This year has been hard for Hong Kong’s home airline Cathay Pacific. Not only has the global crisis affected the carrier, but protests impacted operations for many months before. What is the airline fleet like near the end of 2020? Let’s explore.
Why was this year hard for Cathay Pacific?
Make no mistake, every airline in the world is going through a tough time (although arguably cargo carriers are seeing a boom in business). However, for Cathay Pacific, this moment is tougher than most.
For a significant amount of time from 2015 to 2017, the airline operated at a loss. It did see a turnaround profit at the start of 2019 after a major revamp, but then it was hit by the political problems in Hong Kong. This reduced the amount of tourism and through traffic, affecting its bottom line.
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This year, the crisis hit almost right after the protests, and the airline slashed 94% of all flights after it flew only 582 passengers in a single day in April. The airline has since found itself with too many planes, too many subsidiary carriers, and too much capacity. What happened to its fleet?