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Tag Archives: Cathay Pacific Airways

Cathay Pacific lowers Q4 capacity forecast as travel restrictions linger



HONG KONG: Hong Kong's Cathay Pacific Airways Ltd said on Monday it had lowered its passenger capacity forecast for the remainder of the year to 13% of pre-COVID levels, down from an earlier 30% target for the fourth quarter as travel restrictions linger.

The airline said it continued to target cash burn of less than HK$1 billion ($130 million) a month for the rest of the year.

Hong Kong lacks a domestic aviation market and has some of the world's toughest pandemic-related travel restrictions.

The city requires fully vaccinated travellers from destinations considered "high-risk", including the United States and Britain, to spend three weeks in hotel quarantine.

Cathay last month said its target of reaching 30% of pre-COVID passenger capacity

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