FlyerTalk Forums - View Single Post - CX 2019 1H profit HK$1.3B (2018 1H: $263m loss), rev $53B (up 0.8%)
Thread: CX 2019 1H profit HK$1.3B (2018 1H: $263m loss), rev $53B (up 0.8%)
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Old Aug 7, 2019, 2:59 am
  #9  
1010101
 
Join Date: Feb 2011
Posts: 5,797
Originally Posted by percysmith
"Total fuel costs for Cathay Pacific and Cathay Dragon (before the effect of fuel hedging) decreased by HK$674 million (or 4.5%) compared with the first half of 2018, reflecting a 6.5% decrease in average into-plane fuel prices and a 2.0% increase in consumption. Fuel is the Group’s most significant cost, accounting for 28.2% of total operating costs in the first half of 2019 (compared to 30.1% in the same period in 2018). Fuel hedging losses were reduced. After taking fuel hedging into account, fuel costs decreased by HK$1,213 million (or 7.7%) compared with the first half of 2018. Fuel consumption per available tonne kilometre fell by 1.5%, reflecting the continued introduction of more fuel efficient aircraft."
That's quite interesting. They've taken 4 A350s and removed 2 772s and 2 77Ws in that time period? It's a big difference for a relatively small fleet change.
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