Diary of a rail fan in Kansai,Japan(Ver.2)

About world's rail news, general news, my train pictures, and travel diary)

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Cathay Pacific says 2012 net profit slumps 83.3% on high fuel prices

Citation: http://www.straitstimes.com/breaking-news/money/story/cathay-pacific-says-2012-net-profit-slumps-833-high-fuel-prices-20130313

Competition will be a stronger factor of Cathay's difficulty.
For example, after debut of Peach Aviation, Cathay's share on Osaka - Hong Kong must have decreased.

As this way, conventional airline careers such as Cathay will have to compete not only with high oil price but also with LCC.