Cathay Pacific Group expects pandemic recovery in 2024 – The airline

dallas – The Cathay Pacific Group said it aims to restore passenger traffic to 70% of pre-coronavirus levels by the end of 2023. But the company doesn’t expect capacity to return to 2019 levels until the end of 2024.

The group, made up of Cathay Pacific (CX) and HK Express (UO), said in a statement that it is “committed to restoring passenger capacity and connectivity at the Hong Kong aviation hub to meet demand for Hong Kong and international travel” markets.

To this end, the airline will add around 3,000 flights by the end of 2022, increasing capacity by a third. The move comes after Hong Kong authorities eased strict travel restrictions that have hampered travel to and from one of Asia’s most connected cities.

Cathay Pacific has been increasing capacity since Hong Kong travel restrictions eased.Photo: Noah Pitkin/Airlines

meet the challenge

Cathay Pacific chief executive Tang O’Keung said the airline “is taking a prudent and responsible approach to managing our own recovery path and needs to address the unique challenges of Hong Kong.”

He went on to say that despite the travel restrictions, the group’s “recovery trajectory is in line with other airlines that have not benefited from the domestic market since borders started opening.”

The group recently announced that Tang will step down as CEO effective January 1, 2023, to be replaced by Ronald Lam, head of commercial CX.

The airline group will play a key role in strengthening Hong Kong International Airport’s status as an international hub.Photo: Cathay Pacific

Hong Kong hub

“It is important that we have enough pilots, cabin crew and operations staff to support our current flight schedule, and we believe our ongoing hiring program will ensure this remains the case throughout the recovery. The short-term bottleneck is the long-term The recertification of pilots who fly regularly and the recommissioning of aircraft. We have been enhancing our capabilities to expedite this process,” Tang added.

The group’s statement also added that under the 14th Five-Year Plan, Hong Kong will strengthen its status as an “international aviation hub”. “While we continue to increase passenger flight capacity, we also look forward to the completion of HKIA’s three-runway system in 2024, which remains critical to the long-term future of the hub,” explained Mr Tang.

Featured image: CX Airbus A350-900 (B-LXA).Photo: Brendan Farris/Airlines

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button