Cathay Pacific 2023 Annual Results
#16
Join Date: Jul 2023
Location: New Zealand
Programs: CX Gold
Posts: 115
Expiry of leases = 20, new order = 46
If you argue that A320/1neo are much smaller that the outgoing birds, I can count half the number of A320/1 order and remove the 6 A350F, new order vs retiring is still 31 vs 20, not to mention 5 of the "retiring" A321neo is 29 and beyond.
Maybe you can elaborate more on your simple math?
If you argue that A320/1neo are much smaller that the outgoing birds, I can count half the number of A320/1 order and remove the 6 A350F, new order vs retiring is still 31 vs 20, not to mention 5 of the "retiring" A321neo is 29 and beyond.
Maybe you can elaborate more on your simple math?
Also if you are suggesting that an A321 or even 2 A321s are a replacement for a long haul 777 300 ER , I really don't know what to say.
Anyways facts are proving that I am correct. CX still has not returned to LGW, EWR ,IAD, SEA ( kinda awkward considering Taipei now has 4 daily flights.) Capetown, Rome, Adelaide, Cairns ( some posters have claimed this market is not profitable, SQ has just expanded there) Dublin, Copenhagen, Brussels. Plenty of cities in the Middle East and India ( CX cargo just abandoned BLR, the same time EK cargo launched. ) still too many cities to mention in Asia and China that have not been connected.
Let alone frequecies of the existing routes.
it Is mathematically impossible for CX to hit a 2018/19 schedule until 2027
The pandemic has only shown the HKG government that if it wants any hope of restoring HKG as an aviation hub it needs to take over the airline like ME3 and SQ l. ( or have big daddy Beijing take over) SWIRE just gutted the business and got rid of experienced execs and pilots.
#17
Join Date: Jul 2023
Location: New Zealand
Programs: CX Gold
Posts: 115
#19
Join Date: Jun 2018
Posts: 415
And if my understanding is correct, CX acquired purchase rights for 32 more A320/A321neo when they exercised their previous purchase rights in 2023. It would take CX’s A320/A321neo fleet to 96(64 firm orders + 32 purchase rights)
In terms of fleet, we announced an order of 32 additional Airbus A321neo and A320neo aircraft, and secured the right to acquire 32 more aircraft, complementing our existing order of 32 A321neos. We also ordered six Airbus A350F freighters and secured the right to acquire up to 20 more of these aircraft in the future. In total, this brings our new aircraft on order to more than 70, with the right to acquire an additional 52 aircraft.
#22
Join Date: Jun 2018
Posts: 415
During the press conference the management revealed that this new type of aircraft would take multiple missions, flying to both regional destinations, and Australia and even Europe. Very interesting.
#23
Join Date: Jan 2011
Posts: 2,346
Cathay group currently has 2900 pilots, and they need 3400 to get back to pre-Covid capacity. Surprisingly, 3400 is even less than the number of pilots in Oct 2020.
As per SCMP:
"Cathay chief operations and service delivery officer Alex McGowan said there was a shortfall of 500 pilots across the premium carrier Cathay Pacific and budget unit HK Express. The company had 2,900 pilots and needed to have 3,400 in place to fulfil the target of 100 per cent pre-Covid capacity, he said. He noted the figure of 3,400 was even lower than the number in October 2020.He said the company was stepping up training and hastening promotions of first officers to fill the gap this year. McGowan said pilot turnover stood at 2 per cent now, a record low."
https://www.scmp.com/news/hong-kong/...gtype=homepage
As per SCMP:
"Cathay chief operations and service delivery officer Alex McGowan said there was a shortfall of 500 pilots across the premium carrier Cathay Pacific and budget unit HK Express. The company had 2,900 pilots and needed to have 3,400 in place to fulfil the target of 100 per cent pre-Covid capacity, he said. He noted the figure of 3,400 was even lower than the number in October 2020.He said the company was stepping up training and hastening promotions of first officers to fill the gap this year. McGowan said pilot turnover stood at 2 per cent now, a record low."
https://www.scmp.com/news/hong-kong/...gtype=homepage
#24
Join Date: Aug 2015
Location: Hong Kong
Programs: Cathay Lifetime Diamond
Posts: 691
A 5 month bonus would be almost the largest bonus ever given by any major airline to ALL staff.
Emirates (who of course do not need to make profits) gave 24 weeks bonus in 2023 but not to all its reported.
Cathay staff also received a bonus end 2023. thus suggesting a further 5 months is is just rather silly.
#25
Join Date: Aug 2015
Location: Hong Kong
Programs: Cathay Lifetime Diamond
Posts: 691
I don't believe so but possibly it will be another variant of the A330. I say that given Cathays closeness to Airbus and the size of the potential order plus the lack of alternatives.
#26
Join Date: Feb 2024
Location: Toronto, Canada
Programs: CX GO, CA GO
Posts: 123
Why please ?
A 5 month bonus would be almost the largest bonus ever given by any major airline to ALL staff.
Emirates (who of course do not need to make profits) gave 24 weeks bonus in 2023 but not to all its reported.
Cathay staff also received a bonus end 2023. thus suggesting a further 5 months is is just rather silly.
A 5 month bonus would be almost the largest bonus ever given by any major airline to ALL staff.
Emirates (who of course do not need to make profits) gave 24 weeks bonus in 2023 but not to all its reported.
Cathay staff also received a bonus end 2023. thus suggesting a further 5 months is is just rather silly.
#27
Original Poster
Join Date: Aug 2007
Location: Sydney, Australia
Posts: 1,852
It would indeed be very odd for Cathay to choose a Boeing at this stage, so I'd think an A350-1000 or some A330 variant (A330neoXL? LOL).
#28
Join Date: Aug 2015
Location: Hong Kong
Programs: Cathay Lifetime Diamond
Posts: 691
Cathay group currently has 2900 pilots, and they need 3400 to get back to pre-Covid capacity. Surprisingly, 3400 is even less than the number of pilots in Oct 2020.
As per SCMP:
"Cathay chief operations and service delivery officer Alex McGowan said there was a shortfall of 500 pilots across the premium carrier Cathay Pacific and budget unit HK Express. The company had 2,900 pilots and needed to have 3,400 in place to fulfil the target of 100 per cent pre-Covid capacity, he said. He noted the figure of 3,400 was even lower than the number in October 2020.He said the company was stepping up training and hastening promotions of first officers to fill the gap this year. McGowan said pilot turnover stood at 2 per cent now, a record low."
https://www.scmp.com/news/hong-kong/...gtype=homepage
As per SCMP:
"Cathay chief operations and service delivery officer Alex McGowan said there was a shortfall of 500 pilots across the premium carrier Cathay Pacific and budget unit HK Express. The company had 2,900 pilots and needed to have 3,400 in place to fulfil the target of 100 per cent pre-Covid capacity, he said. He noted the figure of 3,400 was even lower than the number in October 2020.He said the company was stepping up training and hastening promotions of first officers to fill the gap this year. McGowan said pilot turnover stood at 2 per cent now, a record low."
https://www.scmp.com/news/hong-kong/...gtype=homepage
#29
Original Poster
Join Date: Aug 2007
Location: Sydney, Australia
Posts: 1,852
It's an interesting move for sure... a very flexible aircraft which could as you say edge out some 777s and A330s, and yet 2028 delivery comes two years after the A330s start to get a flatbed regional business class... you'd usually expect an order to be a bit of a like-for-like replacement, but this one seems to redefine the current fleet/network balance to some extent.
#30
Join Date: Aug 2015
Location: Hong Kong
Programs: Cathay Lifetime Diamond
Posts: 691
Cathays woes re lack of pilots and high resignation rates have often been quoted here and in the media.
It was thus revealing to note that the pilot turnover rate at Cathay revealed by this weeks reports was in the last year a very low 2%
This despite the unions and 'pprune's ' willie wavering claims of pilots resigning in droves" oft repeated by the now unreliable SCMP
Although pilot numbers are still lower than is ideal they are half of the above's claims of 'over 1000 pilots short"
It was thus revealing to note that the pilot turnover rate at Cathay revealed by this weeks reports was in the last year a very low 2%
This despite the unions and 'pprune's ' willie wavering claims of pilots resigning in droves" oft repeated by the now unreliable SCMP
Although pilot numbers are still lower than is ideal they are half of the above's claims of 'over 1000 pilots short"