Joining a high-level delegation led by Chief Executive of the Hong Kong SAR Government John Lee Ka-chiu, Cathay Group Chief Executive Officer Ronald Lam concluded a six-day visit to three ASEAN countries — Laos, Cambodia and Vietnam — underscoring the region’s significance to Cathay’s expanding network and future growth, as well as to Hong Kong’s economic development. Throughout the eye-opening visit, Lam toured a variety of local enterprises and major infrastructure projects in these … [Read more...] about Cathay to bolster its ASEAN network to seize growth opportunities with regional markets
Cathay
Cathay fully repays the Hong Kong SAR Government’s HK$19.5 billion investment
The Cathay Group reached another major milestone on its rebuild journey as it fully repaid the Hong Kong SAR (HKSAR) Government’s HK$19.5 billion investment. The Cathay Group has now bought back the remaining 50% – HK$9.75 billion – of the preference shares that were issued to the HKSAR Government as part of the Cathay Group’s 2020 recapitalisation. The Cathay Group previously bought back the initial 50% of the preference shares in December 2023. In addition, the Cathay Group has paid the … [Read more...] about Cathay fully repays the Hong Kong SAR Government’s HK$19.5 billion investment
DB Schenker signs record-breaking commitment to Cathay’s Corporate SAF programme
DB Schenker is the latest member of the air-cargo community to join Cathay’s Corporate Sustainable Aviation Fuel (SAF) Programme. With its commitment to reduce its carbon emissions through the programme, DB Schenker has become the biggest contributor to the scheme to date. The Corporate SAF Programme was established in 2022 to help tackle climate change. It enables members to purchase SAF for uplift on Cathay Pacific and Cathay Cargo flights, from Hong Kong and other ports on the network. By … [Read more...] about DB Schenker signs record-breaking commitment to Cathay’s Corporate SAF programme
Cathay and Singapore Airlines to collaborate on sustainability initiatives
Cathay and Singapore Airlines (SIA) have signed a Memorandum of Understanding (MoU) to collaborate on a broad range of sustainability initiatives. These collective efforts are aimed at advocating for the development and use of sustainable aviation fuel (SAF) in the Asia-Pacific region, a critical decarbonisation lever for the sector, and sharing best practices to boost sustainability performance. The MoU was signed by Cathay Group Chief Executive Officer (CEO) Mr Ronald Lam and Singapore … [Read more...] about Cathay and Singapore Airlines to collaborate on sustainability initiatives
Cathay Cargo expecting traditional winter peak season
Cathay Pacific and Dragonair carried 151,000 tonnes of cargo and mail in September, an increase of 2.8 per cent compared to the same month last year. Cargo and mail revenue tonne kilometres (RTKs) flown increased by 3.4 per cent, as capacity, measured in available cargo/mail tonne kilometres, rose by 3.0 per cent, leading the cargo and mail load factor to rise by 0.2 percentage points to 62.4 per cent. In the nine months to the end of September, tonnage rose by 5.6 per cent against a capacity … [Read more...] about Cathay Cargo expecting traditional winter peak season
Cathay Pacific sees six-fold rise in 1H net profit
The Cathay Pacific Group has reported an attributable profit of HK$1,972 million (US$254.4 million) for the first six months of 2015. This is nearly a six-fold jump from the HK$347 million profit in the first half of 2014. Revenue for the period decreased by 0.9 per cent to HK$50,388 million. The Group’s performance in the first six months of 2015 was considerably better than in the same period in 2014, Cathay noted citing higher load factors in the Group’s passenger business as a key reason. … [Read more...] about Cathay Pacific sees six-fold rise in 1H net profit
