Cathay Pacific Airways CEO Tony Tyler warned in the company's internal staff magazine that things "may get worse" as CX and Dragonair reported falling passenger and cargo numbers this week. The airlines flew a combined 7.79 billion RPKs in December, up 2.4% from the year-ago month, but saw a 0.3% dip in passengers to 2.1 million. Capacity rose 4.7% to 9.86 billion ASKs and load factor declined 1.8 points to 79%. Cargo plunged 23.9% year-over-year to 115.2 million tons and cargo load factor ...

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