Cathay Pacific: Go pilot fish
Cathay Pacific’s shares are at a level usually associated with financial crises. Some woes are beyond Cathay’s control. China-based rivals are piling on capacity, adding direct routes to cities that would once have required a Hong Kong stopover. The territory’s govt scrapped fuel surcharges and imposed extra airport costs to finance a runway. US airlines, whose domestic routes are now reliably profitable after heavy consolidation, are taking a renewed interest in Asia. But Cathay has been slow to respond. Flyers say its service has fallen behind standards set by Middle Eastern airlines. Losses on its badly timed fuel hedges have limited its ability to compete on price. So too have costs, higher than rivals like SIA, JAL or Qantas. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-01-23/oneworld/cathay-pacific-go-pilot-fish
https://portal.staralliance.com/cms/logo.png
Cathay Pacific: Go pilot fish
Cathay Pacific’s shares are at a level usually associated with financial crises. Some woes are beyond Cathay’s control. China-based rivals are piling on capacity, adding direct routes to cities that would once have required a Hong Kong stopover. The territory’s govt scrapped fuel surcharges and imposed extra airport costs to finance a runway. US airlines, whose domestic routes are now reliably profitable after heavy consolidation, are taking a renewed interest in Asia. But Cathay has been slow to respond. Flyers say its service has fallen behind standards set by Middle Eastern airlines. Losses on its badly timed fuel hedges have limited its ability to compete on price. So too have costs, higher than rivals like SIA, JAL or Qantas. <br/>
