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Cathay Pacific's 2007 Profit Up 72 Percent  
User currently offlineWowpeter From Hong Kong, joined Oct 2006, 156 posts, RR: 0
Posted (6 years 6 months 2 weeks 3 days 15 hours ago) and read 2619 times:

Cathay Pacific just announced their profit for 2007. It increase by 72 percent over 2006. Beat analysis expectation of 42% by a huge margin!

Turn over increase to HKD 75358 million (USD 9.66 billion) (Increase 24%)
Profit to sharesholders increase to HKD 7023 million (USD 926 million) (Increase 72%)
Profit Margin of 11.1%

This follows a trend of all the airlines that has announced their 2007 results so far!

http://www.forbes.com/markets/feeds/afx/2008/03/05/afx4731909.html

http://www.reuters.com/article/rbssI...tilitiesNews/idUSHKF07894720080305

8 replies: All unread, jump to last
 
User currently offlineZkpilot From New Zealand, joined Mar 2006, 4830 posts, RR: 9
Reply 1, posted (6 years 6 months 2 weeks 3 days 13 hours ago) and read 2533 times:

I know that both NZ and QF have recently announced large increases in profit.


56 types. 38 countries. 24 airlines.
User currently offlineCXfirst From Norway, joined Jan 2007, 3068 posts, RR: 1
Reply 2, posted (6 years 6 months 2 weeks 3 days 11 hours ago) and read 2443 times:

Seems like a good year in aviation generally.

72% that is really good Big grin

-CXfirst



From Norway, live in Australia
User currently offlineZeke From Hong Kong, joined Dec 2006, 9101 posts, RR: 75
Reply 3, posted (6 years 6 months 2 weeks 3 days 9 hours ago) and read 2354 times:

This is a good result for the company, should result in about 1.5 months extra salary for staff as a profit share (if earning under 12,000 a month)


We are addicted to our thoughts. We cannot change anything if we cannot change our thinking – Santosh Kalwar
User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9169 posts, RR: 15
Reply 4, posted (6 years 6 months 2 weeks 3 days 7 hours ago) and read 2280 times:

How does the net profit compare to BA, QF, SQ, EK etc? Higher? Lower? Or about the same?

User currently offlineAirbus_A340 From Hong Kong, joined Mar 2000, 1560 posts, RR: 19
Reply 5, posted (6 years 6 months 2 weeks 3 days ago) and read 2123 times:

it really is a good result, extremely happy with it. i found it a pleasant surprise that management decided to give us a discretionary extra bonus to our profit share.


People. They make an airline. www.cathaypacific.com
User currently offlineAndrej From United Kingdom, joined Jun 2001, 940 posts, RR: 0
Reply 6, posted (6 years 6 months 2 weeks 2 days 22 hours ago) and read 2085 times:

Congratulations to CX! It is good to hear that airlines make strong profits and beat analysts' expectations.

Quoting Zeke (Reply 3):

Reading the local forum at pprune, there are few rumors about the profit share. But many seem to agree that 16.5 days and $6000. Does 16.5 (working  confused  ) days = 1.5 months. It would make sense, but I am not sure and that's why I ask.  Smile

Cheers,
Andrej


User currently offlineAirbus_A340 From Hong Kong, joined Mar 2000, 1560 posts, RR: 19
Reply 7, posted (6 years 6 months 2 weeks 2 days 22 hours ago) and read 2072 times:

Andrej,
there's a formula to calculate CX profit share. It was calculated that 16.5 days + (HK$6000 or half months salary whichever is lower). However because of the exceptional performance, the management decided to increase it to 1 months salary + the $6000/half salary just for this year.



People. They make an airline. www.cathaypacific.com
User currently offlineAndrej From United Kingdom, joined Jun 2001, 940 posts, RR: 0
Reply 8, posted (6 years 6 months 2 weeks 2 days 22 hours ago) and read 2052 times:



Quoting Airbus_A340 (Reply 7):



Thanks for the explanation. So formula counted 16.5 working days towards the bonus. Nevertheless its good to hear that the management gave you guys (pilots, agents, flight attendants and other crew) good bonus. After all happy employees preform better than unhappy ones.  Smile

Cheers,
Andrej


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