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Cathay Pacific pax and cargo volume up in Feb-2012, yield coming under pressure

13-Mar-2012 11:10 AM

Cathay Pacific reports (12-Mar-2012) the following traffic highlights in Feb-2012:

Cathay Pacific: “Chinese New Year fell in early February in 2011, so direct year-on-year comparisons are once again distorted. However, the February figures highlight the fact that the growth in passenger volumes is struggling to keep pace with the increase in capacity, while the decline in yield is becoming more apparent on all routes in Economy Class. Demand in premium cabins is holding up but again yield is coming under pressure,” James Tong, general manager revenue management. Source: Company statement, 12-Mar-2012.