Cathay Profit Confirms Recovery

Cathay Pacific has implemented strategic changes to boost revenue, such as increasing destinations and revamping aircraft. Despite these efforts, challenges like volatile oil prices and ongoing union negotiations persist. The company has also adjusted its hedging strategy, shortening contracts to mitigate past losses, which may improve future financial performance.

What strategies has Cathay Pacific implemented to boost its revenue?

• Reducing the number of flights

• Expanding destinations and adding more seats

• Decreasing in-flight services

• Increasing ticket prices significantly

What is one of the major challenges Cathay Pacific is currently facing?

• Overstaffing issues

• Volatile oil prices

• Lack of new aircraft

• Decreasing passenger numbers

What aspect of Cathay Pacific's turnaround plan involves negotiations?

• Aircraft maintenance

• Union pay discussions

• Marketing strategies

• Customer service improvements

How has Cathay Pacific addressed its past issues with oil price hedging?

• By shortening the duration of hedging contracts

• By eliminating hedging contracts entirely

• By investing in alternative energy sources

• By increasing the duration of hedging contracts

What is expected to improve as Cathay Pacific's previous hedging contracts expire?

• Employee morale

• Flight punctuality

• Financial performance

• Customer satisfaction