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Cathay Pacific Airways reports improved demand in April
May 12th 2022
Cathay Pacific Airways chief customer and commercial officer, Ronald Lam, said there was an improvement in passenger demand in April as travellers took advantage of the Hong Kong Special Administrative Region (HKSAR) government's recent changes to travel restrictions and quarantine requirements. Read More » "In view of this stronger demand, we increased our passenger flight capacity by about 25% compared with March, although we still only operated about 2% of our pre-pandemic passenger flight capacity last month," Lam said in the airline’s monthly traffic report. The oneworld alliance member scaled new heights in demand on April 29 when it flew 2,805 passengers in the 24 hours, the highest daily total since August 2, 2021. The Hong Kong-headquartered airline reported 40,823 passengers flown for the reported 30 days, up 82.2% from 22,404 passengers carried in the same month in 2021. Lam said Cathay Pacific is targeting an operating cash burn of less than HK$500 million (US$63.7 million) a month "for the next few months", as it increased flying and rebuilt its network.
