Effects of swine flu “may have now stopped getting worse” for Cathay Pacific

Cathay Pacific CEO, Tony Tyler, stated in mid-Jul-09 that demand amid the global financial downturn and swine flu outbreak “may have now stopped getting worse”, with the effects of the outbreak easing in Jul-2009. However, Mr Tyler added that the carrier cannot be certain, due to an “unsettling lack of visibility”. According to Cathay Pacific, the outbreak has had a particularly severe impact on two of the carrier’s largest markets, Hong Kong and Japan. [1427 words]

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This report contains the following subheadings:

• Continues with Middle East expansion plans
• Plans temporary capacity reductions
• Ends baggage and ramp handling contract with Qantas
• Purchases carbon emission tonnes
• Publishes Corporate Social Responsibility Report
• Pilot union loses case against Civil Aviation Department
• Tony Tyler named IATA Chairman

This report contains the following charts and tables:

• Cathay Pacific passenger number and cargo volume growth: Jul-2008 to Jun-2009
• Middle East-North East Asia capacity share by carrier (week commencing 20-Jul-09)