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Earnings ‘divergence’ deepens between China’s ‘Big Three’ and Cathay Pacific: HSBC
A report from the UK-based bank comes as airlines prepare to report their half-year financial results.
An HSBC Research report has flagged a widening “divergence” between the earnings of China’s three largest carriers and Cathay Pacific from Hong Kong, amid elevated jet fuel prices during the summer peak period.
The 10 July report also notes a “slow” start to the summer travel season for China’s ‘Big Three’ and Cathay, which began 1 July and ends 31 August. It cites booking data showing a decline in the average daily flights for the week of 1-7 July (down 2.6%), while passenger volumes were down about 1.4% during the week.
Cathay Pacific flight loses contact over Romania, triggering NATO alert
The airline confirmed the intercept by the Hungarian fighter jets in a statement issued on Wednesday, emphasising that the response followed standard international aviation safety procedures.
A Cathay Pacific aircraft soars to the sky after taking off from Hong Kong International Airport on Jan 14, 2026. PHOTO: CHINA DAILY
HONG KONG – A Cathay Pacific passenger jet en route from Hong Kong to London temporarily lost communication with local air traffic control over Romania on Saturday, prompting a NATO alert.
The incident unfolded as Flight CX257, an Airbus A350, was crossing Romanian airspace, according to Hungarian Defense Minister Romulusz Ruszin-Szendi. In response, neighboring Hungary scrambled fighter jets under NATO air policing protocols to issue a visual warning.
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Cathay Pacific confirms London-bound flight briefly lost contact; NATO alert triggered
Hong Kong’s flag carrier Cathay Pacific has confirmed that a London-bound flight briefly lost contact with air traffic control on Saturday, an incident that triggered a North Atlantic Treaty Organization (NATO) alert.
Cathay Pacific said in an emailed reply to HKFP on Wednesday that the CX257 flight from Hong Kong to London experienced a “temporary loss of communication” with local air traffic control on July 4.
As a result, there was a “subsequent interception by the authorities in accordance with internationally recognised protocols,” the flag carrier said.
“Communications were restored and the flight continued to Heathrow as planned,” Cathay Pacific said, adding that no one’s safety was compromised and that the flight adhered to authorised routing at all times.
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