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Cathay Pacific believes the worst is over, but a long recovery lies ahead

20-Nov-2009

Cathay Pacific CEO, Tony Tyler, this week, stated he believes the worst of the global economic slump is over, with the CEO encouraging seeing a surge in cargo demand and “decent” yield improvements. [1841 words]

Unlock the following content in this report:

Subheadings:

  • Seeing “pick-up” in premium traffic
  • Reconfiguring aircraft to match premium capacity with demand
  • Reducing IMT staff
  • Cathay Pacific and Dragonair to launch cargo joint venture with Air China
  • Dragonair and Cathay Pacific charge passenger for extra legroom
  • Also joining hands in marketing
  • Dragonair launches daily service to Guangzhou and enhances focus on SAARC region
  • Hong Kong Airlines awards three year ground services contract in Hainan
  • Hong Kong Airlines and Hong Kong Express expand cooperation
  • Hong Kong Express increases fuel surcharges

Graphs and data:

  • Cathay Pacific fleet: Week commencing 16-Nov-2009
  • Cathay Pacific aircraft delivery schedule: 2009 to 2015
  • Dragonair fleet: Week commencing 16-Nov-2009
  • Hainan Meilan International Airport capacity breakdown (seats per week as % of total)
  • Hong Kong Airlines: Week commencing 16-Nov-2009
  • Hong Kong Airlines aircraft delivery schedule: 2010 to 2015
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