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Is the Airbus A380 coming of age?

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 […]

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Cathay Pacific’s new livery signifies fresh direction

Forex impacted first-half yield by 3% Aspire Aviation finds 87.5% correlation between CX pax yield & jet fuel prices CX would have achieved 11.34% net profit margin without hedging losses Australia operation desperately needs A350-900 up-gauging after 98% L/F Transpacific freighter weekly schedule upped from 35 to 42 China-US flights comprise 70.3% China-originated passengers, up from […]

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Cathay Pacific begins the next chapter of growth

Unrealised mark-to-market fuel hedging loss totalled HK$14.3 billion Forex gains narrowed reduction in cashflow hedges to HK$12.48 billion 61% hedged at US$95/bbl Brent in 2015; 60% at US$85 in 16, 50% at US$89 in 17 & 37% at US$82 in 18 Cathay Pacific to replace part of Airbus A330-300 fleet with A350-900s: sources “Displace & […]

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Cathay Pacific’s prospect poised to take flight

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 […]

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Singapore Airlines undergoes transformation

Premium economy launch in 2015 second-half late to cushion yield decline Premium economy will provide a one-off push or rebasing to yield Tata-SIA Airlines could fill SIA’s North America network gap; ‘Indian Route’ in store? Tigerair does not need to be pan-Asia LCC to be successful & profitable SIA’s take-over of Tigerair increasingly likely Merger […]

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ANA aims to soar on the wings within

ANA’s network rebalancing key to narrowing gap with JAL Fuel costs increased by ¥66.2 billion for ANA in FY2013, only ¥37 billion for JAL ANA’s maintenance & depreciation cost significantly higher than JAL’s Negatively impacted operating profit by ¥89.1 billion in FY2013 ANA’s new plan places its CASK at ¥8.22, below JAL’s ¥8.3 by FY2016 […]

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Cathay Pacific in for the long-haul

Cathay Pacific to launch daily 777-300ER flight to Zurich in Dec 2014 Manchester 4 times weekly 77W flight to launch in January 2015 Launching Boston flights in early-2015 CX’s 5 daily 777-300ER flights to London Heathrow carry 100-120 tonnes belly cargoes 4 daily LAX flights can carry 80 tonnes belly cargoes Cathay Pacific ‘uninterested’ in […]

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The contrarian way of Cathay Pacific

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 […]

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Aerospace & defence in 2014

2013 was a record breaking year for American and global aviation, and while 2014 looks to be a quieter year on the aerospace side of the coin, the constant churn of major airline news should continue to accelerate. Looking ahead to 2014 Starting at the very top of the totem pole, the narrative surrounding the […]

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Boeing 777X targets to become ultra long-haul leader

Boeing eyes 6 months earlier internal “manage to” target than Q2 2020 777X service entry Everett lowest cost option for 777X FAL, but Charleston offers non-union lure 777X folding wingtip 20 seconds to fold or extend Folding wingtip in “latched & locked” position in failure mode Folding wingtip 3% better than Code E wing with […]

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