Cathay Pacific

Cathay Pacific

This Hong Kong-based company began dedicated cargo operations in 1981 and currently serves 44 destinations globally. In 2013, the company began 20-year concession to operate an air cargo terminal at the Hong Kong International Airport, which serves as the company's main hub. 

18 Nov 2022
Growing uncertainty over demand levels and falling rates is making longer-term traditional air freight block space agreements unattractive.
30 Dec 2021
An update to new COVID-19 quarantine rules in Hong Kong has prompted Cathay Pacific to halted long-haul freight flights, potentially exacerbating a supply crunch ahead of the Lunar New Year peak.
26 Apr 2017
March was a good month for the Asian air cargo industry, with the recovering markets accelerating further on rising regional import-export activity.
23 Mar 2017
Freight volumes have surged 23 percent in the first two months of 2017.
23 Mar 2017
BCOs are looking to air freight as an alternative to shipping cargo from North Europe to Asia as ocean space remains tight.
17 Mar 2017
The first quarter for Hong Kong-based Cathay Pacific is looking good, at least from a cargo perspective, following strong air freight growth in January and February.
15 Mar 2017
Fierce competition and overcapacity in 2016 led to Cathay Pacific recording its worst annual result in eight years.
24 Jan 2017
Cathay Pacific has relocated its cargo-handling operations in Frankfurt to Lufthansa Cargo’s terminal at Europe’s biggest air freight hub.
16 Nov 2016
Cargo volumes have been robust out of Asia in the last two months, with carriers and airports reporting decent increases.
17 Aug 2016
Cathay Pacific sees net profit falling 82 percent in fragile operating environment.
12 May 2016
Lufthansa Cargo and Cathay Pacific have signed a partnership to operate a joint network.
09 Mar 2016
Cathay Pacific’s 90 percent increase in 2015 net profit had no help from its cargo division, which after a solid first quarter saw demand for air freight largely fade away for the rest of the year.
17 Feb 2016
Capacity cuts and a pre-Chinese New Year demand for air cargo on key routes barely managed to keep Cathay Pacific’s January volumes in positive territory.
18 Jan 2016
Cathay Pacific and sister carrier Dragonair handled just short of 1.8 million tons of air cargo in 2015, recording growth of 4.3 percent despite a difficult year for the air freight industry as it struggled to balance capacity supply and demand.
16 Dec 2015
A European Union court today overturned 790 million euros ($861 million) in fines against 11 airlines, including Air France-KLM and British Airways, for participating in a global cartel that fixed air freight rates.
15 Dec 2015
Hong Kong’s airport and its leading airline saw their hopes for a strong air freight finish to the year dashed as November figures fell back into negative growth that has gripped the world’s busiest airport for most of the year.
29 Nov 2015
Cathay Pacific has agreed to pay $4.4 million to settle litigation in Canada in a cargo anti-trust class action in which the carrier was a defendant.
16 Sep 2015
Cathay Pacific and sister carrier Dragonair reported flat growth in air cargo during August as the Hong Kong-based airlines limp into the slack period before what is hoped will be a last-quarter peak season.
11 Jun 2015
26 Mar 2015
Air freight carried by Asian carriers grew by a solid 12.8 percent in the first two months of the year compared to the same period in 2014, according to data from the Association of Asia Pacific Airlines (AAPA).
18 Mar 2015
Cathay Pacific reported a 20 percent increase in net profit for 2014 as a strong second half recovery in the cargo market helped drive up earnings to $403 million.
17 Mar 2015
The government of Hong Kong has approved the building of a third runway at Hong Kong International Airport (HKIA), announcing that it would fund the $18.2 billion expansion through internal funds, external borrowings and higher user fees.
16 Mar 2015
Cathay Pacific and sister carrier Dragonair carried almost 30 percent more cargo in February than during the same month last year as the Hong Kong-based airlines added capacity to cope with the lunar new year surge in demand.
16 Feb 2015
Solid freight demand from North American markets saw Cathay Pacific and sister airline Dragonair get the year off to a good start and allowed the carrier to operate an almost full freighter schedule in January.
28 Jan 2015
Cathay Pacific’s new air cargo terminal in Hong Kong handled 1.45 million tons during 2014 in its first full year of operation.
27 Jan 2015
HONG KONG — Air freight on the Asia-North America trade is riding a tailwind that filled freighters and bellies in the la
15 Jan 2015
Cathay Pacific and its sister airline Dragonair carried 1.72 million tons of cargo during 2014, a 12 percent increase over the previous year as the strong second half performance continued into December.
15 Dec 2014
Trans-Pacific shipments between Hong Kong and fast recovering North American markets drove up Cathay Pacific cargo throughput in November, with the strong demand expected to last deep into the final month of the year.
19 Nov 2014
Asia’s competitive airline environment is placing intense profitability pressure on carriers in the region, but the focus on costs will not see air cargo shippers facing the wide scale route cutbacks, reduced frequencies and rolled shipments that have afflicted their ocean freight counterparts.
19 Nov 2014
Air cargo is going through a period of adjustment that will keep profitability largely out of reach for the world’s carriers until more of a balance is achieved between cargo capacity and demand.
17 Nov 2014
The strong rebound of trans-Pacific trade will ensure the air cargo industry enjoys a happy festive season this year, but few are prepared to forecast the robust growth will continue much past Chinese New Year.
13 Nov 2014
Shippers of trans-Pacific ocean freight trying to avoid crippling West Coast port congestion are turning to air cargo in such numbers that forwarders report prices going “through the roof.”
03 Nov 2014
Cathay Pacific will launch a new freighter service to Cambodia’s capital of Phnom Penh later this month, strengthening its Asia-Pacific network on the back of industry data that shows airlines in the region growing by almost 6 percent in September compared to the same month last year.
16 Oct 2014
Strong growth out of Hong Kong and China in September saw Cathay Pacific and Dragonair continuing to post double-digit growth as cargo and mail throughput rose 14.5 percent compared to the same month last year.
15 Sep 2014
Strong air cargo traffic out of Asia continued to lift Cathay Pacific volumes with August figures soaring almost 20 percent year-over-year and the Apple iPhone 6 launch expected to keep traffic high through September.
14 Aug 2014
Cathay Pacific’s strong start to the year continued into July when robust growth in its air freight tonnage ou