Airline Finance News - Asia / Pacific.For more airline finance data and analysis, please go to: http://www.airguideonline.com/professional.htm May 22, 2006 Cathay Pacific Cathay Pacific Airways Limited (HKSE: 0293 ) is an airline based in Hong Kong, operating scheduled passenger and cargo services to over 104 destinations worldwide. It is the flag carrier of Hong Kong with its main base at the Hong Kong International Airport. [1]. Airways Cathay Pacific Airways yesterday placed into service its first "silver bullet silver bullet - magic bullet " freighter, a 747 stripped of almost all of its paint that is approximately 200 kg. lighter, saving more than HK$1.5 million ($193,450) in annual fuel costs. CX said all 14 of its freighters will be modified over the next couple of years, and it also will introduce cargo and baggage containers. Passenger aircraft will maintain their full livery. May 19, 2006 Qantas Qantas launched a Sustainable Future program in 2003 aiming to remove A$3 billion from its cost base by 2007-08, but that strategy, while effective, has been derailed by soaring fuel costs, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. CFO See Chief Financial Officer. Peter Gregg Peter Gregg is the name of two notable people:
Qantas Qantas warned staff it will lay off 20%, or approximately 1,000, of its management and administrative personnel in order to slash costs as fuel prices continue to rise. The carrier's fuel bill has increased by A$2 billion ($1.53 billion) to A$3.8 billion in the past two years and is expected to grow by a further A$1 billion during the 2006-07 financial year. It warned at its half-year results announcement in February that job losses were on the agenda in addition to the 600 jobs that were lost in the first six months due to restructuring and the 500 positions eliminated with the closure of the heavy maintenance operation in Sydney. May 19, 2006 Singapore Airlines  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Singapore Airlines flew 7.06 billion RPKs in April, an 11% increase over the year-ago month. Capacity rose 4.1% to 9.26 billion ASKs, lifting load factor 4.8 points to 76.3%. May 18, 2006 Singapore Airlines Singapore Airlines increased its fuel surcharge to $60 per ticket from $50 on most flights and to $20 from $15 on select regional operations, effective yesterday. May 16, 2006 |
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