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Bloomberg
Cathay Pacific Airways Ltd expects to continue operating at about 2% of pre-pandemic passenger capacity as long as Hong Kong, battling a rapidly worsening Covid-19 outbreak, keeps virus restrictions in place.
Hong Kong’s main airline, which relies solely on international travel, carried 24,699 passengers in January, down 99.2% from the same month in 2019, prior to the pandemic. Numbers averaged just 797 a day, while load factor was 40%.
“We are currently not seeing any signs of significant recovery in passenger travel demand,†Chief Customer and Commercial Officer Ronald Lam said. Embattled Cathay has been issuing similarly bleak reports throughout most of the Covid crisis.