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04-06-2018, 07:06 PM
Cathay Pacific, which lost money in the last two years, aims to turn profitable in 2019
Andrew Wong
Published June 4, 2018
Cathay CEO says a younger fleet helps mitigate fuel price rises Cathay Pacific CEO on the benefits of a young long-haul fleet
5 Hours Ago | 03:41
Rising fuel costs and the threat of a trade war will not affect Cathay Pacific's plan to turn in a profit in 2019, Chief Executive Rupert Hogg said on Monday as the airline seeks to recover from two straight years of losses.
The flag carrier of Hong Kong is currently in the midst of a three-year turnaround plan to keep costs low and improve revenue. That should help the airline to compete better and return to profitability next year, Hogg said.
"I'm not going to make any forecast about our future but that's our target and at the moment, we are on track to do that," he told CNBC's Matthew Taylor at the IATA Annual General Meeting in Sydney.
More details in https://www.cnbc.com/2018/06/04/cathay-p...e-war.html
Andrew Wong
Published June 4, 2018
Cathay CEO says a younger fleet helps mitigate fuel price rises Cathay Pacific CEO on the benefits of a young long-haul fleet
5 Hours Ago | 03:41
Rising fuel costs and the threat of a trade war will not affect Cathay Pacific's plan to turn in a profit in 2019, Chief Executive Rupert Hogg said on Monday as the airline seeks to recover from two straight years of losses.
The flag carrier of Hong Kong is currently in the midst of a three-year turnaround plan to keep costs low and improve revenue. That should help the airline to compete better and return to profitability next year, Hogg said.
"I'm not going to make any forecast about our future but that's our target and at the moment, we are on track to do that," he told CNBC's Matthew Taylor at the IATA Annual General Meeting in Sydney.
More details in https://www.cnbc.com/2018/06/04/cathay-p...e-war.html
Specuvestor: Asset - Business - Structure.