Cathay Pacific half-year profit ticks higher on higher passenger volumes, low fuel costs
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Reuters
29 minutes ago
- Reuters
Cathay Pacific shares fall more than 4%, a day after results
HONG KONG, Aug 7 (Reuters) - Shares of Cathay Pacific Airways ( opens new tab fell 4.5% in early trade on Thursday after the Hong Kong flagship carrier warned of declining airfares, challenges at its budget carrier and uncertain cargo market conditions. Stock of the airline fell to HK$10.36 per share, the lowest level since June 24. That compared to a 0.3% gain in the broader market (.HSI), opens new tab.
Reuters
29 minutes ago
- Reuters
United Airlines flights resume after it resolves technology glitch
WASHINGTON, Aug 6 (Reuters) - United Airlines (UAL.O), opens new tab said a technology issue that led to a brief grounding of its flights at U.S. airports on Wednesday had been resolved. "While we expect residual delays, our team is working to restore our normal operations," the airline said. The outage, which lasted for more than an hour, prompted ground stops at several major United hub airports including Newark, Denver, Houston, and Chicago, according to the U.S. Federal Aviation Administration's website. United did not provide details of the technology issue that grounded flights, but a source familiar with the matter said the airline had suffered an outage of its weight calculation system. As of 9:25 p.m. ET (0125 GMT on Thursday), flight tracking data from FlightAware showed that 870, or 28%, of United flights had been delayed on Wednesday. United's outage came a few weeks after Alaska Airlines grounded all of its flights for about three hours due to an IT outage for the second time in just over a year. In April 2024, Alaska grounded its entire fleet due to an issue with the system that calculates the weight and balance of its planes.
Reuters
an hour ago
- Reuters
United Airlines grounds flights at US airports over technology glitch
WASHINGTON, Aug 6 (Reuters) - United Airlines (UAL.O), opens new tab said it had grounded its flights at U.S. airports on Wednesday due to a technology issue, and warned of additional flight delays in the evening. "Due to a technology issue, we are holding United mainline flights at their departure airports," the airline said. United suffered an outage of its weight calculation system, a source familiar with the matter told Reuters. "The issue affecting United Airlines flights has been resolved and mainline flights are departing once again," flight tracking website FlightRadar24 said on social media at 9:19 p.m. ET (0119 GMT on Thursday). The U.S. Federal Aviation Administration said earlier it issued a ground stop for United flights at several U.S. airports. The ground stops were issued at major United hub airports including Newark, Denver, Houston, Chicago, according to the regulator's website. As of 9:25 p.m. ET, flight tracking data from FlightAware showed that 870, or 28%, of United flights had been delayed on Wednesday. United's outage came a few weeks after Alaska Airlines grounded all of its flights for about three hours due to an IT outage for the second time in just over a year. In April 2024, Alaska grounded its entire fleet due to an issue with the system that calculates the weight and balance of its planes.
