Arizona is a popular destination for retirees due to its consistent hot temperatures and idyllic, picturesque scenery. However, the latest retiree to change its residency to Arizona wouldn’t be a 65-year old senior citizen, but rather a Boeing 777-200 aircraft as Hong Kong-based Cathay Pacific announced on Monday that it would be donating the newly-retired […]
Australian flag carrier Qantas has announced that the newest destination for its newest airplane, the Boeing 787-9 Dreamliner, will be Hong Kong. Already flying the aircraft on some of the airline’s longest routes including the Melbourne to Los Angeles route and the historic Perth to London route, the aircraft has received its first assignment in […]
Cathay Pacific took delivery this morning of its first Airbus A350-1000 aircraft at the Airbus Delivery Centre in Toulouse, France. The Hong Kong-based airline is just the second airline to receive the new fuel-efficient airliner, Airbus’ newest widebody aircraft, following Qatar Airways, which took delivery of the aircraft in February and flew it to Doha […]
Despite the increasing demand of flights to Asia and the overall positive view on new low-cost carriers appearing in the Asian market, Hong Kong was one city that on the outside of that trend, as its airport struggled to attract new low-cost airlines to make Hong Kong a hub or focus city. Although a thriving […]
Hong Kong-based Cathay Pacific announced a loss of $1.45 billion HKD ($185 million USD), nearly triple the $525 million HKD ($66.9 million USD) loss reported a year ago. This loss signifies the airline’s first back-to-back loss in 71 years, mainly due to intense competition and overcapacity in the region. Cathay has struggled over the past […]
Starting November 2018, Cathay Pacific will launch seasonal non-stop service to Cape Town, South Africa (CPT) from Hong Kong. The new flight will be flown by Cathay Pacific’s new Airbus A350-1000 three times a week, and will be the first non-stop flight between Cape Town and Asia in over six years. This service will complement […]
While the previous post served as an introduction to the various types of fuel hedging methods, this post will focus on several real world examples of fuel hedging done right and wrong throughout the airline industry. As mentioned previously fuel hedging is the strategy that airlines use to control their fuel costs in a market […]
On Friday, China Southern completed its share issuance to American Airlines, allowing the Dallas-based carrier to take on a 2.68 percent stake in the Chinese airline. The move follows a continued path of global airlines forging equity stakes, rather than just partnerships, to develop their networks. In recent years there have been several similar announcements […]
Hong Kong’s largest airline, Cathay Pacific, has announced the elimination of 600 jobs at the company in an effort to battle strong competition in the region and its first financial loss in eight years. While 600 people may be only a fraction of the 33,000 employees at the airline, the news is a sign that […]
Hong-Kong based carrier Cathay Pacific Airways has announced a boost in connectivity on flights to Manchester. As of Dec. 1, 2017, the carrier will be operating services on a daily basis with their Airbus A350-900 aircraft. The Boeing 777-300ERs in their fleet will be replaced by the A350-900s in June respectively, which is a smaller […]
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