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Written by: Huang Weilun
2019-11-29 16:05
Last updated: 2019-11-29 19:35Anti-revision storms continue. Reuters today (29th) quoted an internal document from Cathay that said Cathay plans to reduce its capacity by 1.4% in 2020, contrary to its previous plan to increase capacity by 3.1%. Reuters cited the document as saying that Cathay Pacific had cut its capacity for the first time in a long time.
Cathay Pacific acknowledged the news in "Hong Kong 01" and stated in its internal newsletter today: "Overall, we will reduce the capacity of 2020 by 1.4% year-on-year. We have stated in September that we will increase the capacity of 2020 by 3.1% . "
It is rumored that Cathay Pacific will cut its capacity by 1.4% next year. (Profile picture)
Reuters cited Cathay's internal documents, saying that Cathay Pacific Chief Executive Officer Deng Jianrong said that in the face of current business challenges and a decline in status in recent weeks, Cathay needs to act quickly to adjust its 2020 expenditure budget to cope with the then recession. He also said that this is the first time that Cathay Pacific has reduced its capacity (for the first time in a long time, our airline will reduce in size).
The report also said that due to the effects of a series of demonstrations and the heating up of the Sino-US trade war, several airlines have reduced their flights to Hong Kong, including South African Airways and Malaysian AirAsia.
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