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What will be the financial impact on Cathay Pacific due to the Airbus A350 defect by March 31, 2025?
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Resolution / Starting Odds
Less than $50 million • 25%
$50 million to $100 million • 25%
$101 million to $200 million • 25%
More than $200 million • 25%
Official financial reports from Cathay Pacific
Story
Hong Kong Probe Reveals Cathay Airbus Defect, Midair Engine Fire Risk
Sep 19, 2024, 07:39 AM
A Hong Kong probe has revealed that a defect in Cathay Pacific's Airbus A350 could cause extensive damage. The investigation by Hong Kong's aviation accident investigation agency found that the engine failure was due to a ruptured fuel hose, which led to a midair engine fire earlier this month. The preliminary report indicated that the fire could have spread and caused widespread damage to the plane. Investigators found a discernible hole in the fuel hose. The defect has already led to the cancellation of dozens of Cathay Pacific flights in early September.
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Less than 50 flights canceled • 25%
50-100 flights canceled • 25%
101-200 flights canceled • 25%
More than 200 flights canceled • 25%
Yes • 50%
No • 50%
Full fleet grounding • 25%
Partial fleet grounding • 25%
No grounding, but increased inspections • 25%
No significant action • 25%
Profit increase • 25%
Profit decrease • 25%
No significant change • 25%
Loss • 25%
Full operations resumed • 25%
Partial operations resumed • 25%
Operations still restricted • 25%
Operations halted • 25%
Yes • 50%
No • 50%
Grounding the fleet • 25%
Replacing fuel hoses • 25%
Software updates • 25%
Other • 25%
Yes • 50%
No • 50%
Engine replacement • 25%
Engine repair • 25%
Software update • 25%
No action • 25%
Yes • 50%
No • 50%