Cathay Pacific Needs to Cut Costs Further, Horton Says
March 19 -- Will Horton, a Hong Kong-based analyst at the CAPA Centre for Aviation, talks about Cathay Pacific Airways Ltd.'s strategy. Cathay lost HK$911 million ($117 million) from wrong bets on fuel last year. It's also racked up HK$12.5 billion in unrealized losses. Horton also discusses the Hong Kong government's approval of a third runway at the city's international airport. He speaks with Rishaad Salamat on Bloomberg Television's "Trending Business."
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