Originally Posted by
GE90-115B
How does it cut profits though? They've been flying the 744 for like, almost 20 years before the 777s started arriving. Cathay have been paying for the 747's fuel bills for like a decade or so, I doubt they have been loosing money all along. It's true they save money by operating 77Ws which doesn't consume that much fuel, but I'd expect them to only be able to save $$, instead of going to the extent in which they loose money by flying 747s.
Quote from CX World in May:
“If the world was up and fuel prices down, we could keep the older aircraft for longer.”
“Now, with the market softening and oil prices way up, routes operated by the 747s are really struggling to make cash, especially the long-haul routes to North America and Europe where fuel is such a big part of the overall cost
and the impact of high fuel prices is more severe.”