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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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MetroSport Forecast Challenge | The Star


The Star’s Randeep Singh, Ivan Loh, Shaun Orange, Brian Martin and Jagdev Singh will pit their forecast expertise against each other in predicting the outcome of selected English Premier League matches each week.

Points are tabulated on a system that awards the exact scoreline with 40 and 10 for the correct result (win, lose or draw).

The final score is based on 90 minutes plus stoppage time.


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