Cathay Pacific published its passenger traffic data for August 2019. Including its regional arm, Cathay Dragon, the company carried about 2.9 million passengers in the month, which constitutes an 11.3% decrease compared to the same month of 2018. The carrier’s press release acknowledged the palpable impact of the summer-long protests which have embroiled Hong Kong. Closures of Hong Kong International Airport made a major dent in the airline’s operations in August.
In general, the protests have depressed travel to Hong Kong; the airline’s inbound traffic plummeted 38%. Its average load factor fell 7.2% to 79.9% overall. Plus, taking into account Hong Kong’s status as a major business destination in Asia, demand for Cathay Pacific’s well-regarded premium cabins has dropped even lower in comparison to the decrease in demand for its economy class product.
Source: Cathay Pacific