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

20th November, 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]

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This report contains the following 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

This report contains the following charts and tables:

  • 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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