'Scary outlook’ for Cathay Pacific

Cathay Pacific CEO, Tony Tyler said that projections for the carrier's business in the coming months are “quite frankly, scary”. Cathay Pacific has made the difficult, but inevitable decision to slow its aggressive expansion plans amid a severe downturn in demand, putting Boeing on notice that it intends to slow some B777 and freighter deliveries. [1953 words]

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This report contains the following subheadings:

• Reports "dramatic" decline in premium traffic, surcharges fall
• The China market
• TRAFFIC ANALYSIS EXTRA:
• Cathay Pacific and Singapore Airlines
• A contrast in styles, but trapped in the same market
• Capacity expansion is the big difference
• Where to yields in 2009?

This report contains the following charts and tables:

• Bracing for a hard landing: Cathay Pacific crisis measures
• Cathay Pacific and Dragonair pax (RPK) and cargo (RTK) growth: Dec-07 to Nov-08
• Cathay Pacific passenger capacity growth by region: Dec-07 to Nov-08
• Cathay Pacific passenger load factor by region: Dec-07 to Nov-08
• Cathay Pacific passenger load factor growth by region: Dec-07 to Nov-08
• Cathay Pacific share price: 10-Jan-08 to 10-Dec-08
• Cathay Pacific and Singapore Airlines share price: 01-Jan-08 to 15-Dec-08
• Cathay Pacific and Singapore Airlines passenger numbers growth: Jan-08 to Nov-08
• Cathay Pacific and Singapore Airlines cargo volume growth: Jan-08 to Nov-08
• Cathay Pacific and Singapore Airlines passenger capacity growth: Jan-08 to Nov-08
• Cathay Pacific and Singapore Airlines passenger load factor: Jan-08 to Nov-08