PDA

View Full Version : Cathay Pacific Cuts Capacity, Offers Unpaid Leave - Bloomberg



NewsWhore
04-17-2009, 02:20 AM
<img alt="" height="1" width="1">
Cathay Pacific Cuts Capacity, Offers Unpaid Leave (http://news.google.com/news/url?sa=T&ct=us/3-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3DaUod5KpuSm48%26refer%3Dasia&cid=1333503544&ei=QCHoSarhDorMM_XI_IEC&usg=AFQjCNFnCLQoW0HvoGVTHJJ2dmJokDfPNg)
Bloomberg
“A toxic combination of low fares, a big drop in premium travel, weak cargo loads, poor yields and a negative currency impact is making it more important than ever to preserve cash,” Chief Executive Officer Tony Tyler said in the statement. ...


More... (http://news.google.com/news/url?sa=T&ct=us/3-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3DaUod5KpuSm48%26refer%3Dasia&cid=1333503544&ei=QCHoSarhDorMM_XI_IEC&usg=AFQjCNFnCLQoW0HvoGVTHJJ2dmJokDfPNg)