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CATHAY PAC AIR Forecasts Long-Haul Airfares to Continue Dropping This Yr, HK Express to Return Profitable in LT
Recommend 7 Positive 19 Negative 14 |
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Ronald Lam, CEO of CATHAY PAC AIR (00293.HK), predicted that the normalization of airfares will persist. While short-haul airfares already fully normalized last year, long-haul airfares will be further reduced in accordance with increased capacity. On the other hand, HK Express, as indicated by Lam, is currently facing issues like the Pratt & Whitney engine problem and the decline in short-haul market yield, but he emphasized that these issues only cause short-term impacts. In the long run, fundamental metrics like aircraft utilization for HK Express are continuously improving, and he expressed strong confidence in the capability of this business segment to turn profitable in the future. AAStocks Financial News |
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