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Old 23rd Apr 2003, 19:31
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Dragonslaver
 
Join Date: Nov 2002
Location: Hazy Harbour
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About half the schedule cancelled and about half the fleet parked (some of the parked A/C will be moved to more economical ports outside HKG in the near future because HKG Airport Authority is refusing to reduce exorbitant parking charges in line with reductions announced at SIN and MNL). Many (8 or 9) destinations with negative or marginal profitability before SARS have been abandoned, and it is questionable whether services will return to some of these ports. Most operating flights have <40% passenger load, with many <20%.
On a brighter note, freight is still performing very strongly, with many A-330’s carrying good loads of lower deck freight to help make up for the lack of the self loading variety.
Dragonair has been very profitable over many years, and will be again when SARS blows over, so it is hoped that there will not be a knee-jerk reaction similar to the fiasco in 1997 (A/C disposed of, orders cancelled, training halted, threats of retrenchment….) which resulted in a serious shortage of resources when the traffic returned rapidly a few months later.
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