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| Cathay Pacific |
| Annual revenues: | $9,661m | | Annual operating profit: | $992m | | Annual net profit: | $924m | | Operating profit margin: | 10% |
(Figures are from the period of JAN07-DEC07 in U.S. dollars.)
| Fleet: | | | Type | Number in Fleet | | A330-300 | 32 | | A340-300 | 15 | | A340-600 | 2 | | B747-200 | 5 | | B747-400 | 42 | | B777-200 | 5 | | B777-300 | 23 | |
For more detailed fleet information, visit www.ch-aviation.ch
Strengths and opportunities:
- Excellent record of financial and operational success
- Consistently ranks near the top of customer satisfaction surveys
- Hong Kong one of the most dynamic economies in the world with high incomes and large tourist inflows, especially from the mainland
- Powerful cross-equity alliance with Air China
- Now has broad access to mainland China through its Dragonair unit
- Key oneworld alliance member
- Hong Kong often used as a gateway to and from Australia
- Major cargo network
- Large numbers of Hong Kong residents living in Canada (especially Vancouver) and the U.S. (especially California and New York)
Weaknesses and threats:
- Hong Kong too far south to serve as a major mainland China gateway for North Americans and Europeans
- Cross-strait liberalization will lead to evaporation of lucrative Taiwan-mainland traffic
- Direct competition from Oasis and Hong Kong Airlines, a carrier linked to the mainland's Hainan Airlines
- Growing competition from airlines in nearby Shenzhen and Guangzhou; can the Pearl Delta region support three major airports plus Macao and Zhuhai?
- High labor costs, especially for pilots
- Unable to raise surcharges as easily as other international airlines; must get government approval
- Low cost carriers all over Hong Kong and nearby airports
Financial data is sourced from company reports. The strengths and weaknesses are based on an analysis by Airline Weekly's editors. Information provided on airlineweekly.com is for general informational purposes only and should not be construed as investment advice.
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