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CATHAY FINANCIAL
Global airline chiefs to confront Iran war fuel shock at industry summitAirline leaders meet in Rio de Janeiro facing a major industry crisis. The Iran war is increasing jet fuel costs and disrupting flights. Th...- The jet-fuel surge is making global flight connections disappearTravellers face more flight cancellations as airlines grapple with sky-high jet fuel costs. Carriers globally are reducing flights and park...
- Tokenisation startup Midas raises $50 million in early-stage funding roundGerman startup Midas secured fifty million dollars in early-stage funding. The company transforms investment products into digital tokens f...
- Cathay Pacific to cancel over 500 flights as Typhoon Ragasa nearsCathay Pacific, a Hong Kong-based airline, anticipates significant flight disruptions. Over 500 flights are likely to be cancelled. This is...
- Cathay Pacific seals multi-billion dollar deal with Airbus for 32 A320neo aircraft, details about expansion planThe Cathay Pacific-Airbus agreement took shape after initiating discussions in September 2017 between Airbus and the aircraft acquisition t...
- Airbus wins Cathay Pacific order for 32 more A320neo jetsCathay had signalled in August that it intended to bulk up its fleet of the popular medium-haul jets, on top of an original order for 32 A3...
- Cathay Pacific expects H2 loss to be 'significantly higher' than in H1The airline reported a HK$9.87 billion ($1.27 billion) loss in the first half due to the pandemic. Analysts had forecast the airline would ...
- China, Hong Kong stocks gain on quick economic revival hopesAt the midday break, the Shanghai Composite index was up 0.47 per cent at 2,951.70 points.
- 'Single biggest shock': Airlines, airports battle coronavirus cash crunchAs Boeing and other U.S. aviation companies angle for billions in assistance, airlines and airport operators globally are suspending divide...
- Coronavirus outbreak: Hong Kong Airlines to cut 400 jobs, ask employees to take unpaid leave, reports mediaHong Kong Airlines plans to cut its daily operations from 82 flights to just 30, from February 11 into March, SCMP reported.
- Not interested in Jet Airways as backed by 'enemy' state: Akbar al-Baker, CEO, Qatar AirwaysThe Qatari airline has previously expressed an interest in investing in IndiGo, owned by InterGlobe Aviation.
- Hong Kong's Cathay lays off 600 amidst rising pressureCathay is making the cuts after it reported a $74 million loss in 2016, its first annual loss since 2008, it is the most comprehensive over...
- 3 Indian names in Forbes' top Asia's richest families listSouth Korea's Lee family, which controls Samsung, topped an inaugural list of Asia's 50 richest families published Thursday by Forbes Asia ...
- AIG may announce buyer for Taiwan unit next week: ReportInsurance giant American International Group is likely to announce next week the buyer for its Taiwan unit, Nan Shan Life, a report said Th...
- Cathay staff to take no-pay leave, cuts capacityCathay Pacific Airways Ltd., Asia's third-largest carrier, said on Friday it has asked staff to take unpaid leave while it cuts passenger a...
- Singapore Air profit drops 36%Singapore Airlines, the world's largest airline by market value, on Thursday reported a better-than-expected 36 percent fall in quarterly p...
- Cathay's first, business class hit by financial turmoilHong Kong airline Cathay Pacific has been "hit hard" by the global financial crisis with a significant drop in the number of first and busi...
- Cathay Pacific swings to loss amid high fuel costsCathay Pacific Airways Ltd., Asia's third-largest carrier, said Wednesday it swung to a loss in the first half of the year as soaring jet f...
- Cathay Pacific warns profits to disappoint as rising jet fuel costs hurt bottom lineCathay Pacific Airways Ltd. warned that its profits would be ``disappointing'' this year because of rapidly rising fuel costs.
- Singapore Air-China Eastern deal in troubleThe Singapore Airlines bid to buy a 24% stake in China Eastern Airlines for $923.8 million appeared in trouble on Wednesday after a major s...
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