Tag Archives: Cathay

A first class gaffe: Cathay to honour cheap ticket error

A first class gaffe: Cathay to honour cheap ticket errorScores of savvy travellers will be sipping heavily discounted champagne in first class recliners on Cathay Pacific flights this year after the airline agreed to honour tickets that were mistakenly sold at a fraction of their value. Airline and travel blogs went into overdrive on New Year’s Eve after eagle-eyed shoppers noticed the carrier was offering first and business class tickets on its website from Vietnam to the United States and Canada for as little as $ 670. It took two days for Cathay to publicly acknowledge the error with the airline on Wednesday saying it would indeed honour the cheap fares.



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A first class gaffe: Cathay to honour cheap ticket error

A first class gaffe: Cathay to honour cheap ticket errorScores of savvy travellers will be sipping heavily discounted champagne in first class recliners on Cathay Pacific flights this year after the airline agreed to honour tickets that were mistakenly sold at a fraction of their value. Airline and travel blogs went into overdrive on New Year’s Eve after eagle-eyed shoppers noticed the carrier was offering first and business class tickets on its website from Vietnam to the United States and Canada for as little as $ 670. It took two days for Cathay to publicly acknowledge the error with the airline on Wednesday saying it would indeed honour the cheap fares.



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Cathay Pacific shares slide to nine-year low as data leak rattles investors

Cathay Pacific shares slide to nine-year low as data leak rattles investorsShares of Cathay Pacific Airways Ltd slid nearly 7 percent to a nine-year low on Thursday after it said data of about 9.4 million passengers of Cathay and its unit, Hong Kong Dragon Airlines Ltd, had been accessed without authorization. Cathay said late on Wednesday that in addition to 860,000 passport numbers and about 245,000 Hong Kong identity card numbers, the hackers accessed 403 expired credit card numbers and 27 credit card numbers with no card verification value (CVV). The company said it discovered suspicious activity on its network in March 2018 and investigations in early May confirmed that certain personal data had been accessed.



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Cathay Pacific Crew Say They Saw North Korean Missile 'Blow Up And Fall Apart'

Cathay Pacific Crew Say They Saw North Korean Missile 'Blow Up And Fall Apart'Crew members aboard a Hong Kong-bound Cathay Pacific flight from San Francisco saw what they suspected was a North Korean ballistic missile re-entering the Earth’s atmosphere last week, the airline has confirmed.



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Cathay Pacific to sack 600 staff in major shakeup

Cathay Pacific to sack 600 staff in major shakeupHong Kong’s flagship airline Cathay Pacific said Monday it would cut 600 staff including a quarter of its management, as part of its biggest shakeup in two decades to repair its bottom line. In March the company posted its first annual net loss in eight years, citing intense competition as lower cost airlines, particularly from mainland China, eat into its market share. It pledged at the time to slash costs by 30 percent after its $ 74 million net loss in 2016 reversed a $ 773 million profit in the previous year.



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Hong Kong's Cathay Pacific sees first loss in 8 years

Hong Kong's Cathay Pacific sees first loss in 8 yearsHong Kong’s troubled flagship airline Cathay Pacific on Wednesday posted its first annual loss since the height of the financial crisis as it was hit by “intense competition” and a drop in demand from business travellers. Companies like China Eastern and China Southern Airlines are offering direct services to Europe and the United States from the mainland, while budget carriers like Spring Airlines offer regional routes, undermining Cathay’s once critical Hong Kong hub. Analysts said other established Asian operators were similarly suffering from increased competition, but believed Cathay’s major fuel-hedging losses put it in an even weaker position.



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