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Air China to raise fuel surcharge for domestic flights from April 5 - CCTV

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Air China to raise fuel surcharge for domestic flights from April 5 - CCTV

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The turmoil in the Middle East has led to flight diversions or cancellations, resulting in an increase in travel insurance inquiries, but premiums have not risen. Singapore Airlines, Cathay Pacific, and Lufthansa have suspended flights to and from Dubai. Insurance companies stated that while the volume of inquiries has increased, claims applications remain stable and have not seen a significant rise. Consumer risk awareness has heightened, with more travelers opting for more comprehensive insurance plans and purchasing them in advance. Insurance companies have not yet planned to raise travel insurance premiums

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CATHAY PAC AIR

Middle East conflict disrupts flights; operators report increased inquiries for travel insurance, but premiums have not yet risen | Lianhe Zaobao

Société Générale has downgraded CATHAY PAC AIR to "Neutral," expecting that the increase in fuel surcharges will negatively impact demand in the second half of the year. CATHAY PAC AIR raised fuel surcharges twice in March to cope with soaring fuel costs, with significant increases in long-haul route fuel surcharges. Although some demand may shift to Hong Kong due to disruptions in air traffic in the Middle East, the high oil price environment will suppress CATHAY PAC AIR's profits. Société Générale has cut CATHAY PAC AIR's earnings forecast for the next two years by 13% and 5%, with a target price reduced from HKD 13.1 to HKD 10.7

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"Big Banks" - Societe Generale downgraded Cathay Pacific's rating to "Neutral," expecting a negative impact on demand in the second half due to increased fuel surcharges

Cathay Pacific's Hong Kong Express (HK Express) announced that starting from March 29, it has updated the carry-on baggage fees. For passengers in the "Light Fly" and "Flexi Fly" fare categories, the carry-on baggage fee has increased from HKD 100 to HKD 130, an increase of 30%. For other booking channels, including "Online Check-in," "Customer Contact Team," and "Airport Check-in Counter," the carry-on baggage fees have been raised to HKD 180, HKD 300, and HKD 350, respectively

Hong Kong Express's "Light Fly" and "Flexi Fly" boarding baggage fees increased by 30% to HKD 130

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The Hong Kong stock ADR is expected to open 573 points higher this morning, reporting at 25,362 points. The relative stock prices and the premium situation of Hong Kong stocks to American Depositary Receipts are as follows: CKH HOLDINGS (-1.23%), CLP HOLDINGS (-0.44%), HK & CHINA GAS (4.37%), WHARF HOLDINGS (-2.94%), HSBC HOLDINGS (-2.70%), POWER ASSETS (-1.02%), PCCW (-2.11%), HENDERSON LAND (-0.13%), SHK PPT (-2.33%), NEW WORLD DEV (2.63%), SWIRE PACIFIC A (-1.53%), BANK OF E ASIA (-2.05%), GALAXY ENT (-4.82%), HANG LUNG PPT (4.13%), GEELY AUTO (9.29%), CITIC LIMITED (3.09%), CATHAY PAC AIR (-7.40%)

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The Hong Kong stock ADR is expected to open 573 points higher this morning, reporting at 25,362 points

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Korean Air will enter emergency management mode starting in April due to rising oil prices influenced by the Middle East conflict, which is impacting costs. This information was reported by a source to Reuters on March 31. Additionally, Cathay Pacific is maintaining its current plans despite the situation.

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Korean Air to shift to emergency mode in April amid rising oil prices

Cathay Pacific Airways CEO Ronald Lam announced that the airline will maintain its flight capacity despite rising jet fuel costs due to the ongoing conflict in the Middle East. The airline has experienced increased demand for long-haul flights to North America, Europe, and Australia. Lam expressed concerns about the sustainability of passenger and cargo demand if jet fuel prices remain significantly high. Unlike some competitors, Cathay Pacific has opted not to cut capacity but has implemented fuel surcharges to manage costs.

Fidelity

Cathay Pacific to maintain capacity despite rising jet fuel costs, CEO says

CATHAY PAC AIR CEO Lin Shaobo stated in Seattle that the cost of aviation fuel is concerning. If prices remain at twice the level before the conflict for a long time, passenger and cargo demand will be difficult to sustain. Despite the increase in demand for long-haul flights, the company's short-term goal is to maintain flight capacity, and cutting routes will be a last resort

Cathay Pacific CEO: The cost of aviation fuel is concerning, cutting routes is a last resort

Cathay Pacific CEO says cutting back on capacity would be a 'last resort'

Cathay Pacific CEO says cutting back on capacity would be a 'last resort'

Heavy rain, can the plane take off on time? Cathay Pacific's pilots are very strong. 😄 Happy weekend

Rainy weekend

Flying around, Cathay Pacific is still the best choice.Back to Hong Kong.This time I chose the new headphones, the previous BOSE QC35II was disliked. This time I chose the most fashionable one.

$XTALPI(02228.HK)The Cathay Pacific lounge at Hong Kong Airport is truly an amazing lounge. The pinnacle of service among global airlines. Taking a break from busy schedule to have breakfast before boarding.

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Air China to raise fuel surcharge for domestic flights from April 5 - CCTV

Middle East conflict disrupts flights; operators report increased inquiries for travel insurance, but premiums have not yet risen | Lianhe Zaobao

"Big Banks" - Societe Generale downgraded Cathay Pacific's rating to "Neutral," expecting a negative impact on demand in the second half due to increased fuel surcharges

Hong Kong Express's "Light Fly" and "Flexi Fly" boarding baggage fees increased by 30% to HKD 130

The Hong Kong stock ADR is expected to open 573 points higher this morning, reporting at 25,362 points