Cathay Pacific Trading Well in Poor Times

Cathay Pacific Undeterred by Recession

In a recent visit to Hong Kong, Australian Aviation discovers how one of Asia’s most prominent carriers maintains profits at a time when most of the world’s airlines are making severe losses

As many airlines have experienced, profit is a scarce commodity. But with the Asian market buoyant and growing at a rate faster than in any other region, most SE Asian carriers are actually making substantial profits from ever widening networks.

Cathay Pacific is among the major players which have posted a profit for 1991/92. At $US389m, the figure is slightly less than for the previous year, but in the global economic climate which faces the air transport industry, this profit represents a considerable achievement.

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