Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Cathay Pacific to cut more flights due to pandemic restrictions

Stock Markets Jan 06, 2022 12:58PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. FILE PHOTO: Cathay Pacific planes are parked on the tarmac at Hong Kong International Airport, Hong Kong, China October 24 2020. REUTERS/Tyrone Siu 2/2

HONG KONG (Reuters) - Hong Kong's flagship carrier Cathay Pacific Airways (OTC:CPCAY) said on Thursday it will cut more passenger flights and operate a reduced cargo capacity after the city tightened restrictions fearing a fifth wave of the COVID-19 pandemic.

The airline will operate about 20% of its pre-pandemic cargo capacity and around 2% of its pre-pandemic passenger flight capacity in January, it said in an emailed statement.

Hong Kong on Tuesday announced a two-week ban on incoming flights from eight countries, including the United States and Britain.

Cathay Pacific's website showed on Thursday zero scheduled dedicated freighter plane flights from Hong Kong to Europe and Southwest Pacific between January and March.

"This overall reduction in capacity will severely impact contracted cargo," the airline said.

The airline on Dec. 30 announced flight cancellation to and from Hong Kong. It did not say how many flights then, but that the cancellations would begin immediately and the airline planned to operate a skeleton passenger flight schedule in January.

Last week, Hong Kong health authorities said the city would tighten quarantine rules for air cargo crew. The new measures require that returning air cargo crew spend three days in hotel quarantine before a period of home isolation.

Cathay Pacific to cut more flights due to pandemic restrictions
 

Related Articles

Israel stocks higher at close of trade; TA 35 up 1.35%
Israel stocks higher at close of trade; TA 35 up 1.35% By Investing.com - Jul 03, 2022 1

Investing.com – Israel stocks were higher after the close on Sunday, as gains in the Real Estate, Communication and Technology sectors led shares higher. At the close in Tel Aviv,...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email