Loading
5-Jul-2012 2:03 PM

Dragonair and industry as a hole 'is facing a difficult operating environment right now': CEO

Dragonair CEO Patrick Yeung, in Dragonews May/Jun-2012, stated "Dragonair – and, indeed, everyone in the aviation industry – is facing a difficult operating environment right now". He continued: "Uncertainties in the global economy, fluctuating fuel prices, and weak passenger yield and cargo demand are all creating immense challenges", adding, "It is vital that everyone in the [Cathay Pacific] Group, including Dragonair, runs a tight ship, is acutely cost conscious, and looks for ways to improve business and generate revenue." On a more positive note, Mr Yeung said, "despite the tough operating environment, there is still growth potential in Asia – and China, in particular – where the economy is more stable and demand is growing. The Group is thus focusing on continuing to increase the capacity of its regional network." [more - original PR]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More