BRIEF-Cathay Pacific To Announce Fuel Surcharge Hike In Due Course

Reuters
Mar 11
BRIEF-Cathay Pacific To Announce Fuel Surcharge Hike In Due Course

March 11 (Reuters) - Cathay Pacific Airways Ltd 0293.HK:

  • CATHAY PACIFIC CFO: 30% OF OUR FUEL IS HEDGED AT AROUND, OR JUST UNDER $70 A BARREL. THIS IS HEDGED ON CRUDE OIL, RATHER THAN JET FUEL

  • CATHAY PACIFIC CFO: THE MIDDLE EAST CONFLICT PROVIDES A HUGE LEVEL OF UNCERTAINTY AND VOLATILITY, AND HOW THAT PLAYS OUT IS REALLY HARD TO ASSESS AT THE MOMENT

  • CATHAY PACIFIC: I THINK WE'LL BE MAKING AN ANNOUNCEMENT ABOUT INCREASING FUEL SURCHARGES FOR BOTH TRAVEL AND CARGO IN DUE COURSE

  • CATHAY PACIFIC: THERE ARE QUITE DRASTIC CHANGES IN TERMS OF DEMAND PATTERNS DUE TO THE MIDDLE EAST SITUATION

  • CATHAY PACIFIC CEO: FARES AND FREIGHT RATES, WE'LL JUST CHARGE ACCORDING TO SUPPLY AND DEMAND IN THE MARKET AND SEE WHAT COMPETITION WILL BE DOING

  • CATHAY PACIFIC CEO: OUR FLIGHTS BETWEEN HONG KONG AND EUROPE HAVE SEEN A SURGE IN DEMAND

  • CATHAY PACIFIC CEO: OUR ROOM TO TAKE ON NEW BOOKINGS IS LIMITED

  • CATHAY PACIFIC CEO: FLIGHTS TO US, AUSTRALIA HAVE SEEN A SURGE IN DEMAND

  • CATHAY PACIFIC CEO: ALL LONG HAUL FLIGHTS HAVE SEEN A SHORT-TERM UPTAKE IN DEMAND

  • CATHAY PACIFIC CEO: COMPANY'S FREIGHTER FLIGHTS TO EUROPE ARE BYPASSING DUBAI LEADING TO LESS CARGO CARRYING ABILITY

Further company coverage: 0293.HK

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