Friday 20 September 2019
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business-standard - 9 days ago

Cathay Pacific s August passengers down 11% on 2018

Cathay Pacific announced Wednesday its August passenger numbers were down 11.3 per cent on last year after the troubled airline faced a backlash from Beijing over Hong Kong s heated pro-democracy protests. The airline, which is based in the financial hub, has had a torrid few weeks after Chinese state media and authorities blasted the company because some of its 27,000 employees had taken part in - or were sympathetic to - anti-government protesters. August was an incredibly challenging month, both for Cathay Pacific and for Hong Kong, Cathay s chief customer and commercial officer Ronald Lam said in a statement. Lam added that tourist arrivals significantly affected Cathay s performance as they were nearly half of what they usually are during the summer holidays. The flagship carrier had a total of 2.9 million passengers last month, the biggest drop in more than a decade according to Bloomberg, with inbound Hong Kong traffic down 38 per cent and outbound down 12 per cent ...


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