Cheap oil exacerbates divergence in passenger & cargo markets growth When full, 509-seat A380 has 16.8% lower block fuel burn per seat against 264-seat 777-300ER 83% full A380 burns similar fuel per seat against a full 777-300ER On payload-tonne basis, 777-300ER is ~25% more fuel efficient than A380 In 2012, each 1% of oil price change […]Read More
The Boeing 747, first flown commercially in 1970, with its distinctive ‘hump’ upper deck is affectionately known by many as ‘Queen of the Skies’. Boeing’s flagship airliner hails from a bygone era. 747s were criss-crossing our world’s sky before mankind reached the moon. Pilots remark about its unique flying characteristics; having both a sense of […]Read More
Cathay may launch ‘dynamic packaging’ that includes hotel, car rentals: source CX’s onboard wi-fi to be free for usage: source ‘Enhance’ not improving yields materially: source Eva Air to become cargo terminal’s major external customer in Jan 2015 London route hits 99% load factor in end-of-summer rush Cargo revenue ahead of budget since August End-summer […]Read More
Brisk passenger business stark contrast to stagnant cargo operations Cathay to report significantly improved profitability in 2014 Cathay to sell 6 747-400F production freighters back to Boeing 1 747-400F to be withdrawn in 2014; 1 in 2015 & 4 in 2016 Cathay should withdraw those 6 744Fs faster to allay overcapacity 95 weekly freighter flights […]Read More
It was ironical that the Boeing 787 Dreamliner, which the Chicago-based plane-maker touted as “Made With Japan”, would become the fracture point of Boeing’s iron grip on Japan where it holds a 80% market share as the island nation’s carriers started purchasing Boeing aircraft in the 1980s as a means to remedy the significant current account surplus its government hasRead More
Hong Kong-based Cathay Pacific Airways is in times of change. After being at the helm of the oneworld member since 2011 and succeeding Tony Tyler, who eventually went on to become Geneva-based industry body International Air Transport Association’s (IATA) director general (DG) and chief executive, Cathay Pacific’s chief executive John Slosar will step down from his role in March 2014.
It is no surprise when the European Aeronautic, Defence & Space Co. (EADS) announced on 31st July that it will be renamed as the Airbus Group beginning January 1st, 2014, given the world’s second-largest plane-maker accounted for 71.9% of EADS’s €26.3 billion 2013 first-half revenue and 73.7% of EADS’s earnings before interest and tax (EBIT) of €1.48 billion.
But beneath theRead More
When it comes down to the one thing that the world’s largest aircraft manufacturer Boeing does not have, it is neither financial muscle nor engineering resources. Rather, it is luck. After freshly emerging from the three-and-a-half months long worldwide grounding of its flagship product – 787 Dreamliner as a result of overheating lithium-ion batteries onboard a Japan Airlines (JAL) exampleRead More
The debut of the Airbus A350 XWB (extra widebody) was a far cry from that of the Boeing 787 Dreamliner and the difference between the two could not have been more stark. Without much fanfare, Airbus’ US$15 billion answer to both the lightweight 787 Dreamliner and the larger 777 rolled out from the paint hangar in the European plane-maker’s headquartersRead More
In posting an 83.3% drop in its 2012 full-year net profit to HK$916 million (US$118 million) from 2011’s HK$5.5 billion (US$708.5 million), Hong Kong-based Cathay Pacific Airways has ridden through a turbulent year that saw Asia’s largest international carrier posting a HK$935 million 2012 first-half loss, its first since the 2003 SARS crisis, amid a cargo conundrum, softening passenger yieldsRead More