Cathay Pacific Airways has seen the falls in passenger and cargo traffic begin to stabilize but it is unclear whether there are real signs of a sustained recovery.
Cathay and other airlines have seen a stabilization in the big drops in cargo and passenger numbers, Cathay CEO Tony Tyler said in a speech at the Aviation Club in London.
But "this is traditionally a good time for us" so it remains to be seen, whether what "we are seeing this year... heralds a return to greener pastures".
"We'll have a better idea by the end of the year", but "I cannot at this stage honestly say that I see an end to it," he says.
He adds, when the "true recovery comes", Asia will be the first to bounce back because it "is sharply focused on economic development".
Source: Air Transport Intelligence news
