Dragonair revenues may increase 20% on rebound economy: CEO
Dragonair CEO, James Tong, stated sales could increase by as much as 20% in 2010, with Mr Tong stating: “Business is definitely improving and we have resumed some of the flights cut last year and are considering flying to new cities. The rebound in passenger numbers has come close to the 2008 levels” (Bloomberg, 25-Jun-2010). The carrier is also considering increasing services to existing destinations, including Guangzhou, and adding routes in the region. Dragonair is studying possible effects an appreciation of the yuan would have on the company’s operations, according to the CEO, adding that some of the carrier’s wages and fuel costs on the mainland are settled in yuan.