Hong Kong bans UK arrivals in new blow to Cathay

posted on 29th June 2021 by Eddie Saunders
Hong Kong bans UK arrivals in new blow to Cathay

By Julian Satterthwaite,

Hong Kong is set to ban passenger flights from the UK amid new virus concerns.

The move will take effect from Thursday (July 1).

And if that means more empty check-in desks at the city’s airport, it will spell more pain for Cathay Pacific.

The Hong Kong carrier says it is reducing its cash burn.

It now expects to get through less than $129 million per month in the second half.

The airline had been burning through money at close to twice that rate.

It also hopes to return to 20% of its pre-crisis capacity by August, up from just 8% now.

Cathay has cut costs to reduce losses, and is benefiting from strong demand for cargo flights.

But the firm cautioned that recent months had seen no major change in demand, with passenger numbers down around 99%.

Like Asian rival Singapore Airlines it’s been hit by its lack of any domestic market.

Now a ban on arrivals from one of its top international destinations won’t lift spirits at the firm.