Cathay's Dragon Air Pares Industry Headwinds, CEO Says

Cathay Pacific Chief Executive John Slosar discusses:

- IATA June profit cut; 
- Air cargo as a forward indicator; 
- Singapore breaking through past HK in GDP terms;
- Biggest headwinds to the business this year, bright spots;
- Commercial - leisure traffic dynamics - outlook;
- Route decisions;
- Former Cathay chief Tony Tyler soon to be in charge of IATA;
- Cathay's China-focused Dragon Air unit remaining highly positive on China;
- Jet fuel - sensitivity - fuel-derived costs structure;
- Whether hedging - hedging policy details;
- Speculated June end to QE2 -- expected impact as regards travel, direction of oil prices;
- Volcanic ash - Japan crisis - quakes - Black Swan events;
- Plans by SIA to enter the long-haul, low-cost arena;
- RPK issues;
- ASK issues;