Cathay Pacific CEO forecasts 100% pre-pandemic passenger flights by Q1 2025, with 80% capacity in Q2.
Cathay Pacific CEO Ronald Lam forecasts the airline will reach 100% of pre-pandemic passenger flights by Q1 2025, having currently achieved 80% capacity in Q2. Despite heavy losses and layoffs during the pandemic, the Hong Kong-based carrier reported its first annual profit in four years in March. Yields are expected to normalize as global flight supply and demand stabilize, according to executives.
June 02, 2024
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