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[Dunia] Cathay Pacific RUGI BERSIH HK$1.26 billion (RM630 million)

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Post time 14-3-2018 03:01 PM | Show all posts |Read mode


HONG Kong flag carrier Cathay Pacific today announced a HK$1.26 billion (RM630 million) net loss for 2017, marking the first back-to-back annual loss in its 71-year history.

The company had been hit by intense competition from rival airlines and higher fuel prices, chairman John Slosar said.

It was the biggest annual loss the company has seen in nine years and comes as lower-cost Chinese carriers eat into its market share.

Companies, such as China Eastern and China Southern Airlines, are offering direct services to Europe and the United States from the mainland, while budget carriers have targeted regional travellers, undermining Cathay’s position.

However, Slosar sounded a note of optimism for 2018 as Cathay saw improved premium class demand and a strong cargo business.

The firm fared better in the second half of 2017, when it made gains of HK$792 million compared with a loss of HK$2.05 billion in the first six months of the year.

Fuel hedging costs fell to HK$6.38 billion in 2017 from HK$8.45 billion the previous year

Cathay’s loss of HK$575 million in 2016 was its first time in the red for eight years, and prompted a management shake-up and promises to slash staff costs by 30%.

It pledged to cut 600 employees, including a quarter of its management, as part of its biggest overhaul in two decades.

Chief executive Rupert Hogg took over in May 2017, replacing Ivan Chu, who had been in the job for three years. – AFP, March 14, 2018.
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Post time 15-3-2018 04:31 PM From the mobile phone | Show all posts
Bru ku tahu Cathay ni HK punya
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Post time 15-3-2018 04:32 PM | Show all posts
cathay pacific ni best jugak
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Post time 15-3-2018 04:33 PM | Show all posts
(Mode pembangkang Malaysia:ON)

Ni semua salah Xi Jinping....
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Post time 17-3-2018 02:04 AM From the mobile phone | Show all posts
I tetap akan setia dengan cathay pacific untuk balik malaysia ... tidak perlu transit di tempat lain terus dari intl airport tempat i saja ....transit hkg untuk 1 jam saja..... unless kalau route i ke penang ....
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Post time 17-3-2018 02:24 AM From the mobile phone | Show all posts
Politik komunis tak tinggal tuuww
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Post time 17-3-2018 02:57 AM | Show all posts
hari tu naik dari canada, penuh aje dalam plane.
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