‘I’ve got the toughest job’: Cathay Pacific chief says the best is yet to come from struggling Hong Kong airline

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Ivan Chu Kwok-leung admits revenues are back to 2009 levels but remains optimistic about industry potential and new investments

 

Ivan Chu Kwok-leung helms Cathay Pacific Airways – Hong Kong’s biggest airline and one of the city’s most iconic symbols – as chief executive.

The company marked its 70th anniversary last week and today bids farewell to the Boeing 747 aircraft that defined aviation, brought success to the airline and connected Hong Kong to the rest of the world.

But while Cathay has been a high-flyer in the past, the airline is an outlier in the industry today, struggling with dwindling profits and intense competition at home in Hong Kong International Airport. The chief, a Cathay lifer of 32 years, talks about the company’s history, its current problems and its future.

How would you reflect on this 70th anniversary milestone?

More: http://www.scmp.com/news/hong-kong/economy/article/2024021/ive-got-toughest-job-cathay-pacific-chief-says-best-yet-come#comments