Cathay Pacific registers severe drop in bookings amid Hong Kong protests
Cathay Pacific Airways Ltd is facing a decline in forward bookings for travel to Hong Kong “in the region of double digits” due to widespread protests in the Asian financial centre, a senior company executive said.
There is also some weakness in outbound traffic, Chief Customer and Commercial Officer Paul Loo said, adding that transfer traffic had been hit less but that the overall situation was placing pressure on average fares.
His comments came after Cathay swung to its first profit for the January-June period since 2016 and said the second half was likely to be better.
Via Reuters
