With Hong Kong civil unrest leading to a drop in visitors for both business and leisure travelers, Cathay Pacific will cut capacity on routes.
Hong Kong-based Cathay Pacific and Cathay Dragon saw an 11.3 percent fall in passenger numbers in August. Executive Ronald Lam told Reuters, “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 realignment.
“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 percent for the period.”
Cathay Pacific also said demand for premium class seats is down, a hit to the airline’s profits.
Meanwhile, Qantas is also cutting capacity to Hong Kong (HKG), as its CEO Alan Joyce says travel there dropped 10 percent.
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