CATHAY Pacific Airways has
dropped its profit outlook,
advising it no longer expects
results for the second half of
2016 to be better than those of
the first half. Citing a “difficult revenue
picture”, the airline said
the business outlook has
“deteriorated” since the interim
report was issued, indicating it is
undertaking a critical review to
cut costs and improve revenues.
"Overcapacity and strong competition
is putting particular
pressure on our passenger business,
shortfalls in revenue compared with forecasts ...
The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 14 Oct 16
Make a comment...
Established in 1994, Travel Daily is Australia's leading travel industry publication, and is sent as a paid subscription to people across the industry as a PDF newsletter every weekday.
To sign up for a free 14-day trial, click on the button at right.