AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,526 Increased By 32.9 (0.44%)
BR30 24,650 Increased By 91.4 (0.37%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)
Business & Finance

Cathay Pacific's August passengers down 11pc on 2018

HONG KONG: Cathay Pacific announced Wednesday its August passenger numbers were down 11.3 percent on last year after
Published September 11, 2019

HONG KONG: Cathay Pacific announced Wednesday its August passenger numbers were down 11.3 percent on last year after the troubled airline faced a backlash from Beijing over Hong Kong's heated pro-democracy protests.

The airline, which is based in the financial hub, has had a torrid few weeks after Chinese state media and authorities blasted the company because some of its 27,000 employees had taken part in -- or were sympathetic to -- anti-government protesters.

"August was an incredibly challenging month, both for Cathay Pacific and for Hong Kong," Cathay's chief customer and commercial officer Ronald Lam said in a statement.

Lam added that tourist arrivals significantly affected Cathay's performance as they were nearly half of what they usually are during the summer holidays.

The flagship carrier had a total of 2.9 million passengers last month, the biggest drop in more than a decade according to Bloomberg, with inbound Hong Kong traffic down 38 percent and outbound down 12 percent year-on-year.

The statement also said that inbound demand to Hong Kong from mainland China and North East Asia was "severely hit".

"We don't anticipate September being any less difficult," Lam said.

Hong Kong is now in the 15th week of political unrest, which was sparked by a now shelved bill that would have allowed extraditions to the mainland.

Earlier this month the airline's chairman John Slosar stepped down to retire following CEO Rupert Hogg's resignation in August.

Their decisions came after China's aviation regulator banned airline staff who had supported the demonstrations from working on flights through its airspace and after state media encouraged a boycott in the crucial mainland market.

The flagship carrier has been accused of bowing to political and commercial pressure from Beijing by sacking employees in recent weeks for their public support for the rolling pro-democracy movement.

Comments

Comments are closed.