Cathay Pacific on track to increase number of destinations as travel resumes

By Clarence Leong

Cathay Pacific Airways Ltd. said she was set to offer to fly to nearly 60 destinations by the end of the year as Hong Kong’s recent scrapping of hotel quarantine requirements for arrivals helped boost sentiment of travel.

The airline said on Monday it carried 265,845 passengers in September, roughly double the number a year earlier, although the figure was still down 89% from pre-pandemic levels in September. 2019.

Its load factor improved 26.7 percentage points to 72.5% last month, Cathay added.

“We remain focused on adding as many passenger flights as possible,” Ronald Lam, Cathay’s Chief Customer Officer and Chief Commercial Officer, said in a statement.

Cathay flies to 51 destinations in October and is on track to double the number of destinations offered from 29 in January by the end of the year, he said.

For its cargo segment, the load factor decreased by 13.3 percentage points to 66.4%. The decline in freight demand was larger than expected, mainly due to lower consumer demand and reduced manufacturing activity in China, the company said.

But he expects demand in China to strengthen in the latter part of the month and is “certain there will be solid demand during the traditional peak freight period.”

“While not reaching the levels reached last year, we expect it to still be above historical averages,” Cathay said.

Write to Clarence Leong at [email protected]