The airline and its unit Cathay Dragon carried 2.99 million passengers in December, a drop of 3.6% from a year earlier, according to the statement. The decline in November was more severe at 9%. Inbound traffic plunged 46% last month, the same as November.
SINGAPORE (Jan 17): Cathay Pacific Airways Ltd., one of the most high-profile corporate casualties of pro-democracy protests in Hong Kong, said it expects business to remain tough this year.
“We continue to see a significant shortfall for the period after Chinese New Year, especially from inbound traffic,” Cathay’s Chief Customer and Commercial Officer Ronald Lam said in a statement, referring to the national holidays that are at the end of January this year. “2020 will continue to present us with a highly challenging operating environment,” he said.
