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
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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
Air cargo CO2 emissions to increase 411% by 2050
The global air cargo market reported impressive growth last year, marking the first upswing in the market following a long period of stagnation. The result, fear many environmentalists, will lead not merely to the growth of the global air cargo market but also contribute significantly to the increase in CO2 emissions. Analysts predict that more emissions will be produced from freight cargo than passengers by 2050. The International Transport Forum (ITF) has provided figures estimating that … [Read more...] about Air cargo CO2 emissions to increase 411% by 2050
Hong Kong: Cathay looks at major network restructuring
Cathay Pacific Airways is looking at a possible major revamp of its network and fleet than previously disclosed, according to a memo sent to employees last week by CEO Tony Tyler. Tyler bleakly warned that the airline likely won’t “emerge unscathed” from the industry downturn. “These are extremely difficult times for the aviation industry, and I’m sorry to say there doesn’t appear to be any light at the end of the tunnel just yet,” he added. He … [Read more...] about Hong Kong: Cathay looks at major network restructuring
