Cathay Pacific places order for 6 Airbus A350 freighters
Airbus beat out Boeing for Cathay Pacific’s order of new heavy freighters.
Airbus beat out Boeing for Cathay Pacific’s order of new heavy freighters.
Cathay Pacific is rebuilding its passenger network after a three-year pandemic freeze, and the network effect is greatly benefiting the freighter operation.
Cathay Pacific has been tied down by COVID health restrictions much longer than most airlines. The cargo network is getting a big boost as long-haul passenger aircraft rejoin the fleet.
Cargo traffic for Cathay Pacific fell in November, weighed down by weak demand for Chinese exports. The small bump it enjoyed in October was short lived.
A weaker-than-normal shipping season is hurting Cathay Pacific Cargo’s ability to recover from the pandemic.
The air cargo market is full of contradictions. Shipments and rates are falling and a recession is looming, but business is better than in 2019.
Cathay Pacific Cargo is sending cautionary signals about the peak shipping season but still wants new freighters from Airbus or Boeing.
Cathay Pacific Cargo, a bellwether for trade in Asia, says slowing consumer demand and Chinese exports point to a less busy peak shipping season.
A severe typhoon is headed for the South China region, forcing airlines and ports to take precautions and adjust schedules.
Hong Kong’s COVID rules have handcuffed Cathay Pacific’s pandemic recovery, and typhoons last month wreaked havoc with freighter deployments.
COVID continues to crush Cathay Pacific’s business, but the cargo fleet is now back at full force.
Companies ship by air because it’s faster than other modes. So how does shipping by sea actually help Cathay Pacific move air cargo through Hong Kong?
Cathay Pacific is a once-proud airline hanging on for dear life.
Cathay Pacific Cargo is limping back to service after shutting down most flights for a week to adjust its schedule to lower pilot availability.
Cathay Pacific is running out of pilots for its freighter operations because of stricter quarantine measures.
Hong Kong’s strict COVID policies have had economic consequences, especially for its aviation industry.
Hong Kong has finally made it easier for certain airlines to operate by easing some COVID restrictions for pilots. Cargo operators will benefit the most.
Hong Kong has ratcheted up quarantine requirements on inbound pilots, escalating tensions with the U.S. and impacting the operations of express carriers UPS and FedEx.
Hong Kong has some of the most rigid COVID-19 health measures and travel restrictions in the world. New rules targeted at home-based crews are impacting operations at Cathay Pacific and FedEx, where pilots are also griping about the lack of good air conditioning when overnighting in China.
Cathay Pacific is having trouble remaining a viable airline with just a trickle of passenger business due to the coronavirus. It’s taking drastic measures.
Pittsburgh International Airport is a diamond in the rough when it comes to air cargo. The airport sits in a geographic sweet spot for reaching a huge chunk of the U.S. population by truck. Airlines and logistics companies are beginning to diversify their supply chains to cargo-friendly airports like Pittsburgh.
Cargo has always been a top priority at Cathay Pacific, a combination carrier with a fleet of passenger and cargo planes. But the airline is adding some leadership muscle to gain more logistics customers.
Cathay Pacific has been flying passenger planes on cargo missions for months, but only in the last couple of weeks did it revert to pulling seats to create more cargo capacity. The new cargo capability comes with additional safety requirements and operational challenges.
Warm, dry weather isn’t just easier on the body, it’s nice for airplanes with metal frames and electronics that can deteriorate when there is too much moisture. That’s why Cathay Pacific is sending its planes to a sunny vacation spot while it waits for the coronavirus to go away and customers to start flying again.
Cargo flights from Vietnam to the U.S. were rare until COVID and the need for speed for supplies to quell the outbreak. It’s a long trip, but it can make economic sense now to make that flight without a stopover.
Governments are taking equity stakes in airlines or putting conditions on them for aid. Cathay Pacific, a big passenger-cargo combination carrier, and Austrian Airlines are two of the latest to get a helping hand.
One of the big innovations for passenger airlines during the coronavirus era is using their planes as dedicated cargo haulers. Cargo 2.0 was putting boxes in storage bins and other seats. Cargo 3.0 is cargo on seats.
Rolling cuts are roiling the airline industry, which is seeking a federal bailout to stave off workforce reductions
It’s not exactly “Extreme Makeover,” but passenger airlines are flipping their planes into cargo haulers. Desperation breeds innovation.
Airlines are at the mercy of the coronavirus. About the only thing they can do is try to reduce operating costs and preserve cash flow until people are willing to start traveling again.
It’s difficult to predict how travel and trade patterns will impact the global economy for the full year, but companies involved in trade and travel are feeling the pinch already. The crisis is creating risks and opportunities for airlines, especially for companies that fly dedicated freighters.
Many people are paying attention to the coronavirus from a travel perspective and what it will do to the passenger airline industry, but less recognized is that the air cargo that rides below passengers’ feet will also have fewer transport options.
Temperature-sensitive cargo like meat can be exposed to warm air and other environmental conditions during transfers and storage without good logistics management procedures.
The ongoing political strife in Hong Kong is not directly slowing shipping activity at the world’s busiest cargo airport, but could gradually reshape supply chains in unexpected ways. A two-day […]
Cathay Pacific didn’t waste anytime jumping on the Hong Kong airport’s offer to subsidize rebates of terminal handling charges as both organizations look to attract cargo business.
Cash-constrained carrier averts shutdown
Although air freight prices have been edging upwards, sources suggest the 2019 peak season might be short-lived.
Cathay Pacific saw double-digit drops in both tonnes of cargo carried and cargo and mail revenue freight tonne kilometres.
Cathay Pacific expects “a much more significant impact” to revenue in August as recent unrest in Hong Kong will likely weigh on its financial results.
Continued cancellations could have a marked impact on air cargo.
Cathay Pacific Airways has suspended a pilot that was charged with rioting at a protest in Hong Kong. The airline will also comply with new Chinese aviation demands.
Cathay Pacific is the latest in a string of airlines to cite trade tensions as the reason for plummeting cargo segments.
Airline Garuda Indonesia has been ordered by an Australian court to pay A$19 million (US$13.14 million) in penalties for air cargo price fixing as part of a massive international cartel. Australian penalties of A$132.5 million (US$91.64 million) have so far been levied against 14 airlines.
20% revenue growth YOY on cargo and mail helped a lot.