Cathay Pacific Group notes ‘very weak’ demand in Jan-2021, expects ‘extremely challenging’ months

    Cathay Pacific Group chief customer and commercial officer Ronald Lam stated (17-Feb-2021) the carrier’s overall demand in Jan-2021 “remained very weak”, and passenger capacity declined 6% compared to Dec-2020. Cathay handled 981 passengers per day during the month, the first time this number has declined to below 1000 since Jun-2020, and passenger load factor also declined to the lowest on record at 13.3%. The carrier also expects the “coming months will be extremely challenging”, as long as stringent quarantine measures continue to be in place in Hong Kong and elsewhere.

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