Cathay makes record profit
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
Cathay Pacific Airways announced record profits of HK$7,023 million in its 2007 annual results, compared to a profit of HK$4,088 million the previous year.
The 2007 result includes for the first time, a full year’s contribution from wholly-owned subsidiary, Dragonair.
Cathay Pacific and Dragonair added 12 new aircraft to their fleet last year, including the first five of 30 Boeing 777-300ERs the airline has on firm order.
The new aircraft, which will become the mainstay of Cathay Pacific’s long-haul fleet, were used to add a second daily non-stop flight to New York.
On the product side, Cathay Pacific began rolling out its new three-class long-haul inflight product, which features First Class suites, full-flat beds with enhanced privacy in Business Class and unique Economy Class seats that recline within their own shell.
The new cabins have now been retrofitted into 10 aircraft while all new Boeing 777-300ERs and three new Airbus A330-300s arrived with the product in place. The entire long-haul fleet will feature the product by mid-2009.
Comments are closed.