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Latest News Headlines

Cathay Pacific announced (24-Apr-2026) the successful pricing of a three-year fixed-rate HKD bond totalling HKD2.08 billion (USD265.45 million) at 3.78%, marking the airline's first fundraising in the HKD public bond market. Cathay Pacific CFO Rebecca Sharpe stated: "Announcing our first ever HKD public bond is a reflection of our continued commitment to our home city, Hong Kong. By participating in and supporting the development of its financial markets, we're playing a part in reinforcing Hong Kong's position as a leading international financial centre". The bond issuance is under the airline's USD2.5 billion Medium Term Note Programme, and Cathay plans to use the proceeds from the bond for working capital and general corporate purposes. [more - original PR]

Background ✨

Cathay Pacific Group repaid the Hong Kong Government’s HKD19.5 billion preference share investment from its 2020 recapitalisation, and paid dividends up to 31-Jul-2024, taking total preference dividends to HKD2.44 billion; the unused HKD7.8 billion bridge loan expired on 08-Jun-20231. It later agreed to buy back all recapitalisation warrants from the Hong Kong Government for at least HKD1.5 billion, funded from existing sources2.

Jazeera Airways announced (24-Apr-2026) plans to resume select scheduled services from/to Kuwait International Airport from 26-Apr-2026, following "more than 55 days of airspace closure". The LCC will resume services connecting the airport to Amman, Beirut, Mumbai, Cairo, Kochi, Damascus, Delhi, Dubai and Istanbul, while services to its remaining destinations will continue to operate via Dammam King Fahd International Airport. [more - original PR]

Background ✨

Jazeera Airways temporarily shifted operations out of Kuwait from 11-Mar-2026, operating via Al Qaisumah-Hafar Al Batin and later adding Dammam King Fahd from 26-Mar-2026, with bus transfers offered for passengers.1 2 It progressively rebuilt its schedule via Dammam, adding routes including Beirut (twice weekly), Amman (increased to twice weekly) and multiple South Asia services through Apr-2026.3 4 5 Kuwait Airways planned to resume Terminal four services to 17 destinations from 26-Apr-2026, per acting CEO Abdulwahab Al-Shatti.6

Eurowings CEO Max Kownatzki, speaking at the CAPA Airline Leader Summit - Airlines in Transition, outlined (24-Apr-2026) his vision for Eurowings, aiming for profitability, operational efficiency and customer loyalty. Mr Kownatzki said the carrier aims to achieve "three digit million profitability with double digit EBIT margins", adding: "And we're back in the Gulf for sure with our premium business seat. And Berlin is one of our strongholds in Germany".

Eurowings CEO Max Kownatzki, speaking at the CAPA Airline Leader Summit - Airlines in Transition, stated (24-Apr-2026) "We're not a low cost airline, we're a value carrier". Mr Kownatzki emphasised that Eurowings offers differentiated services, including lounge access for loyalty members, free middle seats and premium business seats. Mr Kownatzki added: "Now we're rolling out the premium business seat, so we're more in the value space".

Eurowings CEO Max Kownatzki, speaking at the CAPA Airline Leader Summit - Airlines in Transition, stated (24-Apr-2026) the company has diversified along the value chain beyond airline operations. Mr Kownatzki stated: "We also have Eurowings Holidays, so a tour operator, we have Eurowings Technique and Wings Handling, our ground handling provider". Mr Kownatzki said this vertical integration provides greater control over the value chain and cost base, enabling profitable margins even in a competitive market.

Travelport group VP and global head of travel partners Damian Hickey, speaking at the CAPA Airline Leader Summit - Airlines in Transition, commented (24-Apr-2026) on fragmentation and inefficiency in the implementation of New Distribution Capability (NDC). Mr Hickey described fragmentation as "the real killer of unlocking modern retail travel economics", adding: "Every airline's NDC looks and feels different. It forces agents into multiple ways of operating, creating incredible inefficiencies". Mr Hickey called for standardised workflows and processes to unify content, reduce errors, accelerate bookings, and support upselling and cross-selling opportunities. He said: "NDC works best when it's seamless" for agents and travellers, adding: "They just want to make sure that they have the best choice and they can have it as efficiently as possible".

Most Read News Headlines

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Wizz Air CEO József Váradi, speaking at the CAPA Airline Leader Summit - Airlines in Transition, stated (23-Apr-2026) Wizz Air is focusing on cash preservation. Mr Váradi said: "Airlines don't struggle with the lack of profitability, they struggle from the lack of cash. So, we are very much cash preserving. Again, we are starting with EUR2 billion". Mr Váradi added Wizz Air is 70% hedged at USD700 a tonne for the next six months, compared to the market rate of USD1500.

Background ✨

Wizz Air CEO József Váradi said the carrier was "doing fine" with EUR2 billion in free cash, but it needed the supply chain situation to recover to fully deliver its plans1. For FY2026, Mr Váradi said Wizz Air intended to focus network design on "benign operating environments" in core Central and Eastern Europe, and it planned to suspend Middle East operations from 01-Sep-20252. Mr Váradi also said Wizz Air was well hedged for fuel, with 55% coverage for the year to Mar-20273.

Emirates president Tim Clark, speaking at the CAPA Airline Leader Summit - Airlines in Transition, stated (23-Apr-2026) the airline is "working on en suite bathrooms in first class suites". Sir Tim also confirmed that the airline is undertaking "a major review" of the economy class cabin and expects to launch a new product "in the next year or two".

Background ✨

Emirates Airline president Tim Clark said it planned to invest about USD5 billion to retrofit 220 Boeing 777 and A380 aircraft, citing delivery delays for new aircraft and calling retrofits "the only way" to sustain and grow the network1. Sir Tim also said supply constraints forced major capital refurbishment programmes across around 170 aircraft, with costs of USD15 million to USD30 million per aircraft2.

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