Cathay Pacific seeks to increase fuel surcharge on rising fuel
Cathay Pacific country manager for Malaysia and Brunei Mandy Wu stated that due to increased oil prices, Cathay Pacific is revising its fuel surcharge which was being reviewed by the Hong Kong Civil Aviation (Bernama, 10-Mar-2011). Separately, COO John Slosar stated oil prices would increase the group's cost and therefore its fares (Nikkei, 09-Mar-2011). He added that strategy for the airline is to turn out more aircraft and more destinations. “We have to give people a reason to choose to fly on Cathay Pacific and we’re trying very hard to give them good reasons to do that,” Slosar said.
Cathay Pacific: "The airline industry is challenging and unpredictable. We will continue to manage our finances prudently and will keep cost firmly under control. We will not raise fares just because we want to increase profits," Mandy Wu, country manager for Malaysia and Brunei. Source: Bernama, 10-Mar-2011.