The company has a strong market position in the aviation industry. According to the Air Transport
World's World Airline Report published in 2011, Cathay Pacific was the second most profitable airline
worldwide (in terms of net profit) and the seventh largest airline (in terms of operating profit). In
addition, it was also the tenth largest airline in terms of revenue passenger kilometers (RPKs) and
fourth largest in freight tonne kilometers (FTKs). Moreover, Hong Kong Airport Services (HAS), a
wholly owned subsidiary of Cathay Pacific and an integrated ground handling operator in Hong Kong,
had 49% and 24% market shares in 2011 in ramp and passenger handling businesses, respectively
at Hong Kong International Airport.