Cathay Pacific To Cut Capacity As Demand For Hong Kong Travel Falls

www.oann.com | 8/14/2019 | Staff
penaert (Posted by) Level 3
HONG KONG (Reuters) – Cathay Pacific Airways Ltd said on Wednesday 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 hit demand.

The airline said inbound traffic to Hong Kong in August had fallen by 38% and outbound traffic by 12% compared with the previous year, and it did not anticipate September would be any less difficult.

Hong - Kong - Airline - Casualty - Protests

The Hong Kong airline has become the biggest corporate casualty of anti-government protests after China demanded it suspend staff involved in, or who support, demonstrations that have plunged the former British colony into a political crisis.

Cathay Chairman John Slosar last week announced plans to step down in...
(Excerpt) Read more at: www.oann.com
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!