Cathay definition
Examples of Cathay in a sentence
As a global airliner, Cathay Pacific is exposed to risks arising from any actual or potential political events (including war, terrorism, social unrest and public order events), which may disrupt travel and business, reduce passenger traffic and shipment of air cargo, may lead to closure or restriction of access to airspace or airports, and may contribute to a fear of travelling by air, visiting particular destinations.
Liberalisation of air traffic rights increases competition as it enables more airlines to operate on Cathay Pacific’s network of routes.
Foreign governments may distort competition by subsidising their domestic airlines, which may put pressure on the revenues of Cathay Pacific.
Cathay Pacific competes with full service and low-cost carriers and with existing and new airlines.
Interest rates for Cathay Pacific can increase because market rates increase or because lenders change their views of Cathay Pacific’s creditworthiness.