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17-Apr-2012 10:52 AM

Cathay Pacific pax up 11%, cargo down 11% for Mar-2012, yield decline accelerating

Cathay Pacific passenger numbers up 11% - traffic highlights for Mar-2012:

Cathay Pacific: "The big issue at the moment is the accelerating yield decline in both the Economy and premium cabins, resulting from a combination of the continuing economic uncertainty and competitive pressure," James Tong, General Manager Revenue Management. Source: Cathay Pacific, 16-Apr-2012.

Cathay Pacific: "The general market for airfreight remains soft, particularly into Europe. There is poor visibility looking forward and little sign of any sustained pick-up in demand. We expect business to be weaker in April and we will continue to reduce capacity as necessary," James Woodrow, General Manager Cargo Sales & Marketing. Source: Cathay Pacific, 16-Apr-2012.

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