Post-pandemic demand recovery ‘impossible to predict’: Cathay

March proved to be yet another month of weak traffic figures for Cathay Pacific, which states that it is “impossible to predict” when passenger demand will recover from the coronavirus crisis. Commenting on its traffic results for March, Cathay adds that it is not seeing any improvement so far in passenger bookings and anticipates carrying less than 1,000 passengers a day in April. This is significantly lower than the 100,000 passengers it used to carry daily. For the month of March, Cathay and Cathay Dragon carried just over 311,000 passengers, a 90% decrease year-on-year. RPKs dropped 84.3%, while ASKs fell 73.2%, both led by deep cuts to mainland China and Northeast Asia. Overall passenger load factor for the month tumbled 34.6 percentage points to 49.3%. <br/>
FlightGlobal
https://www.flightglobal.com/airlines/post-pandemic-demand-recovery-impossible-to-predict-cathay/137936.article
4/17/20