Cathay Pacific Group expects improved results to continue in 2H2019

Cathay Pacific Group chairman John Slosar stated (07-Aug-2019) that although the operating environment for the group's airlines worsened as geopolitical and trade tensions intensified, the group's positive performance in 2018 continued in 1H2019 and will continue in 2H2019. Passenger revenue was "satisfactory", but overall yield declined. Its cargo business was weaker, due in part to US-China trade tensions, with a decline in both volume and yield. The airline, however, benefited from lower fuel prices but were adversely impacted by a stronger US dollar. 2019 marks the final of Cathay's three year transformation programme. [more - original PR]