Management Accounting Group Project on Cathay Pacific

Cathay Pacific is an airline company established in 1946 and became a listed company in 1986. It mainly provides airline and air freight services. In 2006, it purchased Dragonair and in 2019, it underwent the acquisition of HK Express. However, due to COVID-19, the number of passengers results in a great dropped and the company starts to lose money. According to the Interim Report 2019 of Cathay Pacific, the yield of Europe, the Americas, and Southwest Pacific has decreased by comparison with 2018 which is 5.9%, 5.0%, and 3.0% respectively.