29-Apr-2010 11:04 AM

Cathay Pacific to increase capacity in 2010

Cathay Pacific CEO, Tony Tyler, stated the carrier will increase passenger capacity by up to 10% in 2010, adding, "on the cargo side, it'll probably do a bit more than that as the cargo market has bounced back strongly" (The Standard/Dow Jones, 29-Apr-2010). Mr Tyler stated the global airline industry "is a lot better than it was last year", but added that it is yet to return to levels before the global financial crisis.