Cathay Pacific 2011 Annual Report Download - page 25
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Cathay Pacific Airways Limited Annual Report 2011 23
There are nearly 500 Asia Miles partners grouped into
nine different categories, including airlines, hotels and
major financial institutions. There are 20 airline
partners covering over 1,000 destinations.
There was a 19% growth in air redemptions by
Asia Miles members in 2011. More than 90% of
Cathay Pacific flights carry passengers who have
redeemed frequent flyer miles through the Asia
Miles programme.
Antitrust investigations
Cathay Pacific remains the subject of antitrust
investigations and proceedings by competition authorities
in various jurisdictions and continues to cooperate with
these authorities and, where applicable, defend itself
vigorously. These investigations are ongoing and the
outcomes are subject to uncertainties. Cathay Pacific is
not in a position to assess the full potential liabilities but
makes provisions based on facts and circumstances in
line with accounting policy 19 set out on page 51.
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Review of Operations CARGO SERVICES ASIA MILES