Cathay Pacific believes the worst is over, but a long recovery lies ahead

Cathay Pacific CEO, Tony Tyler, this week, stated he believes the worst of the global economic slump is over, with the CEO encouraging seeing a surge in cargo demand and “decent” yield improvements. [1841 words]

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This report contains the following subheadings:

• Seeing “pick-up” in premium traffic
• Reconfiguring aircraft to match premium capacity with demand
• Reducing IMT staff
• Cathay Pacific and Dragonair to launch cargo joint venture with Air China
• Dragonair and Cathay Pacific charge passenger for extra legroom
• Also joining hands in marketing
• Dragonair launches daily service to Guangzhou and enhances focus on SAARC region
• Hong Kong Airlines awards three year ground services contract in Hainan
• Hong Kong Airlines and Hong Kong Express expand cooperation
• Hong Kong Express increases fuel surcharges

This report contains the following charts and tables:

• Cathay Pacific fleet: Week commencing 16-Nov-2009
• Cathay Pacific aircraft delivery schedule: 2009 to 2015
• Dragonair fleet: Week commencing 16-Nov-2009
• Hainan Meilan International Airport capacity breakdown (seats per week as % of total)
• Hong Kong Airlines: Week commencing 16-Nov-2009
• Hong Kong Airlines aircraft delivery schedule: 2010 to 2015