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Cathay Pacific sees revenue growth ahead of capacity growth, softer cargo peak than had hoped

20-Nov-2013 1:20 PM

Cathay Pacific CEO John Slosar, in the Nov-2013 edition of CX World Magazine, stated (Nov-2013) 2013 has been a "challenging" but "productive" year. He explained, "The economic turnaround that we were all hoping for has yet to fully arrive though things on the business side have at least remained stable. The anticipated cargo peak has finally materialised – though it’s a softer peak than what we’d hoped for". He also noted that the carrier's weekly cargo revenues remain "some 25% lower than they were three years ago". On the carrier's passenger business, he commented that the business has "been a positive for much of the 2013". He continued, "While the traditional autumn business travel peak has not quite hit the highs we expected, revenue growth continues to outpace capacity growth, and that is a good thing. Astute revenue management has played a big part in keeping our passenger business buoyant, as has the addition of new destinations throughout the year". [more - original PR]