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FlyerTalk Forums > Miles&Points Airlines and Mileage Programs Cathay Pacific | Cathay

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Cathay Pacific 2017 first half results - HK$2.05b loss

Cathay Pacific 2017 first half results - HK$2.05b loss

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Old

Aug 20, 2017, 2:48 am

#76

FlyerTalker688786

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Join Date: Jul 2007

Posts: 4,477

Quote:

Originally Posted by percysmith

CX is increasing ASK by 1.1% but decreasing yield by 5.2%
Given I doubt any of us are decreasing yield by 5% the benefit is likely to be enjoyed by outport O&D and transit pax.

Again you have to remember HKD is pegged with USD. USD has been a strong performer in 1H 2017. This will drag down CX's yield due to currency fluctuation not in CX's favour.

It is a tipping point that it is no longer beneficial for CX to offer cheap connection from mainland China to Southeast Asia, Australia, New Zealand and the Europe. There are so many regional airlines operating the capacity to full in those route and the price has been historically low.

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