Hong Kong-based Cathay Pacific has announced a net profit of $171.8 million for the first half of 2019. According to the interim result, the passenger revenue increased by 5.6 percent, the capacity increased by 6.7 percent and the load factor remained unchanged at 84.2 percent. But the group’s cargo revenue decreased 11.4 percent compared to the same period in 2018. The figure reflected the weaker global trade brought about in part by U.S.-China trade tensions. At the end of June,…
Hong Kong-based Cathay Pacific has announced a net profit of $171.8 million for the first half of 2019. According to the interim result, the passenger revenue increased by 5.6 percent, the capacity increased by 6.7 percent and the load factor remained unchanged at 84.2 percent. But the group’s cargo revenue…
JetBlue Airways has announced its traffic reports for the month of July 2018 with large increases. The New York City-based carrier saw a 6.2 percent increase in traffic from last July. JetBlue’s load factors went up 1.8 points from July 2017 to be just shy of 89 percent. JetBlue’s on-time…
The volatility and uncertainty of the aviation industry were in evidence on Thursday with the release of 2017 results for two of Europe’s most well-known airlines, Lufthansa and Virgin Atlantic. Deutsche Lufthansa AG, the parent company of the German airline, reported a record 70 percent increase in earnings before interest…
