Hong Kong's aviation industry was hit hard by the onset of the pandemic earlier this year. But while that resulted in worldwide pullbacks in travel demand, Hong Kong's aviation industry has been experiencing headwinds since the second half of 2019. With no end in sight for the pandemic, Cathay Pacific Group is not going to apply for further government employment subsidies, and it is expected Cathay Pacific and Cathay Dragon will slash its workforce in the near future. However, the…
As a result of weakened travel demand due to COVID-19, Hong Kong International Airport is seeing a huge drop of passenger volume as 8.3 million passengers were recorded in the first six months of this year, the airport reported in a press release. It has dropped 78.1% compared to the…
Cathay Pacific announced it will be reducing capacity to Mainland China by 90 percent, as a measure of precaution against the Coronavirus spread. The Hong Kong-based carrier is following the steps of most global carriers who have either temporarily suspended flights to mainland China or are cutting frequencies to combat…
Hong Kong’s aviation industry has paid the price for the recent social unrest in the region. Hong Kong Airport recorded 71.5 million passengers last year, a 4.2 percent decrease compared to the prior year. Meanwhile, total cargo declined 6.1 percent year-over-year. The passenger volume of the airport is facing its…
There were mixed signals this week that international tourism to Hong Kong may be seeing demand levels return to normality after almost six months of continuous political unrest. This comes after the number of travelers to the city dropped by as much as 40 percent in the peak month of…
The Hong Kong aviation industry is still reeling from protests that have gripped the city-state all summer. The former British colony is seeing the most critical crisis in decades as according to Hong Kong's Financial Secretary Paul Chan, the number of visitors fell 40 percent from last year. The world's…
On Aug. 14, 2019, the aviation world was stunned by Cathay Pacific CEO Rupert Hogg's decision to step down amid protests in Hong Kong. Though not officially confirmed, it is apparent that the resignation was Beijing’s response to news that Cathay Pacific employees were participating in protests. Hogg, the person…
On Aug. 14, 2019, the aviation world was stunned by Cathay Pacific CEO Rupert Hogg's decision to step down amid protests in Hong Kong. Though not officially confirmed, it is apparent that the resignation was Beijing’s response to news that Cathay Pacific employees were participating in protests. Hogg, the person…
Hong Kong-based Cathay Pacific has announced a net profit of $171.8 million for the first half of 2019. According to the interim result, the passenger revenue increased by 5.6 percent, the capacity increased by 6.7 percent and the load factor remained unchanged at 84.2 percent. But the group’s cargo revenue…
Hong Kong-based Cathay Pacific has announced a net profit of $171.8 million for the first half of 2019. According to the interim result, the passenger revenue increased by 5.6 percent, the capacity increased by 6.7 percent and the load factor remained unchanged at 84.2 percent. But the group’s cargo revenue…
