Effects of swine flu “may have now stopped getting worse” for Cathay Pacific
Cathay Pacific CEO, Tony Tyler, stated in mid-Jul-09 that demand amid the global financial downturn and swine flu outbreak “may have now stopped getting worse”, with the effects of the outbreak easing in Jul-2009. However, Mr Tyler added that the carrier cannot be certain, due to an “unsettling lack of visibility”. According to Cathay Pacific, the outbreak has had a particularly severe impact on two of the carrier’s largest markets, Hong Kong and Japan. [1427 words]
Unlock the following content in this report:
- Continues with Middle East expansion plans
- Plans temporary capacity reductions
- Ends baggage and ramp handling contract with Qantas
- Purchases carbon emission tonnes
- Publishes Corporate Social Responsibility Report
- Pilot union loses case against Civil Aviation Department
- Tony Tyler named IATA Chairman
Graphs and data:
- Cathay Pacific passenger number and cargo volume growth: Jul-2008 to Jun-2009
- Middle East-North East Asia capacity share by carrier (week commencing 20-Jul-09)
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers
CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.