Staff Reporter
,
Hong Kong
Cost pressures are going up.
According to Maybank Kim Eng, Cathay is facing a challenging 2013 due to: 1) a bloodbath yield environment for the full service carriers (FSC) with declines of 3%-5% seen in 1Q13; 2) a near zombie state cargo markets; and 3) mounting cost pressures from higher staff cost and airport charges.
Furthermore, the traditional second tier airlines have upped their game and are a genuine threat to Cathay, Maybank Kim Eng said.
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