Cathay Pacific (CX) will take delivery of 12 A350s this year, as it continues to improve its product offerings amidst its best financial performance in five years.
Speaking to Bloomberg at a financial press conference this week, the airline’s chief executive Ivan Chu expressed optimism for the next 12 months and highlighted plans to improve the company’s position through new products and services, including new destinations (London Gatwick and Madrid), lounges, and the impending arrival of the A350.
“Going forward, we will be focusing on the continued investment in our products,” said Chu. “We have 48 A350s on order, of which 12 will arrive this year.”
Chu revealed that the A350s will feature all-new business, premium economy and economy class products. While few details have emerged about these seats, rumours have been circulating that the new business seat will be similar to the current product (see here).
Chu also revealed that CX will also be focusing on the China market, which has seen significant growth over the last year.
“Last year, 109 million Chinese left the mainland to travel abroad,” said Chu. “We have benefited from that surge in outbound traffic and we expect that to continue as long as the world economy stabilises.”
The Oneworld carrier recorded a 90.5 per cent improvement in profitability, totalling HK$6 billion in 2015.
For more information, visit cathaypacific.com