Members of the Association of Asia Pacific Airlines collectively have set an “aspirational target” of 5% sustainable aviation fuel (SAF) usage by 2030.
Cathay Group CEO Ronald Lam has told employees that post-pandemic, rivals “have emerged leaner, fitter and they are eager to take customers away from us.”
While Hong Kong has eased its COVID-19 entry rules slightly, Cathay Pacific is calling for more significant steps to remove constraints on passengers and air crew.
Improvements in the outlook for Cathay Pacific have prompted the carrier to cut its projected cash burn and inch closer toward achieving positive cashflow.
Cathay Pacific is launching a corporate sustainable aviation fuel (SAF) program, allowing companies to purchase SAF for their employees’ flights and reducing Scope 3 carbon emissions from business travel or cargo transportation.
While Cathay Pacific’s March statistics continued to reflect its dire predicament, April should see some degree of improvement as Hong Kong eases COVID-19 border restrictions.
The Hong Kong government has taken another step toward reducing COVID-19 travel restrictions for airlines, prompting Cathay Pacific to incrementally boost its schedule.
Cathay Pacific managed a return to profit for the second half (H2) of 2021, although this hard-won progress is under threat in the early months of 2022 due to stricter COVID-19 regulations in Hong Kong.
Cathay Pacific has dramatically cut back its planned capacity in response to the latest crew quarantine requirements and flight restrictions imposed by the Hong Kong government.
The tightening of regulations may help Cathay Pacific regain cashflow by opening up the mainland border and targeting the faster-recovering Chinese market.