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">https://www.scmp.com/news/hong...

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 & #39;18 HK$141m loss

https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3037708/cathay-pacific-delay-delivery-four-new-airbus">https://www.scmp.com/news/hong... @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">https://www.scmp.com/news/hong... @SCMPNews

WEIRDLY ENOUGH
- Some of @cathaypacific exec presentation did not factor in fresh https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇭🇰" title="Flag of Hong Kong" aria-label="Emoji: Flag of Hong Kong"> 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">https://www.scmp.com/news/hong... @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">https://www.scmp.com/news/hong... @SCMPNews

AND FINALLY:
China https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇨🇳" title="Flag of China" aria-label="Emoji: Flag of China">, @cathaypacific 2nd vital market after https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇭🇰" title="Flag of Hong Kong" aria-label="Emoji: Flag of Hong Kong"> (https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇺🇸" title="Flag of United States" aria-label="Emoji: Flag of United States"> 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">https://www.scmp.com/news/hong... @SCMPNews