Read on Twitter
THREAD: Lots of updates in @cathaypacific story in @SCMPNews:
- CX not yet planning to ground planes, offer unpaid leave
- Prolonged impact may would mean grounding planes, cutting unprofitable routes https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3037708/cathay-pacific-delay-delivery-four-new-airbus
- CX not yet planning to ground planes, offer unpaid leave
- Prolonged impact may would mean grounding planes, cutting unprofitable routes https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3037708/cathay-pacific-delay-delivery-four-new-airbus
MORE
- Execs say SARS was worse, protest impact "short-term crisis". Company will pull through
- Big savings in capacity redux, revenue retained
- HK Express loss "in the ballpark" of '18 HK$141m loss
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3037708/cathay-pacific-delay-delivery-four-new-airbus @SCMPNews
- Execs say SARS was worse, protest impact "short-term crisis". Company will pull through
- Big savings in capacity redux, revenue retained
- HK Express loss "in the ballpark" of '18 HK$141m loss
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3037708/cathay-pacific-delay-delivery-four-new-airbus @SCMPNews
EVEN MORE:
- Big focus on transit pax to offset inbound/outbound pax drop, more promo fares, cutting yield further
@cathaypacific PAX MIX REVEALED:
- Outbound: 25-30%
- Inbound: 15-20%
- Transit: 45% (up to 50%)
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3037708/cathay-pacific-delay-delivery-four-new-airbus @SCMPNews
- Big focus on transit pax to offset inbound/outbound pax drop, more promo fares, cutting yield further
@cathaypacific PAX MIX REVEALED:
- Outbound: 25-30%
- Inbound: 15-20%
- Transit: 45% (up to 50%)
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3037708/cathay-pacific-delay-delivery-four-new-airbus @SCMPNews
WEIRDLY ENOUGH
- Some of @cathaypacific exec presentation did not factor in fresh
turmoil this week, biz plan could need more changes
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3037708/cathay-pacific-delay-delivery-four-new-airbus @SCMPNews
- Some of @cathaypacific exec presentation did not factor in fresh
turmoil this week, biz plan could need more changeshttps://www.scmp.com/news/hong-kong/hong-kong-economy/article/3037708/cathay-pacific-delay-delivery-four-new-airbus @SCMPNews
SO MUCH MORE:
Latest on Nov-Dec inbound:
"As of last Friday", advanced bookings worsened.
Nov outbound:
"In line" with past 3 months drops: 12% (Aug), 9% (Sept), 13% (Oct)
Dec outbound: "Still a drop" but improving to less of decline
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3037708/cathay-pacific-delay-delivery-four-new-airbus @SCMPNews
Latest on Nov-Dec inbound:
"As of last Friday", advanced bookings worsened.
Nov outbound:
"In line" with past 3 months drops: 12% (Aug), 9% (Sept), 13% (Oct)
Dec outbound: "Still a drop" but improving to less of decline
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3037708/cathay-pacific-delay-delivery-four-new-airbus @SCMPNews
AND FINALLY:
China
, @cathaypacific 2nd vital market after (
is 3rd), on revenue:
CCCO Ron Lam: “During normal days, its little bit more than 10% and now it’s slightly less than 10%.”
Note: big RPK drop in China 3 months in a row
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3037708/cathay-pacific-delay-delivery-four-new-airbus @SCMPNews
China
, @cathaypacific 2nd vital market after ( is 3rd), on revenue:CCCO Ron Lam: “During normal days, its little bit more than 10% and now it’s slightly less than 10%.”
Note: big RPK drop in China 3 months in a row
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3037708/cathay-pacific-delay-delivery-four-new-airbus @SCMPNews
