Cathay Pacific sees passenger traffic drop 7.1% in September
Cathay Pacific Airways continues to see passenger numbers fall in September as anti-govt protests in Hong Kong drag into the 20th week. In September, Cathay carried 2.4m passengers, down 7.1% year-over-year, while passenger growth (RPKs) was up a scant 0.1%. Cathay Pacific Group chief customer and commercial officer Ronald Lam warned the carrier’s second-half financial results would be worse than the first half. While Cathay said it would reduce capacity and down-gauge some routes, ASKs increased 9.8% in September; as a result, load factors were down 7.2 pts to 73.6%. Lam said Cathay is taking “‘short-term tactical” measures, especially at the end of October to the end of the March 2020 winter season. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-10-21/oneworld/cathay-pacific-sees-passenger-traffic-drop-7-1-in-september
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Cathay Pacific sees passenger traffic drop 7.1% in September
Cathay Pacific Airways continues to see passenger numbers fall in September as anti-govt protests in Hong Kong drag into the 20th week. In September, Cathay carried 2.4m passengers, down 7.1% year-over-year, while passenger growth (RPKs) was up a scant 0.1%. Cathay Pacific Group chief customer and commercial officer Ronald Lam warned the carrier’s second-half financial results would be worse than the first half. While Cathay said it would reduce capacity and down-gauge some routes, ASKs increased 9.8% in September; as a result, load factors were down 7.2 pts to 73.6%. Lam said Cathay is taking “‘short-term tactical” measures, especially at the end of October to the end of the March 2020 winter season. <br/>
