DOWNFALL - What Happened To Cathay Pacific?
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- Опубликовано: 22 мар 2024
- Cathay Pacific has experienced a significant fall in the past decade, with its reputation not where it once was. But what have been some contributing factors to this damage to the airline?
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I think it’s a little late to predict their downfall, isn’t it, since they have already returned to profitability in FY2023.
No matter what, i am still proud and will continue to support Cathay, it's time for the airline to rise again.
I flew Cathay last month international and domestic China and they were solid. I hope they are able to recover.
Meanwhile, Singapore Airlines tickets are selling out fast like hotcakes and making record profits.
Yep, Singapore Airlines in my first choice now to get to SE Asia from the US.
They made the biggest profits ever in their history in 2023 and are expecting to top that again in 2024
Actually, Singapore Airlines tickets does not sell out fast like hotshits and aren't making record profits.
right now, i can only see improvements and improvements for cathay and their travelling industry. Cathay's new "Vantage Pass" promotion, their brand new aria suites, PEY and Y for 777-300ERS cabin looks absolutely stunning. took several flights with them recently and they were superb, including long haul flights. I can really see the improvements cathay are trying to make and are making. The past is the past, we should now talk about the recovery road for cathay instead. It will only be better and better.
I hope Cathay Pacific can make a full recovery
Not while HK remains HK. This is not an airline problem.
@@PaleoWithFries unfortunately I agree with you
They’ve already returned to profitability as at 2023.
They will recover, no doubt about that. HK is the most optional hub in Asia.
@@PaleoWithFriessame, former local who left the place and despise the NSL(same as that painter did to germany)
2:53 Two Cathay Pacific A380s performing a barrel roll safely - at night.
Epic sight.
A380? Cathay never ordered the A380. Also, that section of the video has been blacked out.
@@sainnt look closely. Try it again.
Thanks for proving the point of missing the joke. @@sainnt
@@smoketinytomYep .. you got me. 😂😂
I finished this video with the exact amount of info that I had before opening this video. The whole purpose of these videos is so analysts and industry monitors like you can use some brevity to explain your insights. Seems like all you did was read two articles and reproduce their content in a video. I wanna know what decisions were there that contributed to the 'rut' you mentioned? Yeah political unrest and covid are easy examples, where's the insight?
I flew cat hay pacific in 2022 and was impressed. Their costumer care was excellent. I hope they continue.
What happened to Cathay Pacific is basically the same as what happened to Hong Kong. The CCP happened.
Yes - this.
Precisely. No video or rocket science is needed to figure this.
It’s not helped by the fact that Air China is the second largest stakeholder in Cathay, after the parent company Swire.
yes, it was not "unrest in hongkong" that was the first nail into the coffin, it was the thuggery of the CCP. i don't understand why cathay doesn't take their airplanes and starts somewhere else. who in the living hell wants to change airplanes in china?
Used to love transiting thru HK, now no more. CCP happened.
Honestly I’d say Cathay is slowly building back it’s reputation. I flew their 777-300 and A330 this year and the flights were top quality. They have almost resumed their entire fleet that were parked previously. It will take time and even though they have had a few flight cancellations recently due to pilot shortages, I believe they can gain its former glory.
flying to hong kong from singapore soon. would you say it’s worth the extra ~80 usd to fly cathay?
Having flown this airline, the flight attendants were amazingly rude.
@@ravipeiris4388 This is true. I heard that Cathay Pacific is the type of company which attract flight attendants who just want to live the life as a flight attendant but hate to serve. Only consider CX when you want to avoid majority of travelers by affording the extra, while having no expectation on services.
Flew them 6 times last year, 4 more later this year. I hope they can recover, great airline!
The Chinese Communist Party is making Hong Kong less and less attractive to tourists with more restrictive laws.
Personally, I'd love to visit China and explore the beauty of the country, but can't help but be a little bit nervous about it because you just don't know what to expect.
All these fears and trepidations are having a negative impact on Cathay, but things are beginning to improve with the airline and that's encouraging.
The problem is businesses are even more sensitive to those restrictive laws, and the larger trend of decoupling / friendshoring / whatsever. China's worsening economy is not helping either.
As a result airlines are deploying smaller and older planes to HKG, while cargo carriers set up hubs elsewhere instead. I doubt Cathay can maintain current profitability in such an environment once the ticket prices return to pre-COVID levels.
Regarding Chinese tourism, even if the regime is more open, the country itself is having some Galápagos syndrome, which makes it tricky for foreigners or even non-mainland Chinese to navigate around. International brand credit cards for example are seldom accepted.
@@steinwaldmadchen Wow, I didn't even know about those issues. However, I do think that Cathay has a strong enough brand to overcome those issues. A lot of goods are still made in China and they have to be shipped. Many businesses around the world, especially in Africa, purchase goods directly from China and most are flown out of Hong Kong. Once the political tensions die down, things will slowly trend towards normal
@@sainnt It's hard to predict the future, but for certain changes are expected.
I don't doubt Cathay's management as long as they are still in Swire's hand. But they just won't be the same airline we used to know, for better or for worse.
Will we see 5x daily between HKG and JFK again? Probably not. Maybe we might see them expanding elsewhere though.
@@steinwaldmadchenAgreed. However air travel is trending up. Decreasing business travel is making way for increasing leisure travel, and leisure travelers are also increasingly demanding comfortable travel, so premium carriers like Cathay still have a place in the industry. Their business model may evolve, but in the long run I think they'll be ok.
@@steinwaldmadchenYup, I don't have first-hand experience of this but apparently places like Shenzhen are all about "cashless" but it's hard for a foreigner to even begin to use the China-only apps much less trust them.
Sad ... one of my favourites.
You get what you sow, no sympathy for them
I'm not surprised ... they are far too expensive. Case in point for a 3 month trip (return) from London to Manila is £1,052 compared to Saudia's £598
Who the hell fly Saudia? Supporting one of the worst dictatorships in the world. Where’s your ethics? How can you compare only price? 🤯🤦♂️🤡
People also don't want to transit through China also Singapore and Qatar have picked up the slack ... I used to fly cathay but switched to SQ during the pandemic
Lots of black screen dude.
Too much cost cutting. Charging first class prices for a second rate product. Competition got better, they got worse. They're done.
Eventhough they are in deficit....20 % pay rise for top 20 executives....nada for cabin crew and regular staff ! 😤
Problems aside, Cathay is an airline id have no hesitation flying in the future. Past experiences with Cathay have been Top Drawer, to say the least...
Over 3mm miles with CX, a long time HK expat and married to a CX flight attendant. CX has definitely suffered and unfortunately its reputation and future is tied 100% to that of HK in general - which IMO is very dismal. Its days as a top int'l airline are over, as is HK's days as a major world city
The key decisions made by key executives for the Cathay group, including the cut of jobs and closure of Cathay Dragon, its regional brand that mainly operates Chinese routes, during the pandemic, in my opinion, is a wrong decision because it caused pilot and crew shortage that later caused flight cancellations between December 2023 and February 2024. I am absolutely against these decisions because it caused inconvenience to my future trips throughout Asia, where there are a growing number of non-English speakers.
The management people were just shortsighted.
@@bennychun1021 Do you know that I'm concerned about the rising demand of passengers in Hong Kong International Airport after the COVID-19 pandemic?
Since 2023 and early 2024 I have flown Cathay from London to HK Return and HK to Singapore Return a number of times. I have tended to prefer the HK to Singapore route (and I don't mind T4 Changi) though I feel its competes & matches its services with Singapore Airlines. Generally I have enjoyed the experience of flying with Cathay over SQ and BA. i do understand that the airline had struggled since covid but so did many other airlines. Do note that Cathay's Skytrax ranking was number 8 in 2023 where in the previous year it was number 16 which is quite a jump. The only other top 10 airline that made such a jump in the Skytrax was EVA air (Taiwan)
I will continue to use Cathay as much as I can
How much was the handing back of Hong Kong to China? Culturally? Politically?
Considering that happened 27 years ago, not a major factor today.
Now that John Lee is sticking his nose into Cathay ... it will only get worse !😭
maybe the video was a bit late.....but 2023 CX made 1.2 Billion USD net profit.....
This immediately came to mind. Visitors to HK are skyrocketing and CX is already profitable again. What downfall?
Simple - rename it to China Pacific Airways will fix the issues
Cathay Pacific, in spite of everything that’s happened, is still my favorite airline when it comes to trans-pacific routes. 🥇
CP is done.
You and your research are stuck in 2021 mate…
The kid has no idea what his talking about
Can’t get qualified pilots after abusing them for years. Aircraft parked
They are trainning the captain but still lack of captain for the service.
Poor managerial decisions. Also, staff clueless hostility to their main customer base of 1.4 billion people. Worse still this arrogance continues to this day. Check mainland social media and incidents are regularly reported to the public. The public is also turning to other carriers. Loser is CP.
It’s actually recovering quite well rn loll - record profits - they just need to stop money pinching too much
Can't wait for them to resume services from Adelaide Airport with the new Aria suites I will definitely fly with Cathay Pacific.
Transiting through Hong Kong is now a security issue. You could be detained for just the wrong words...
yes taken hostage for some feeble and outlandish reason
I don’t think that is based on actual events. That is just extreme extrapolation coming from political pundits with an agenda.
I have never had a problem going into Hong Kong. Even complained to the immigration officials about the pandemic restrictions.
What!
This is not really true at all. I wonder the only one still at pandemic era is not CX while it is likely the editor.
CX has not fully recovered to 100% it is true but what CX is doing is much better than many airlines. CX has already made profit and distributed a huge amt of bonus to their staff.
We should be objective to see what CX is gaining back ppl trust instead of just looking macro factors and history.
The editor is an amateur. He is clueless and only comments in what he sees on the surface and doesn't do the research of what is actually happening.
The new CEO looks like an innocent college student and I’ve criticised him for his poor outfit on their own channel (no response of course!) As I’ve now retired from corporate I fly mostly for leisure and I choose the cheapest for short haul, and the best for long haul. This summer I am flying Business Class to Europe for summer holidays- sorry not with Cathay but Singapore Airlines for their A380 n world class service. Why would I spend such money on Cathay with nothing that excites me other than the convenience of non-stop flights?!
Singapore Airlines is the best and will always be my choice. Also, I much rather fly into Singapore than Hong Kong any day. Much more friendly and democratic
too comfortable with cutting expenses and too late to reinstate the proper salary is one of the problem for recovering airlines. high profit, but going nowhere with human factor moral going extremely lower
happened everywhere anyway
Just flew them in business long haul and they were fantastic - both on their A340-1000 - everything from great crew,food and on-time performance
The brand tarnished the brands image… they are just restarting first class service to jfk after years of just offering business class on one of their longest routes
I am angry that Cathay Pacific refused to resume Cathay Dragon operations even after recruiting Putonghua-speaking flight attendants in mainland China in June 2023 and consolidated its flights in January and February 2024.
Why tho?
@@Bloboii It's because I'm concerned about the Cathay Pacific discrimination scandal and the cancelation of multiple flights operated by the airline itself per day. That's why I'd like to see Cathay Dragon making a comeback in the future, but it refused to do so!
@@thyip6167i want asking why do you want dragon to be back? I’d want it too but still, i see no profit for the comeback
@@Bloboii I say again, it's because I'm concerned about the Cathay Pacific discrimination scandal and the cancelation of multiple flights operated by the airline itself per day.
There's a bigger trend of merging narrowbody subsidiaries back to the mainline, as witnessed in SilkAir and Thai Smile for example.
I don't see any problem for shutting Cathay Dragon by itself - the only problem is execution.
In all honesty, I can see why their reputation declined, but I think that was before the pandemic hit. The pandemic damaged the company, but not the brand or the reputation too much. I flew with them recently on their a350s and 777-300ER, and I found that their economy class is a top-notch product. Their new IFE is definitely the best in the world, the meals and snacks are great, the seats are comfortable (especially on the a350-1000 it was super comfy!) and functional, and you can see that they are putting effort into their hard and soft product (Their new IFE, metal cutlery in economy). The crew were hit and miss, with 2 sets of brilliant crew, and 2 sets of average crew. I think they still have one of the best economy products in the world.
How is their economy class seating? I haven’t been with CX in over a decade because I found their seats too small.
@@canto_v12 In all honesty, the seats are all comfortable. The economy class seats on the A350-1000 are exceptional in terms of comfort. Cathay are definitely on the higher end of the spectrum in terms of seat pitch and width for sure. The screens are all at least 11 inches (apart from the a330), and all the seats have a device + cupholder tray (apart from the a330, again). I would absolutely recommend flying with them. My only gripe is the fact that they switched to a 3-4-3 on the 777, which is noticeably narrower than their A350 seats. Just try booking on the A350 if you do decide to fly with them again... anyhow I would still prefer the CX 777 seats over most other airlines in economy.
@@barcafan9025That's good to hear! Thanks for updating me. Will consider CX in the future, if the price is right.
@@canto_v12 All good!
Cathay was a wonderful airline back in 2018, but yeah, China’s treatment of HK, China’s Sabre Rattling about Taiwan…no Taiwanese National I know will ever be flying through HK again for reasons I won’t go into, but if you know you know. Basically the whole world sees China very negatively now, and Cathay is paying the price. I will never fly Cathay again.
I have flown Cathay a couple of times and they were very good, but that was long before the arrival of the CCP or covid in HK. I hope they as a company can rise again, but I have a personal reason (nothing to do with anything directly connected with the airline) for hoping not all the staff retained their jobs.
❤❤❤❤❤❤❤
Cathay literally posted the highest profit in years recently
I am not sure why you are still targeting them…
^ facts
Overzealous Covid rescrictions didnt help
Hong Kong should have reopened earlier. We already know the mainland didn’t stop HK from reopening. It could have been gradually eased sooner.
Cathay is still my favourite airline, hope they, as well as Hong Kong will recover!
do a DOWNFALL for avianca, nobody cares about that airline anymore
That would be a good idea. Avianca is one of the world's oldest airlines still operating, it's over 100 years old and used to be one of the most respected and renowned airlines in Latin America, the pride of Colombia. But now the latest reviews I've seen have invariably shown HORRENDOUS service, not unlike flying Spirit or Ryanair but with full-service fares. Avianca usually still has lower fares in a region where true low-cost airlines are scarce, but that's now its only selling point.
Cathay Pacific
highly doubt CX will recover, serious mismanagement and disgruntled pilots. I know a few CX pilots who have left the airline for greener pastures. CX is a shell of what it was, I think it's been like this long before the HK protests and is not linked to it. CX downfall is self inflicted.
Maybe the fact Air China’s bought a controlling stake in Cathay has something to do with it.
@@CoSmicGoesRacing
Yeah but Air China has been a shareholder for a while, Swire still owns the largest share at 45% while Air China owns 30%. Although they may buy more shares, wouldn't be surprised if they eventually got absorbed into Air China given Swire is an example of colonial rule.
Cathay’s capacity has gone above pre-pandemic levels. FYI
China Happened 😂
You’ve been bashing Cathay for years, its clear you’ve been wrong every time
One of these policies might be The New National Security Law article 23 prohibits anything against Xi Jinping. If you want another airline that offers the same five star Skytrax rated service as CX neighboring Japan South Korea Singapore and Taiwan offer on JL NH🇯🇵 KE OZ🇰🇷 SQ🇸🇬 and BR🇹🇼.
Article 23 doesn’t say anything about Xi Jinping. I’ve read it.
nice pictures but this guy says the same thing over and over and over again_ could have summed it in less than 2 min
Cathay for life!
Hongkong tried to protest against the economy that fed the city, and is now paying the price. Ideological pursuits are not free, and the freedom fighters need to be ready to pay the price.
you sound confused at best
Not really a Cathay issue but a broader HK issue. But that’s water under the bridge now.