HSBC on Cathay Pacific Interim Results

The transcript discusses Cathay's record earnings, future capacity plans, and the impact of rising oil prices on their operations. It highlights the recovery trends and cost efficiency in the airline industry, focusing on staffing and profitability. The discussion shifts to China's commodity demand, potential market alternatives, and the shipping industry's decarbonization efforts. Finally, it covers air freight performance and its impact on the airline market in Asia.

What is Cathay's target for passenger capacity by the end of 2024?

• 90%

• 50%

• 70%

• 100%

How has Cathay's staffing costs changed post-pandemic?

• Increased slightly

• Decreased significantly

• Remained the same

• Increased significantly

Which country is responsible for nearly 70% of the world's seaborne iron ore trade?

• Brazil

• Australia

• China

• India

What has been the impact of global events like the Ukraine war on shipping decarbonization efforts?

• Completely halted efforts

• No impact

• Accelerated efforts

• Slowed down efforts

What is the current state of air freight rates compared to pre-COVID levels?

• 30-40% higher

• Unchanged

• 50% lower

• Twice as high

Which sector remains the brightest spot in shipping due to China's continued imports?

• Air freight

• Tanker

• Dry bulk

• Container

What has been the trend in container freight rates recently?

• Significant increase

• No change

• Sharp decline

• Slight uptick