Air Transport World

Cathay Pacific.(Asia/Pacific)(Brief Article)

The SARS virus devastated Cathay's traffic in early 2003, choking the normal 40,000 daily passengers to only 5,000 at its peak, but that was just setting the stage for the airline's remarkable rebound. It cut 45% of its capacity but maintained network integrity, and its turnaround in the last six months of the year was stunning. For the full year the group reported a healthy profit, although just one-third of the amount earned during 2002, despite a 10.6% revenue loss. Supporting the airline was the unflagging demand for cargo, with record weight carried.

In January Cathay launched the 747-400 Special Freighter program with an order to convert at least six and as many as 12 passenger aircraft. …

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