Cathay Pacific’s Long Term Outlook Is Pretty Bright, Says Capa Centre’s Sobie

The video discusses the recent leadership changes at Cathay Pacific, including the appointment of a new CEO, Augustus Tan. It highlights the challenges and opportunities the airline faces in rebuilding confidence in Hong Kong and mainland China. The acquisition of Hong Kong Express is part of Cathay's strategy to strengthen its position in the budget market. Despite intense competition, Cathay has advantages due to slot constraints at Hong Kong airport. The long-term outlook remains positive, with plans for new aircraft orders and the opening of a third runway in 2024.

What is the significance of the third runway opening in 2024 for Cathay Pacific?

In what ways is competition affecting Cathay Pacific's market position?