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Tag: cathay pacific
Cathay Pacific Airways may post hefty fuel hedging losses
2015-03-16 08:17:37| Airlines - Topix.net
Carrier expected to report stronger profit of HK$3.4 billion for year despite taking a bad hit from locking in oil prices at higher than spot Analysts polled by Bloomberg expect Cathay to post a net profit of HK$3.43 billion for last year, compared with HK$2.62 billion in 2013. Photo: AFP Cathay Pacific Airways, which is due to post its annual results on Wednesday, may report hefty fuel hedging losses of up to HK$14 billion because it locked in fuel prices at higher than spot prices, which then plunged 50 per cent in the second half of last year.
Tags: post
pacific
fuel
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Cathay Pacific Airways launches new freighter service between Kolkata-Hong Kong
2015-03-14 10:21:54| Airlines - Topix.net
Cathay Pacific Airways launched a new twice-weekly freighter service between Hong Kong and Kolkata on Wednesday, with a ceremony at Netaji Subhas Chandra Bose International Airport tonight to mark the inauguration of the new route. Cathay Pacific will be the only airline offering a scheduled non-stop freighter services between Kolkata and Hong Kong.
Tags: service
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China's top three airlines beat Cathay Pacific on traffic growth
2014-12-17 14:34:18| Airlines - Topix.net
Top three carriers show bettertraffic growth than HK flagship airline, and are expected to benefit from the sharp drop in oil prices The mainland's largest airlines have benefited from strong domestic passenger demand, but the cargo business is weak. Photo: Xinhua The mainland's three biggest airlines - Air China, China Eastern Airlines and China Southern Airlines - reported strong traffic growth last month, outperforming Cathay Pacific Airways.
Tags: top
growth
traffic
pacific
Cathay Pacific among airlines sued over price-fixing
2014-12-01 22:22:28| Airlines - Topix.net
Deutsche Bahn subsidiary Schenker alleges cargo carriers were involved in a conspiracy to fix fuel and security surcharges. Photo: Bloomberg German railway operator Deutsche Bahn is seeking damages of about US$2.5 billion from more than a dozen airlines, including Cathay Pacific Airways, arising from lawsuits that allege the carriers engaged in cargo cartels.
Tags: pacific
airlines
sued
cathay
Cathay Pacific in big profit jump
2014-08-13 08:53:22| BBC News | Business | UK Edition
Hong Kong airline Cathay Pacific sees a surge in first half earnings as a plan which involved adding more flights to US destinations pays off.
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