 PM   #1500
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Cathay Pacific to launch Jeddah service
22 July 2009
Airline Industry Information

Hong Kong-based Cathay Pacific Airways announced on Wednesday that it is launching a new service to Jeddah, Saudi Arabia, on 25 October.

The four times weekly service will be flown via Dubai en route to and from Hong Kong. It will be operated using an Airbus A330-300 aircraft in a two-class configuration.

Flights will be operated from Hong Kong to Dubai on Mondays, Tuesdays, Thursdays and Saturdays, with the onward flight to Jeddah and the return services being operated on Tuesdays, Wednesdays, Fridays and Sundays.
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