Rajesh Menon, Regional Sales & Marketing Manager - South Asia, Cathay Pacific Airways talks about the carrier’s performance in India as well as India’s civil aviation market
Cathay Pacific Airways and Dragonair currently operate 48 weekly departures from six cities in India to Hong Kong. The carrier has exhausted all its bilateral rights, however, constantly reviewing new routes that could be profitable in the future.
The Govt of India is coming out with a new Civil Aviation Policy. How would you explain the emerging scenario in Indian aviation sector? What is your expectation from the new Policy?
There is a lot of speculation around the new Civil Aviation policy but we still don’t know anything concrete. But India's upbeat outlook in the contrasting slump of the world economy is a great sign. At a 7.5 per cent GDP growth further reiterates the fact there is immense potential the Indian market has to offer. Any infrastructure support will give everyone an opportunity to leverage the huge demand in one of the fastest growing economies. Investment in new air strips and airports will benefit the entire industry.
What is the current operational profile of Cathay in India? Cathay has been trying to add new points of call in India. Is there any development on this front?
Cathay Pacific Airways and Dragonair currently operate 48 weekly departures from six cities in India to Hong Kong. At this moment, we have exhausted all our traffic rights and have no immediate plans for additional destinations and frequencies. We are constantly reviewing new routes that could be profitable in the future. We are continuously monitoring market demand and exploring new opportunities
How has been the year 2015 for Cathay in India in terms of load factor and yields? What is the expectation from 2016? What is the contribution of India market in Cathay’s overall business?
The Cathay Pacific group reported an attributable profit of HK$6,000 million for 2015. The high passenger load factors experienced in the first half of the year continued in the second half, reflecting strong economy class demand. Premium class demand was not as strong as expected on some long-haul routes. In 2015, India saw revenue grow faster than capacity. We saw healthy load factors between 80 –85 per cent across all cabins on our flights. The potential for travel in India is only rising higher and we look forward to playing our full part in growing the aviation business here. The big issue at the moment is yield, which remains under intense pressure due to the overall softness of the markets and the big increase in competitor capacity.
23/06/16 Murari Mohan Jha/Travel Trends Today
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Cathay Pacific Airways and Dragonair currently operate 48 weekly departures from six cities in India to Hong Kong. The carrier has exhausted all its bilateral rights, however, constantly reviewing new routes that could be profitable in the future.
The Govt of India is coming out with a new Civil Aviation Policy. How would you explain the emerging scenario in Indian aviation sector? What is your expectation from the new Policy?
There is a lot of speculation around the new Civil Aviation policy but we still don’t know anything concrete. But India's upbeat outlook in the contrasting slump of the world economy is a great sign. At a 7.5 per cent GDP growth further reiterates the fact there is immense potential the Indian market has to offer. Any infrastructure support will give everyone an opportunity to leverage the huge demand in one of the fastest growing economies. Investment in new air strips and airports will benefit the entire industry.
What is the current operational profile of Cathay in India? Cathay has been trying to add new points of call in India. Is there any development on this front?
Cathay Pacific Airways and Dragonair currently operate 48 weekly departures from six cities in India to Hong Kong. At this moment, we have exhausted all our traffic rights and have no immediate plans for additional destinations and frequencies. We are constantly reviewing new routes that could be profitable in the future. We are continuously monitoring market demand and exploring new opportunities
How has been the year 2015 for Cathay in India in terms of load factor and yields? What is the expectation from 2016? What is the contribution of India market in Cathay’s overall business?
The Cathay Pacific group reported an attributable profit of HK$6,000 million for 2015. The high passenger load factors experienced in the first half of the year continued in the second half, reflecting strong economy class demand. Premium class demand was not as strong as expected on some long-haul routes. In 2015, India saw revenue grow faster than capacity. We saw healthy load factors between 80 –85 per cent across all cabins on our flights. The potential for travel in India is only rising higher and we look forward to playing our full part in growing the aviation business here. The big issue at the moment is yield, which remains under intense pressure due to the overall softness of the markets and the big increase in competitor capacity.
23/06/16 Murari Mohan Jha/Travel Trends Today
