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Cathay Pacific's forward bookings 'looking very good'

6-Aug-2010 10:27 AM

Cathay Pacific CEO, Tony Tyler, stated reservations are "looking very good" as a rebounding economy revives travel demand. Mr Tyler said: “We can look forward to the next six months with some confidence. Forward  bookings are looking very good for the rest of the summer. Cargo is looking good for the rest of the year” (Bloomberg, 05-Aug-2010). Mr Tyler also confirmed the carrier has hedged approximately 30% of its fuel requirements for the remainder of 2010 and into 2011, stating the airline is “reasonably satisfied with the hedging book".