Regional Round-Up
Cathay scales back capacity
June 1st 2012
Hong Kong-based Cathay Pacific Airways has announced cost-cutting measures to improve profitability by scaling back passenger capacity growth from 7% to 3.2%. Read More »
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Passenger available seat kilometers (ASKs) growth will slow from 7% to 2%, while subsidiary, Dragonair’s ASK growth will rise to 9.2%.
Cargo capacity growth is trimmed to 4% from 7%, with dedicated freighter capacity registering no growth at all.
Cathay will also park three B747-400s and three B747-400 BCF freighters this year, five B747-400s in 2013 and one B747-400 in 2014 to curb fuel costs.
Flight crew at Cathay and Dragonair have been offered unpaid voluntary leave.
