The carrier, which is forecast to report earnings of up to $4.8 billion, plans to boost its transpacific and Asian services
Cathay Pacific Airways plans to boost its transpacific and Asian passenger services this summer as it prepares to take delivery of at least six new wide-bodied jetliners over the coming year.
The carrier, which was due to unveil its final results for last year tomorrow, would add the west coast of the United States to its schedule of flights while increasing its services to north Asia, Beijing and Vietnam, sources said.
Cathay has also assigned a tentative July 1 launch date for its inaugural Moscow services but a source said the flights still had not been given final go-ahead by the senior management.
Analysts expected Cathay to record profits for the year to December within the range of $3.6 billion to $4.8 billion, after the airline reported $1.77 billion in interim profit for the first six months.
As part of an aggressive expansion drive after nearly two years of industry uncertainties over the Sars crisis and the war in the Middle East, Cathay intends to launch a raft of new flights on July 1.
