China Southern to take delivery of first A380 in Aug-2011, Cathay reduces Japan capacity
China Southern expects to end 2011 with 461 aircraft in its fleet, compared to 422 as at 31-Dec-2010. The airline will take delivery of one additional B777-200LRF later this year, for a total of six. China Southern has not been badly affected by the Japan crisis, with routes to Japan accounting for just 2% of its total capacity.
Cathay Pacific meanwhile announced plans to reduce capacity to/from Japan from 01-Apr-2011 to 15-Apr-2011 in response to weakening passenger demand. At present, Cathay Pacific operates seven daily services to/from Tokyo. After the planned temporary suspensions, the airline will operate four times daily to Tokyo and five times daily from Tokyo; four times daily to Osaka and three times daily from Osaka; and two times daily to/from Nagoya. Services to Fukuoka and Sapporo are not affected.
A Cathay spokesman said, "At the moment we expect several months of weakness with a recovery towards the summer, but there are still a lot of variables out there that might alter this view going forward".
Selected APAD daily share price movements (% change): 30-Mar-2011