Simple Flying Aviation News Podcast
#182: Cathay Recovery, Qatar Ghost Flights & 3 More Stories
Aug 11, 2023
Cathay Pacific's recovery, airplanes flying longest routes, African airspace closures, bear escapes Iraqi Airways flight, Qatar's ghost flight loophole
13:02
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Quick takeaways
- Cathay Pacific is showing signs of recovery with its best first half profit since 2010 and plans for fleet expansion and share buyback.
- Airlines operating the longest air routes in the world, such as Singapore Airlines and Qantas, are shifting towards more efficient twin jets like the A350-900 and 787-9.
Deep dives
Cathay Pacific's Recovery and Future Plans
Cathay Pacific, a major airline based in Hong Kong, has faced numerous challenges in recent years, including the Hong Kong protests and the COVID-19 pandemic. However, there are signs of recovery as the airline reported its best first half profit since 2010. Cathay is aiming for a 70% recovery in flights by the end of 2021 and a full recovery by 2024. To demonstrate confidence in the future, Cathay has announced plans to buy back shares from the government and exercise options to add 32 Airbus A320neos and A321neos to its fleet.
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