As protests in Hong Kong continue, local airlines keep suffering traffic losses. Cathay Pacific provided its latest traffic update for November 2019, depicting how difficult the month was for the carrier.
Overall, the Cathay group airlines, namely Cathay Pacific and Cathay Dragon, carried 2.6 million passengers, 9% less compared to the same month in 2018. The average Load Factor dropped by 3.2% to 80.1%, while capacity decreased by 1.5%, corresponding to the falling demand for travel to Hong Kong.
Cargo operations also suffered, with 3.9% less tonnage carried during the month. Load Factors went down by 1.5% to 68.6% with capacity and Revenue Freight Ton Kilometers (RFTK) also dropped by 3.8% and 5.8% compared to November 2018.
The most painful spot for the airline is, of course, inbound traffic to Hong Kong, which dropped by 46%, while in October it was down by 36% compared to the corresponding months in 2018. Outbound traffic decreased by 8%.
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