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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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Tackling 787 cash burden will unlock Boeing’s earnings potential

737 MAX will meet 14% block fuel burn reduction target by 2020: sources 777X fuselage material not chosen; corrosion drives Al-Li study more than weight Al-Li shaves 2-3% of empty weight off 777X fuselage ~230 empty 777 slots till 2020 will put considerable pressure on margins 36 empty slots in 2017, 68 in 2018, 71 […]

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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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The quiet rebirth of Iberia

Iberia a Europe-Latin America specialist Iberia’s employee cost falls from 30% of revenue in 2012 to 24.2% Iberia needs A350-1000 more than BA for hot & high missions Iberia’s Madrid hub well placed to capture North Asia-LatAm spillover demand from Heathrow Iberia’s Madrid routings on North Asia-LatAm competitive with Middle Eastern hubs Madrid commands 60.3% & […]

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ANA marches on to achieve profitability parity with JAL

ANA narrows CASK gap with JAL to 0.57% ANA has 46.2% higher employee productivity than JAL Fleet renewal key to eradicating 49.2% & 47.2% maintenance & depreciation per ASK gap with JAL ANA has too much domestic capacity: 18.6% RASK & ~2% load factor gap than JAL High-density 787-10 could replace 514-seat 777-300 without adding excess […]

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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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Could Singapore Airlines soar with limitless expanse?

Lack of co-ordination among SIA subsidiaries a significant issue Tigerair & Scoot have duplicate reservation systems, PSSs, incompatible websites & products Vistara & SilkAir could share fleet, seats and fuel procurement to gain economies of scale Codeshare with SIA to tap India-Australia connecting traffic Vistara to launch premium economy product in ‘2-and-a-half class’ Premium economy a long-haul […]

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Dissecting the A330neo from a weight perspective

A330-900neo 14% lower fuel burn per seat valid against 235-tonne -300 -900neo 8.5% more fuel efficient per seat against 242-tonne -300 -900neo has 10.6% lower block fuel burn against 235-tonne -300 -900neo has 5.1% lower block fuel burn against 242-tonne -300 With much fanfare, the re-engined A330neo (new engine option) family was launched on the first […]

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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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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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