HONG KONG: Higher leisure traffic offset falling premium demand for Cathay Pacific Airways in the peak month. While the cargo operation continued its upward trajectory.
The oneworld carrier reported that passenger traffic was “slightly below expectations” in the first half of December, but the carrier saw a “very strong” Christmas and New Year period and broke daily volume records.
Demand was high on leisure routes from Hong Kong to North Asia and Southeast Asia, and the Australia/New Zealand market was also strong. However, a fall-off in premium demand put pressure on yields.
