Cathay Pacific Airways (Hong Kong) has announced its first half financial results will be “disappointing”. The flag carrier is cutting costs (including cutting capacity) to prevent further bleeding in the future. The carrier will also speed up the retirement of the Boeing 747-400 (below) while putting the newer, more fuel-efficient Boeing 777-300 ER on even more long-haul routes. On the cargo side, Cathay Pacific will take three Boeing 747-400BCFs out of service this year as a near-term capacity-management measure
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