Cathay Pacific to cut capacity as demand for Hong Kong travel falls

1,531
View original post
FILE PHOTO: A Cathay Pacific Boeing 777 plane lands at Hong Kong airport after it reopened following clashes between police and protesters
FILE PHOTO: A Cathay Pacific Boeing 777-300ER plane lands at Hong Kong airport after it reopened following clashes between police and protesters, in Hong Kong, China August 14, 2019. REUTERS/Thomas Peter/File Photo

September 11, 2019

HONG KONG (Reuters) – Cathay Pacific Airways Ltd <0293.HK> on Wednesday said it would cut capacity for the upcoming winter season after reporting an 11.3% fall in passenger numbers in the month of August as anti-government protests in Hong Kong lowered demand.

“Given the current significant decline in forward bookings for the remainder of the year, we will make some short-term tactical measures such as capacity realignments,” Cathay Chief Customer and Commercial Officer Ronald Lam said in a statement.

“Specifically, we are reducing our capacity growth such that it will be slightly down year-on-year for the 2019 winter season (from end October 2019 to end March 2020) versus our original growth plan of more than 6% for the period.”

(Reporting by Jamie Freed, editing by Louise Heavens)

Comments are closed, but trackbacks and pingbacks are open.