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Patrick Healy

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Patrick Healy
The latest news, analysis and opinion on Patrick Healy. In-depth analysis, industry insights and expert opinion.
Paul Chan is leading a delegation to the Saudi Arabian capital. Photo: SCMP
Hong Kong transport

Cathay’s Hong Kong-Riyadh flights ‘will unlock business, travel opportunities’

Hong Kong flag carrier has relaunched a direct passenger service to the Saudi Arabian capital Riyadh, with the first flight on Monday.

Hong Kong International Airport

Are Cathay’s pilot crunch, capacity issues hampering Hong Kong’s hub ambitions?

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Cathay Pacific

Hong Kong’s Cathay pushes jet orders to over 100 as part of HK$100 billion plan

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Cathay Pacific

Hong Kong’s Cathay reports 15.3% drop in year-on-year profits in first 6 months

Group chairman Patrick Healy attributes ‘strong’ results to robust travel demand and announces first post-pandemic interim dividend payment.

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Cathay says it has restored passenger capacity to 80 per cent of pre-pandemic levels so far. Photo: May Tse
Cathay Pacific

Editorial | High expectations on Hong Kong’s Cathay executives to deliver after pay rise

City flag carrier, having been bailed out by taxpayers, must now redouble efforts to restore city’s status as an international aviation hub.

Hong Kong aviation

Hong Kong should fully regain status as global aviation hub by end of year: IATA

International Air Transport Association director general Willie Walsh says he went from being pessimistic to optimistic over Hong Kong’s ability to recover its aviation hub status after seeing how fast Cathay rebuilt itself.

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Cathay Pacific

Hong Kong’s Cathay sticking to rebuilding plan with new routes to come later

Cathay chairman Patrick Healy says carrier has no plans yet to expand its network or to bring forward its target.

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Cathay Pacific Airways will stick to its timeline for achieving full pre-pandemic capacity, its boss says. Photo: Elson Li
Hong Kong economy

Hong Kong’s Cathay pays bosses 20% more despite flight blunders, ongoing woes

Cathay Pacific paid about HK$60.62 million to its 20 executive directors last year, up 21.6 per cent compared with 2022.

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Cathay Pacific

Editorial | Hong Kong’s Cathay must address hopes on lower fares and improved service

Return to profit by city airline is welcome, but addition of routes, increased flight frequency and friendlier prices rest on more planes and workers

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Cathay Pacific

Hong Kong’s Cathay ‘learns lesson’, pushes back capacity target by 3 months

CEO Ronald Lam says company has taken prudent approach in restoring its passenger flight capacity after recent setbacks.

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The Cathay Pacific Group carried 17.98 million passengers in 2023. Photo: Jonathan Wong
Business of climate change

PET peeve: should Hong Kong’s recycling industry head for the bins?

Hong Kong’s recycling pace lags that in Europe and the US, but government intervention could help transform the landscape as growing landfills contaminate the soil.

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Illustration: Henry Wong
Cathay honours staff’s professionalism

Cathay recognises employees’ exceptional customer services and contributions behind the scenes with the annual Niki and Betsy Awards

Cathay honours its extraordinary people for their dedication to service excellence with the yearly Niki and Betsy Awards.

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Cathay Pacific Airways
Hong Kong economy

Editorial | Cathay result gives hope that business is on path to recovery

Hong Kong’s flagship carrier has for the first time in three years reported a net profit. But challenges remain, so it is important that the airline and the community remain focused.

Cathay Pacific

Earnings at Hong Kong’s Cathay soar to HK$4.3 billion in first half of 2023

Carrier’s performance rebounds strongly from HK$5 billion loss reported in the same period last year.

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Cathay Pacific’s return to profitability follows losses of HK$33.7 billion over three years during the pandemic. Photo: Jonathan Wong
Hong Kong

Outside In | Hong Kong’s future as an aviation hub is up in the air

After three pandemic years, global aviation is expected to return to profit this year, but some regions are recovering faster than others. The Asia-Pacific is lagging behind North America, and Hong Kong, having faced severe reputational damage as a regional aviation hub, faces an uncertain road to recovery.

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A view of Cathay Pacific aircraft at Hong Kong International Airport on May 21. Photo: Jonathan Wong
Cathay Pacific

Hong Kong’s Cathay fare prices won’t drop until end of next year: CEO

Ronald Lam tells shareholders ‘aggressive’ target of 70 per cent pre-pandemic passenger capacity by year-end unlikely to increase.

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Cathay Pacific

Hong Kong’s Cathay Pacific posts loss of HK$6.5 billion for 2022

Cathay CEO Ronald Lam says group hopes to make profit this year, but it is ‘too early to say’.

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Hong Kong economy

Hong Kong’s Cathay Pacific set to boost flights to Bangkok, Thai holiday spots

Hong Kong’s flagship airline will double the number of flights to Bangkok to four a day in December, from the current two, Cathay chairman Patrick Healy says.

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Cathay Pacific aims to get capacity back to 70 per cent of pre-pandemic levels next year. Photo: Yik Yeung -man
Cathay Pacific

Hong Kong’s Cathay Pacific appoints Ronald Lam CEO as it builds capacity

Cathay Pacific intends to add hundreds of flights during last two months of this year as it seeks to build back capacity.

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Hong Kong economy

Hong Kong airport left far behind as Singapore Changi takes No 1 spot

Easing of hotel quarantine rules not enough to safeguard city’s aviation hub status, experts warn.

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Coronavirus Hong Kong

Swire Pacific to buy back US$510 million own shares as profits rise

The buy-back – one of the biggest ever in Hong Kong – comes amid narrowing losses at Cathay Pacific and a dip in profits at Swire Properties

Swire’s Offices in Hong Kong’s Admiralty district, pictured in August 2020. Photo: SCMP / K. Y. Cheng
Hong Kong economy

Hong Kong’s Cathay Pacific Airways posts loss of nearly HK$5 billion

Figure is 33.9 per cent down from losses reported in same period last year.

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Hong Kong’s Cathay Pacific has been hard hit by the pandemic. Photo: Winson Wong
Cathay Pacific

Hong Kong government extends HK$7.8 billion loan to Cathay Pacific for 1 more year

Funds are part of the government’s rescue package provided in 2020 to help struggling airliner stay afloat.

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Coronavirus Hong Kong

Second business chamber joins call for Hong Kong to scrap travel quarantine

Hong Kong General Chamber of Commerce says John Lee should make normal travel with mainland China priority, while European Chamber of Commerce hopes city can provide mainland with example of how to reopen to world.

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Coronavirus Hong Kong

Opinion | Hong Kong’s ‘new normal’ still feels anything but

After two years of Covid-19, the return to ‘normal’ is underwhelming: new cases are still emerging, borders remain closed, and businesses continue to struggle. While John Lee may be focused on uniting our city, there is much work to be done to reconnect – and catch up – with the rest of the world.

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A woman self-tests for Covid-19 using a rapid antigen test, or RAT, on April 8. Photo: Felix Wong
Cathay Pacific

Cathay Pacific chairman says Hong Kong ‘falling behind’ as world opens up

Cathay Pacific also says it expects cash burn would fall below HK$500 million ‘for the next few months’ due to recent relaxation of quarantine restrictions.

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Cathay Pacific could risk losing it coveted runway spots at overseas airports if current low levels of activity continued, its chairman warned. Photo: Reuters
Aviation

Inside Out | Cathay Pacific is not alone as aviation sector flies into dark, black night

Hopes of a long-awaited recovery from the Covid-19 depression have been crushed, with the aviation industry again caught in the crossfire. Rising oil prices, airspace bans and other measures are shaking the industry just as there were signs of light at the end of the tunnel.

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Cathay Pacific

Hong Kong’s Cathay Pacific reports loss of HK$5.5 billion for 2021

Carrier’s passenger capacity is just 2 per cent of pre-pandemic levels, as it burns HK$1.5 billion monthly in cash.

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