Robert Besser
24 Jun 2022, 11:25 GMT+10
HONG KONG: Impacted by strict quarantine rules that caused a 98 percent drop in passengers, executives from Hong Kong carrier Cathay Pacific said the airline will bring back more planes to rebuild Hong Kong's status as a flight hub amidst easing restrictions.
On the sidelines of an airline industry gathering in Doha, Cathay Chief Executive Augustus Tang told Reuters, "We have about one-third of our passenger fleet still parked in the desert, not being utilized. We are making preparations for them gradually coming back ahead of the curve."
Since Singapore eased quarantine rules, Cathy's rival, Singapore Airlines, has witnessed a surge in demand, which was back at 61 percent of pre-COVID-19 capacity in May, filling 78.2 percent of seats, their best month since the start of the pandemic.
In contrast, in May Cathay Pacific operated only 4 percent of its pre-COVID capacity, filling 60.5 percent of seats.
Hong Kong's decision to gradually reduce the quarantine time for passengers, which was as high as three weeks for arriving travelers, including from the U.S. and the UK, is encouraging, Tang stressed.
"It is moving in the right direction, and the momentum is gathering, so we are pretty optimistic that we are going to see more and more of this opening up," he added.
Cathay has resumed flights to 45 destinations, up from 30 at the start of the year, with 70 destinations to be available by the end of the year as demand improves, compared to the 108 passenger destinations it operated before the pandemic, he added.
Get a daily dose of Oklahoma Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Oklahoma Star.
More InformationLONDON, England: UK Prime Minister Boris Johnson said this week that in order to move millions of tonnes of grain ...
YANGON, Myanmar: Myanmar's military authorities have transferred deposed leader Aung San Suu Kyi to a prison in the capital Naypyitaw ...
MALDIVES, Male: Police used tear gas and pepper spray this week to control a crowd who disrupted a yoga event ...
SEOUL, South Korea: After a first test launch failed last year, this week officials said South Korea's second test launch ...
WASHINGTON D.C.: Bipartisan legislation aimed at lowering U.S. insulin costs will be put to a vote on the Senate floor ...
MOSCOW, Russia: The UK newspaper, the Telegraph, has been blocked in Russia, following a request from the Russian prosecutor-general.The TASS ...
SYDNEY, NSW, Australia - Stocks across Asia rose on Monday, in a positive start to the week.The U.S. dollar was ...
TOKYO, Japan: Amidst semiconductor shortages and COVID-19 parts supply disruptions, Toyota has reduced its July global production target by 50,000 ...
NEW YORK CITY, New York: Electric vehicle (EV) sales could reach 33 percent globally by 2028, and 54 percent by ...
BERLIN, Germany: To prevent large increases in food prices, officials from G7 countries, including Germany and the UK, will push ...
WASHINGTON D.C.: The U.S. Food and Drug Administration (FDA) is preparing to order Juul Labs to stop selling its e-cigarettes ...
WASHINGTON D.C.: As average home prices surged to a record high, reaching the $400,000 mark for the first time, and ...