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Anatomy of a “disappointing” year – Cathay prepares for second loss in 62-year history


Cathay Pacific has only once recorded a full-year loss in its 62-year history – ten years ago during the Asian financial crisis. The airline has prepared investors to expect its second ever loss in 2008, and it could be ugly. But even more red ink is likely. [1224 words]

Unlock the following content in this report:


  • The shift from cost to revenue concerns
  • Second profit warning, weak traffic outlook. Billion dollar hedging loss
  • Cargo abyss
  • Outlook: Big questions to answer

Graphs and data:

  • Cathay Pacific passenger numbers growth (% year-on-year) and cargo volume growth (% year-on-year): Jan-08 to Dec-08
  • Cathay Pacific passenger capacity growth by region: Jan-08 to Dec-08
  • Cathay Pacific passenger load factor by region: Jan-08 to Dec-08
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