Cathay Pacific ranked Best Managed Airline in Asias
Cathay Pacific Airways has been ranked the best managed major
airline in Asia and the second best managed major airline in the
world by leading airline industry magazine Aviation Week & Space
Technology. Cathay Pacific was also lauded for the "exceptionally
strong performance" of its management. The rankings are based on a
combination of asset utilisation, productivity and financial health.
The rankings are part of Aviation Week's annual Best-Managed
Companies survey and were published in its 10 July edition. The
award for the best managed major airline in the world went to
SAirGroup. Third place went to Air Canada, and fourth to Delta Air
Lines. The second highest Asian carrier was Japan Airlines, which
Cathay Pacific achieved a total score of 56.5 points just 0.3 points
behind SairGroup. Cathay Pacific ranked particularly highly in terms
of productivity and financial health. On both measures it surpassed
all other top 20 major carriers.
Aviation Week said the highly-ranked companies should serve as a
guide for aerospace companies and airlines worldwide. The
magazine said: "Every one of them is continuing to push for higher
levels of performance by focusing on what's best for the business.
Above all they recognise that competitiveness is a moving target,
with customer satisfaction the ultimate objective."
Cathay Pacific's Director and Chief Operating Officer Philip Chen
said: "We are very pleased that our efforts to overhaul Cathay
Pacific and enhance its long-term competitiveness have been
recognised. This award is a tribute not just to management but to all
staff who have contributed to improving our fortunes over the past
Hong Kong's airline Cathay Pacific receives a wide range of awards
from both customers and the industry. The airline was recently
awarded "Best Airline-Club Lounge" in the Robb Report magazine's
annual "Best of the Best" awards. Cathay Pacific was also recently
voted "Best Airline Business Class" by Travel Trade Gazette Asia
magazine for the third successive year.