Cathay Pacific has warned about the cancellation of some flights to and from Hong Kong in January as flight and travel restrictions continue to affect its schedule.
The airline has reviewed passenger flights and said it has apologized to its customers. The New Year holiday season is usually a busy time for Cathay and Hong Kong as aviation hubs, but strict pandemics and government quarantine regulations have forced significant service cuts.
Cathay service from New York to Hong Kong was banned on Monday until January 2, after it was discovered that three passengers had Covid on the flight on that route. Cathay’s ability to serve even skeleton schedules has been hampered by being forced into so-called closed-loop systems that keep aircraft crew away from home for weeks. As a result, airlines have moved some pilots to Los Angeles.
Cathay already cut flights in December, again due to operational and travel restrictions. Akbar Al Baker, CEO of Qatar Airways, which owns about 10% of Cathay, recently said Hong Kong’s Covid policy “killed” the airline. South China Morning Post.. Meanwhile, OAG Chief Economist John Grant warned that continued border closures in Hong Kong could “completely destroy” the city’s position as Cathay and its hub.
The airline said earlier this month that it had a healthy level of liquidity, largely because freight transport offset the prolonged slump in passenger transport. According to the latest figures, the airline flew 70,047 passengers in November, up year-on-year, but down 97% from the same month of 2019. We operate about 12% of the flight capacity before the pandemic.
This figure “reflects the airline’s significant capacity savings in response to the significant decline in demand, as well as travel bans and quarantine requirements in place in Hong Kong and other markets,” Cathay said at the time. I am saying.
Cathay’s share fell 11% this year, showing the worst performance in Bloomberg’s Asia Pacific Airlines Index.
https://gulfbusiness.com/cathay-pacific-warns-of-several-more-flight-cancellations-in-january/ Cathay Pacific warns of cancellation of “some” flights in January