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CATHAY PAC AIR Ronald Lam: Halting Dragonair Operations Is Difficult Decision
2024-12-23 08:59:17 The Group has experienced “identity crisis” in recent years, and it is now positioning itself in the same way as Hong Kong, that is "rooted in Hong Kong, backed by mainland, and linked with world", Ronald Lam, Chief Executive Officer of CATHAY PAC AIR (00293.HK), said on a radio program. The COVID-19 pandemic was the most difficult period in CATHAY PAC AIR's 78-year history, when its capacity had been below 5% for a long time and it was a late starter in rebuilding its business compared to its neighbors, Lam added. Therefore, the Group had to work extra hard to catch up. He described the decision to cease operations of the Group's Dragonair in 2020 as a very difficult one, but agreed that the Group should adopt a “dual-brand” strategy after the acquisition of Hong Kong Express. ~ AAStocks Financial News Web Site: www.aastocks.com | |