PPRuNe Forums - View Single Post - Cathay Pacific imploding.
View Single Post
Old 28th November 2024 | 00:56
  #318 (permalink)  
PercyP
 
Joined: Jun 2021
Posts: 7
Likes: 0
From: Inner Funk
Sisiphos:

I previously asked what numbers are on the table?

Various media reports claim the Cathay GROUP (including HK Express) will reach 100% of its pre-pandemic "flight capacity" by January, implying things will be back to "normal". However, the monthly traffic figures for Cathay Pacific (the airline) show there's another side to the story.

Cathay Pacific traffic figures for Oct 2024 (available on its website and also released by the HK Stock Exchange) show the available capacity to/from Europe was 60% of the pre-pandemic (ie Oct 2019) capacity. For North America the capacity was 73%, South West Pacific (ie Australia, New Zealand) 89%, and South Asia/Middle East/Africa 63%.

The GROUP might well operate 100% of the NUMBER of pre-pandemic flights by January, but long-haul capacity is still well down on pre-pandemic levels. The airline is clearly not "imploding" as some have speculated, but the data shows that full recovery is still some way off.

Last edited by PercyP; 28th November 2024 at 07:02.
PercyP is offline  
Reply