The much-celebrated growth of Chinese tourism is not occurring evenly. An additional 3.8 million Chinese visitors travelled to core Northeast and Southeast Asia in 2014 compared to 2013, representing 19% growth.
“Locally in Hong Kong, Cathay Pacific has been in a rotating series of staff disputes with threats of work stoppages. But elsewhere in Asia competitor airlines have cast a worrying glow over Cathay and its long-haul growth.”
“Canada’s two major airlines have adopted divergent - but ultimately converging - paths during the last few years to lay the foundation for expanding margins and ensure sustained positive financial results.”
Global air passenger traffic grew 7.4% year-over-year (YOY) in March as Asia-Pacific holiday travel related to the Lunar New Year continued beyond February, according to IATA’s March Air Passenger Market Analysis report.
While IAG's major competitors are confronted with precarious labour and financial situations, the Group continues its strong march towards profitability. Its 1Q2015 results provided a first ever positive operating profit in the seasonally weak 1Q.
Unrealised mark-to-market fuel hedging loss totalled HK$14.3 billion Forex gains narrowed reduction in cashflow hedges to HK$12.48 billion 61% hedged at US$95/bbl Brent in 2015; 60% at US$85 in 16, 50% at US$89 in 17 & 37% at US$82 in 18 Cathay Pacific to replace part of Airbus A330-300 fleet with A350-900s: sources "Displace &…
The new Malaysian flag carrier set to be raised from the assets of Malaysia Airlines (MAS) has outlined a major change of strategy, and hinted at swinging management cuts in addition to the 8,000 staff job cuts announced earlier this week.
Cathay Pacific Airways yesterday launched a new four-times-weekly service from Boston Logan International Airport to Hong Kong with a first flight celebration that included a traditional lion dance and traditional roast pig cutting ceremony, which is meant to bless and wish the new flight good luck. Special guests included Kenneth Brissette, Director of Sports Tourism and Entertainment for the Commonwealth of Massachusetts and Todd Smith, Director of Aviation Operations for Massport.
There were two prominent themes at CAPA's Americas Aviation Summit in Las Vegas on 27/28 Apr-2015. First was the intensity with which some US airlines fear competing with Gulf carriers, which operate under open skies regimes to the US.
Measured by cost per available seat kilometre (CASK), the unit cost gap between low-cost carriers (LCCs) and full service carriers (FSCs) is narrower in the Americas than in any other major world region, particularly in the US. ...
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