After comparing Singapore Airlines to a canary in a mine shaft yesterday it is only fair to suggest that Cathay Pacific may also be about to return to song, indicating that the toxic trading conditions of the GFC are receding.
In its guidance on its mixed October operating statistics, Cathay Pacific says:
“The seasonal upturn in our [...]
Tag Archives: Cathay Pacific
Is Cathay Pacific also a canary about to sing again?
November 12, 2009 – 12:40 pm
Cathay Pacific September stats show signs of recovery
October 13, 2009 – 12:12 pm
Cathay Pacific has become the first major Asia-Pacific carrier to post September operating statistics that show real signs that stronger regional economic activity is reviving business travel and the export of high value consumer goods and components by air freight.
Cathay Pacific General Manager Revenue Management Tom Owen said: “September saw a welcome [...]
Signs of recovery in Cathay Pacific & Dragonair
September 15, 2009 – 11:06 am
Some small and conditional signs of recovery can be found in the August operating statistics for Cathay Pacific and Dragonair posted this morning.
Passenger numbers for the combined long haul and domestic carriers rose by 3.8% in August compared to the same month in 2008, however the year to end of month figure is down by [...]
V Australia reminds Qantas how wrong it was about the 777
August 17, 2009 – 4:32 pm
Virgin Blue has really shown how it can punish Qantas for its absurd resistance to acquiring Boeing 777s.
The announced ‘phase two’ expansion of its V Australia fleet which rises to only four of these jets by December is going to be an enormous headache for Qantas.
And especially considering it holds orders or options for up [...]
Cathay Pacific looks terrific for all of 10 seconds
August 5, 2009 – 5:08 pm
An unrealised hedging gain has made Cathay Pacific look terrific, but only for as long as it takes to read the first few lines of the following announcement to the Hong Kong Stock exchange.
The Cathay Pacific Group reported a profit of HK$812 million (approx AUD$124.5 million) for the first six months of 2009. This compares [...]
Cathay Pacific tallies the rising toll from swine ‘flu and the GFC
July 14, 2009 – 3:06 pm
June was another shocker for Cathay Pacific and Dragonair.
Its announcement of the traffic figures for last month shows it is currently down by about one fifth in total passenger numbers, and unable to lift yields as those who are flying down trade to economy in droves and pick up the bargains.
Cathay Pacific Airways today released [...]
It was a swine of a month for Singapore Airlines
June 16, 2009 – 12:46 pm
Add the swine ‘flu pandemic, which kills travel but leaves most people unharmed, to the global financial crisis, which cripples discretionary and corporate spending, and you get a very, very bad month for Singapore Airlines.
But look closer at the figures, and it is also apparent that it is managing the double crisis comparatively well.
Passengers measured [...]
No sign of China & HK recovery in Cathay Pacific/Dragonair figures for May
June 12, 2009 – 9:52 am
From the official statement just released to the Hong Kong Stock Exchange and on financial wires:-
Cathay Pacific Airways and Dragonair traffic figures for May 2009 show a significant fall in passenger numbers compared to the same month last year and another marked drop in the amount of cargo and mail carried.
In May, the two [...]
Branson talks about how Virgin Atlantic could go broke
May 15, 2009 – 12:06 pm
Richard Branson said overnight that he couldn’t guarantee the survival of Virgin Atlantic, which is 51% owned by his family company, if a revenue sharing and price fixing alliance was allowed between American Airlines and British Airways.
Branson has made similar warnings for the many years, even before the oneworld alliance came along in 1998 and [...]
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