Casrgo fiasco to hit Cathay Pacific profit
Article Abstract:
Cathay Pacific Airways' revenue will be lowered as a result of the cargo chaos at the new Chek Lap Kok Airport. The airline will announce its first half results next week. The airline's operating costs at the new airport have increased compared with the old Kai Tak Airport. Operating costs now covers a new terminal building charge for everyone of its passengers. Land charges for a Boeing 747 aircraft at the new airport is about 60% higher than at Kai Tak. *
Comment:
Revenue will be lowered as result of cargo chaos at new Chek Lap Kok Airport
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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CATHAY LOOKS TO BUY PAL STAKE
Article Abstract:
Cathay Pacific Airways is seeking stake in Philippines Airlines Limited (PAL) by expanding its regional market. Everything is in talking procedure. Singapore Airlines is also interested in stake purchase in fear of the competition from newly set-up One-World alliance which also include Cathay Pacific and other four airlines. Cathay is also trying to continue its catering and ground services agreement with PAL. *
Comment:
Is seeking stake in Philippines Airlines by expanding regional market
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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cathay to continue cost cuts
Article Abstract:
Cathay Pacific Airways is adopting cost-cutting measures to maintain competitiveness. This includes replacing of older aircraft to improve fleet efficiency. It denied a speculation that it would cut pilot salaries. Cathay enjoyed cost reduction in the first half as result of dropping fuel prices. The unit cost per ATK fell to 11.6% to $2.36. However, it aims to achieve $2.24 per ATK in the whole year 1998. *
Comment:
Adopts cost-cutting measures to maintain competitiveness, which include replacing of older aircraft to improve fleet efficiency
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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