Reading Time: < 1 minute Cathay Pacific is looking to cut staff costs by 10% following a poor first half performance, and is asking pilots to accept a pay freeze, reports the South China Morning Post. The news site has seen an internal memo which shows of 2016’s staff costs of HKD19.7 billion (USD2.5 billion), half was attributable to pilots […]

Reading Time: 3 minutes Global passenger traffic grew 4.5% in June 2016 and 5.6% for the first half of the year. Even though airports reported an increase of 4.0% in international passenger traffic and an increase of 5.1% in domestic traffic in June 2016, international passenger traffic grew faster than the domestic component during the first six months of […]

Reading Time: 3 minutes Comparable operating result for Q2 showed a year-on-year improvement for the seventh consecutive quarter and was positive at 3.2 million euros . January–June 2016 Revenue grew by 3.8% year-on-year to 1,106.0 million euros (1,065.2). Comparable operating result was -12.2 million euros (-41.3). Operating result was -17.4 million euros (-13.9). Comparable EBITDAR was 92.7 million euros (56.5). […]