Cathay Pacific’s Slump Makes Singapore Airlines Look Good – Budget & Mainland China Carriers Doing Damage

According to Bloomberg, competition from budget Asian carriers and mainland Chinese airlines are having a big impact on Cathay Pacific’s business. The stock is down -41% in the last twelve months, compared to a drop of only -4.8% for Singapore.  Unlike Cathay, Singapore of course has two low cost units in the family – Scoot and Tiger Airways.

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