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March 13, 2019 / JON HEMMERDINGER
Cathay Pacific and Cathay Dragon saw yields across their network rise in 2018, a solid improvement from 2017 when yields were down across all its passenger services markets. Overall, the duo raised ASKs by 3.5% during the year with the introduction of new routes and increased frequencies, resulting in a 0.3 point drop in load factor to 84.1%. Yield however climbed 6.7% to 55.8 Hong Kong cents ($0.13), due to improved demand in premium class, fuel surcharges and revenue management initiatives. South Asia, Middle East and Africa saw the largest yield jump at 9.5%, as it put on 1.8% more capacity. Demand on Middle East routes was strong, reflecting robust bookings from mainland China and Japan, says the airline.