This flight was also the world's first nonstop transpolar flight from New York to Hong Kong. The stake of the three major stakeholders, Swire Pacific, Air China and Qatar Airways will fall to 42%, 28% and 9.4% due to the government stake. [85], In February 2019, the airline issued a profit alert to the Hong Kong Stock Exchange indicating a profit of HK$2.3 billion for the 2018 financial year, signalling early signs of success of its transformation. [47] The dismissals were challenged in a number of legal proceedings, but none were reinstated. We guarantee an excellent freight forwarding service to and from anywhere in the world. However, you are required to have an HSBC Investment account before logging on to Stock Express / U.S. Stock Trading Service. 96% of flights have already been slashed for the months of March, April and May, and the group's subsidiary HKExpress is currently suspending all flight operations from 23 March to 30 April 2020, due to reduced demand. [72] In October, Cathay Pacific scrapped its profit forecast for the second half of the year, less than two months after its issuance. By 1947, it had added another five DC-3s and two Vickers Catalina seaplanes to its fleet. YTO Express Holdings trades in Hong Kong. Diamond Plus and Diamond members are "considered in the same tier in every aspect". Daily Quotations 246/201229 THE STOCK EXCHANGE OF HONG KONG LIMITED (A WHOLLY-OWNED SUBSIDIARY OF HONG KONG EXCHANGES AND CLEARING LIMITED) EXCHANGE SQUARE, HONG KONG TEL: 25221122 DATE: 29 DEC 2020 (TUESDAY) MAIN BOARD AND TRADING ONLY STOCKS DAILY QUOTATIONS "Hong Kong Exchanges and Clearing Limited … [17] Farrell and de Kantzow re-registered their business in Hong Kong on 24 September 1946 as Cathay Pacific Airways Limited,[10][11] while another sister company, The Roy Farrell Export Import Company (Hong Kong) Limited, was incorporated on 28 August 1946[11] and chartered some flights from Cathay. [68] Tony Tyler left his position as CEO at the airline on 31 March 2010 to pursue his new job at the IATA. Cathay Pacific operates narrow-body, wide-body, twin-engine commercial fleet composed of Airbus A321neo, Airbus A330, Airbus A350 and Boeing 777 aircraft. They named the airline Cathay, the ancient name given to China, and Pacific because Farrell speculated that they would one day fly across the Pacific[13]:56 (which happened in the 1970s). At the same time, Cathay Pacific had taken delivery of several new aircraft types, including the Airbus A330-300 and Boeing 777-300ER. holiday in Hong Kong and any day on which a tropical cyclone warning no. We enhance your logistics operations by relieving you of the worries often associated with freight forwarding. [13]:29 The company began freight services on 28 January 1946 from Sydney to Shanghai, after Farrell and Russell flew the plane to Australia and obtained a license to carry freight (but not passengers) earlier that month. A member of YTO Express (International) Holdings Limited (Stock Code: 6123.HK). [22]:41, 104. [citation needed] As of 31 December 2017[update], the airline is still 45% owned by Swire Group through its subsidiary Swire Pacific Limited, as the largest shareholder. [53][54][55], Dragonair had originally planned significant international expansion. The strategy focuses on 5Ps - Places, Planes, Product, People, and Productivity to find new sources of revenue, deliver more value to its customers and improve efficiency and productivity.[79][80]. Hong Kong on 22 March 2018 confirming the registration of the Company’s new name “YTO Express (International) Holdings Limited圓通速遞（國際）控股有限公司” in Hong Kong pursuant to Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong). Cathay Pacific introduced a Premium Economy Class in March 2012. The judges also modified the judgment awarding payment of legal costs to the pilots and instead said that they should now pay some of Cathay's costs. [citation needed] It comes from a Chinese idiom meaning "peace and prosperity"[19] and was at the time often used by other businesses called "Cathay" in English. Of the 21 officers of the HKAOA, nine were fired, including four of the seven union negotiators.[47]. SF Express was established in 2010 by entrepreneur Dick Wong, who was born in Shanghai, grew up in Hong Kong and is now the country’s fourth-richest man, according to the latest Forbes China Rich list. Additional benefits for Silver Card members include advanced seat reservations, priority waitlisting, Business Class check-in counters, 10 kg (22 lb) extra baggage allowance, priority baggage handling, and Business Class lounge access when flying Cathay Pacific operated flights. Cathay Pacific is the world's fifth largest airline measured by sales, and fourteenth largest measured by market capitalisation. The Beijing government, which is a shareholder in Cathay Pacific, ordered Cathay to suspend any employees who participated in the protest. YTO Express chairman Yu Huijiao and his wife, who are the controling shareholders, sold the shares to Alibaba at 17.406 apiece. [13]:53 On Cathay Pacific's maiden voyage, de Kantzow and Peter Hoskins flew from Sydney to Hong Kong via Manila. [110] It was first unveiled on a Boeing 777-300ER (B-KPM), in preparation for the delivery of the first Airbus A350 for Cathay Pacific. The airline at the time estimated that it would face no further cash costs from the hedges if the average market price stood at US$75, enabling it to recoup provisions it made in 2008. At 1400 Club Points, members will be issued with two First or Business lounge vouchers for their travelling companions or members on their Asia Miles Redemption List. [citation needed], Marco Polo Club Diamond tier status is equivalent to Oneworld Emerald tier status, which entitles members to Oneworld Emerald benefits when travelling on a Oneworld member airline. [30] In 1979, the airline acquired its first Boeing 747 and applied for traffic rights to fly to London in 1980, with the first flight taking place on 16 July. [73], From 15 September 2016, Cathay Pacific decided to reintroduce fuel surcharge on many flights after its half-year net profits dropped over 80% and it suffered HK$4.5 billion loss from wrong bets on fuel prices. Thank you for your interest in using the Stock Express / U.S. Stock Trading Service. ... 6123.HK on Hong Kong Stock … In November 2015, the airline revealed a refreshed version of its previous livery, featuring a simpler paint scheme while maintaining their trademark brushwing on an all-green tail. [56] It had also acquired three Airbus A330-300 aircraft to commence services to Sydney and Seoul. In addition, there is a codeshare agreement with Bahrain Limo for bus services between Bahrain and Dammam. MarketScreener Homepage > Equities > Hong Kong Stock Exchange > YTO Express (International) Holdings Ltd 6123 KYG675461043. YTO Express Group Co.,Ltd. [61], In June 2008, Cathay Pacific entered into a plea bargain with the United States Department of Justice in respect of antitrust investigations over air cargo price-fixing agreements. [13]:53 The airline initially flew routes between Hong Kong, Sydney, Manila, Singapore, Shanghai, Saigon, Bangkok,[13]:58 with additional chartered destinations. We also do warehousing and value-added logistics and distribution. The hedging losses were a result of locking in fuel prices at higher than the prevailing market price. The Court concluded: "Accordingly, most (possibly all) union-sponsored action is potentially protected by s 21B(1)(b), but if the action is not carried out "at [an] appropriate time", it is excluded from the provision". [163] For Manila-Hong Kong, they usually serve snacks in a snack bag, called a complimentary snack and drink. [citation needed], Marco Polo Club Silver tier status is equivalent to Oneworld Ruby tier status, which entitles members to Oneworld Ruby benefits when travelling on a Oneworld member airline. However, as a result of the global economic situation, the Group reported an operating loss. Cathay Pacific Airways Cathay Pacific Airways, Learn how and when to remove this template message, Paris Charles de Gaulle International Airport (CDG / LFPG), New York John F. Kennedy International Airport, International Federation of Air Line Pilots' Associations, Cathay Pacific Airways Limited – CATHAY PACIFIC FACT SHEET 2017, Cathay Pacific Airways Limited – Interim Report 2016, "Cathay Pacific, Hong Kong Airport Become Biggest for Freight", "Flight of no return: How a Cathay Pacific plane became the first hijacked commercial airliner", "Once an Asian aviation pioneer, Cathay Pacific is now struggling to leave behind its past", "Cathay Pacific Company Research | Airlines | Aviation", "Cathay Pacific Airways Newsletter - September 1971", "BOEING'S HAPPY, HARROWING TIMES Swamped with orders, the world's No. We have more than twenty years of experience. You can also appeal to one of our support services. It is one of the founding members of the Oneworld alliance. Also, the airline serves ten French cities via a codeshare partnership with French national rail operator, SNCF, from Paris. The Court of Final Appeal agreed with the Court of Appeal's methodology for reducing the defamation damages. The breaches for which Cathay Pacific Cargo were being investigated in the US were not illegal under Hong Kong competition law. If the specified shareholding date is a Sunday or a Hong Kong public holiday, shareholding information on the preceding day which is not a Sunday or Hong Kong public holiday will be displayed. We specialize in providing local and international logistics solutions. We've grown considerably in that time: now a renowned international logistics company, our stable and independent organization has over 50 offices in 16 countries. View today's stock price, news and analysis for YTO Express Group Co. Ltd. A (600233). Benefits include dedicated 24-hour club service line for flight reservations, designated Marco Polo check-in counters, excess baggage allowance and lounge access redemption, and priority boarding. The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. Welcome to Hong Kong Exchanges and Clearing Market Website. It was named "Best Frequent Flyer Program" at the 2011 Business Traveller Asia-Pacific Travel Awards ceremony. Two Business Class lounge vouchers will be issued for their travelling companions or members on their Asia Miles Redemption List at reaching 800 Club Points. These seats are 17.5 in (44 cm) in width and have 32 in (81 cm) of pitch.[151][152]. This eliminates the need for all paper documents when issuing air waybills. Each seat converts into a fully flat bed of length 82 inches (208 cm), with a width of up to 21 inches (53 cm). [144] In 2016, upon delivery of brand new Airbus A350s, Cathay Pacific introduced a refreshed reverse herringbone seat designed by Porsche Design, with HD personal televisions and additional enclosed storage space on the side. The YTO Express (International) Holdings PE ratio based on its reported earnings over the past 12 months is 15.62.The shares are currently trading at HK$5.19.. [64], In March 2009, the airline reported a record full-year loss of HK$8.56 billion for 2008, which was also the carrier's first since the 1997 Asian Financial Crisis. Companies with Cathay Pacific Group stake include: **Shareholding held through subsidiary at 25%, another 24% held through an economic interest with total holding at 49%. Operating from Hong Kong, the company started as a local air and sea freight forwarder. [159] Foods served on flights from Hong Kong are provided by Cathay Pacific Catering Services (CPCS) facilities in Hong Kong. [6] The airline also has more Airbus A321neo, Airbus A350 and Boeing 777X aircraft on order. YTO Express (International) Holdings has net cash of HK$216m. [23] Between 1962 and 1967, the airline recorded double digit growth on average every year and became one of the world's first airlines to operate international services to Fukuoka, Nagoya and Osaka in Japan. Cathay Pacific had eight incidents and accidents over its history, although none have resulted in a hull loss or loss of life since 1972. [131], The highest tier in the Marco Polo Club. The finding that Cathay Pacific wrongly sacked the 18 pilots for their union activities was upheld. [34] In 1994, the airline launched a program to upgrade its passenger service, including a HK$23 million program to update its image. The new seats are configured in a 2-4-2 configuration, with a width of 18.5 in (47 cm). [131][132], Gold tier level is achieved or retained when the member earns 600 Club Points during the membership year. All Cathay Pacific aircraft carry the following livery, logos and trademarks: the "brushwing" livery on the body and on the vertical stabiliser, introduced in the early 1990s, and was first deployed on a Boeing 747-400 (VR-HOT, re-registered as B-HOT), ahead of the launch of Airbus A340 service for Cathay Pacific. Members of Marco Polo are automatically enrolled as Asia Miles members. - July 17, 1989", "About Cathay Pacific Cargo - Cathay Pacific Cargo", "Cathay Pacific Acquires 35% of Rival Dragonair", "Cathay Pacific – Picture of the Boeing 747-267B aircraft at Vancouver", "Cathay Pacific – Picture of the Boeing 747-267B aircraft at Hong Kong", "Cathay's Alliance Poses Threat To Rivals Among Asian Airlines", "Cathay Pacific to Run Philippine Airlines, "You Might Have Flown Over the North Pole and Not Even Known It", "Cathay Pacific Deal Is Seen to Gain Control of Dragonair", "Pilots' work-to-rule causing delays at Cathay Pacific", http://www.cathaypilotsunion.org/proceedings/CACV000268_2009.pdf, "Court of Final Appeal Issues Important Judgment about Annual Leave", "Twin legal blows for Cathay spell joy for workers", "Fact Sheet – Major Subsidiaries and Associates", "Cathay, Air China Deal Enables Dragonair Purchase", "Dragonair to more than double size of cargo fleet by end-2008", "Dragonair gets green light for Sydney/Hong Kong services", "Cathay Pacific group enters new era with rebranding of Dragonair as Cathay Dragon", "Cathay axes record 6,000 Hong Kong jobs and closes regional airline in HK$2.2 billion survival plan", "Cathay Pacific takes 60th Anniversary Skyshow on the road", "Major International Airlines Agree to Plead Guilty and Pay Criminal Fines Totaling More Than $500 Million for Fixing Prices on Air Cargo Rates", "Announcement Plea Agreement with United States Department of Justice", "Chairman speaks on Overcoming Adversity at Aerospace Forum Asia luncheon (Jun 10, 2009)", "Cathay Pacific to delay planes, review routes on loss", "Cathay Pacific's Tyler doesn't expect recovery soon", "Cathay Pacific announces senior management changes", "Flashback – Cathay Pacific Summer 1979 Boeing 747 operations", "Cathay Pacific says big slump in number of premium travelers from Hong Kong", "Cathay Pacific lowers second-half profit forecast as overcapacity, competition take a toll", "HK$109 surcharge for Cathay and Dragonair passengers flying into Hong Kong after wrong-way bet on oil prices", "Millions of passengers hit in worst airline data hack ever", "Cathay Pacific flags data breach affecting 9.4 million passengers", "Cathay Pacific data hack hits 9.4 million passengers", "UK fines Cathay for 2018 data breach but hefty European penalty avoided", "Nothing succeeds like success: Rupert Hogg, Cathay Pacific | Airlines", "Full hot meals back on TPE flights - FlyerTalk Forums", "Cathay Pacific Rolls Out 'Hong Kong Flavours, "Here's what Cathay Pacific's new business class dining concept will offer", "Cathay Pacific launches The Sanctuary by Pure Yoga in Hong Kong", "Cathay Pacific's entire wide-body fleet is getting wifi", "Cathay Pacific issues profit alert | News | Airfinance Journal", "Cathay Pacific Airways Limited - Disclosable Transaction: Acquisition of Hong Kong Express Airways Limited", "Cathay Pacific to buy airline HK Express", "Hong Kong: China bans Cathay Pacific staff seen to support protests", "Cathay Pacific majority shareholder pressed into condemning violent Hong Kong protests", "Cathay Pacific's C.E.O. Given the current economic climate, and in line with the steps being taken by other major airlines around the world, the airline has undertaken a comprehensive review of all its routes and operations. Get YTO Express (International) Holdings Ltd (YTOEF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. [31] Cathay Pacific kept its service to Vancouver in 1983, with service on to San Francisco in 1986, when an industry-wide boom encouraged route growth to many European and North American centres including London, Brisbane, Frankfurt, Amsterdam, Rome, Paris, Zurich and Manchester. [58], On 21 October 2020, Cathay Pacific announced that it would shut down all operations of Cathay Dragon and merge it with its parent company due to the lack of customers and heavy economic problems brought by the COVID-19 pandemic. [36] In 1996, CITIC Pacific increased its holdings in Cathay Pacific from 10% to 25%, and two other Chinese companies, CNAC(G) and CTS, also bought substantial holdings, while the Swire Group holding was reduced to 44%. [citation needed], On Monday, 6 July 1998, Cathay Pacific terminated flights from Kai Tak International Airport to London Heathrow Airport after over 73 years of operation. Additionally, members are eligible to use the Frequent Visitor e-Channels for seamless self-service immigration clearance at Hong Kong International Airport. [95] At one point during the crisis, only 582 passengers flew with Cathay Pacific in an entire day. The airline also has a codeshare agreement with French high speed trains (SNCF) from TGV station at Paris-Charles de Gaulle Airport to ten French cities. [41][42] Cathay Pacific temporarily took over the domestic and international operations of Philippine Airlines during its two-week shutdown from 26 September to 7 October 1998. Despite de Kantzow being a British subject through his Australian roots, Farrell was an American, thus forcing them to sell their majority stake. [62][63], In September 2008, three of Cathay Pacific's top ten global accounts, Lehmann Brothers, AIG and Merrill Lynch, hit financial trouble. The … [16] Farrell purchased the airline's first aircraft, a Douglas DC-3, nicknamed Betsy, at Bush Field, New York City in 1945. [106][107][108], The brushwing logo consists of a calligraphic stroke against a green background; the stroke is intended to appear like the wing of a bird. We don't do just air and sea freight. [44], The 2000s saw Cathay Pacific experience labour relations issues while completing the acquisition of Dragonair. Cathay Chairman, John Slosar, responded saying, "We employ 27,000 staff in Hong Kong doing all sorts of different jobs ... we certainly wouldn't dream of telling them what they have to think about something. [33], In January 1990, Cathay Pacific and its parent company, Swire Pacific, acquired a significant shareholding in Dragonair, and a 75% stake in cargo airline Air Hong Kong in 1994. HONG KONG, Sept 29 (Reuters) - Shares of Chinese delivery firm ZTO Express (Cayman) Inc 2057.HK were trading nearly 9% above their offer price as the stock debuted in Hong Kong on Tuesday. One Business Class lounge voucher will be issued for the member or their travelling companion at reaching 200 Club Points Members are required to earn 20 Club Points or pay US$100 for membership renewal. YTO Express Group, the … According to legend, the airline's unique name was conceived by Farrell and some foreign correspondents at the bar of the Manila Hotel,[10][13]:55 while another narrative was the name was taken in the Cathay Hotel in Shanghai Bund, during drinking and brainstorming, and choosing Cathay was to avoid the word China in the airline name. [92] By late September, Cathay Pacific and Cathay Dragon had terminated the employment of 31 aviation professionals or forced their resignations on the basis of their participation in protests or expressions of support for them. YTO Express (International) Holdings's Balance Sheet . Additional benefits for Gold Card members includes a guaranteed Economy Class seat on Cathay Pacific flights booked 72 hours before departure, 15 kg (33 lb) or one piece of extra baggage allowance, Business Class lounge access with one accompanying guest when flying Cathay Pacific and Oneworld-operated flights and arrival lounge access when flying Cathay Pacific-operated and marketed flights. On 10 June, Cathay Pacific and the Government of Hong Kong jointly announced a HK$39 Billion recapitalization plan and rescue package for Cathay Pacific. [10][11][15] Both de Kantzow and Farrell were ex-air force pilots who had flown the Hump, a route over the Himalayan mountains. The airline's operations and subsidiaries have scheduled passenger and cargo services to more than 190[4][5] destinations in more than 60 countries worldwide including codeshares and joint ventures. Yto Express (International) Sees HY Net Profit Increase By About 1,400% Tuesday, 18 Aug 2020 . [18] Moreover, to avoid the name "Air Cathay" as it had already been used in a comic. Our Fashion Logistics services contribute to the success of our customers. That's on their conscience, I hope they can live with that. YTO Express (International) Holdings Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. [13]:36–37 Its first commercial flight was a shipment of Australian goods. [111] The second aircraft was a freighter aircraft, Boeing 747-400ERF (B-LIA). He noted that it could take 20 passengers in economy to make up for the lost revenue of one fewer first class passenger flying to New York from Hong Kong.[67]. Our sea freight service stands for reliability, flexibility and transparency. [134], Beginning in 2007, Cathay Pacific launched more methods to check in for flights. GeminiJets Models Hot New Photos – Top 100. YTO EXPRESS (INTERNATIONAL) HOLDINGS LTD (6123) Add to my list. The matters to be decided upon by the Court concerned wrongful termination of contract and the level of damages for defamation. The investment marks a further step in DHL Express’ expansion of its intercontinental air network to meet customer demand in fast growing international express shipping markets. The Premium Economy Class seat offers a higher level of comfort with more living space in a separate cabin before the Economy Class zone. Combined with the work to rule campaign, the airline was unable to cover all of its scheduled flights, and cancellations resulted. [2] Cathay City was scheduled to be built in increments between April and September 1998. [71], During the first half of 2016, Cathay Pacific's passenger yields fell 10 per cent, to the lowest in seven years as competing airlines from Mainland China increased direct service to the U.S. and Europe, hurting the company's revenue from its Hong Kong hub. [13]:234[16], In 1948, a new legal person of Cathay Pacific Airways was incorporated,[11][16] with John Swire & Sons (now known as Swire Group),[11][20] China Navigation Company, Australian National Airways being the new shareholders of the new entity,[11] acquiring the assets from the old legal person;[11] the old legal person, was renamed into Cathay Pacific Holdings, as well as retaining 10% shares of the new Cathay Pacific Airways. The keystone of our integrated Fashion Logistics services is our global network. [145], The new Regional Business Class is provided on Cathay Pacific's regionally configured Boeing 777s (excluding the 777-300ER) and selected Airbus A330-300s. 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