Cathay Pacific traffic continues to drop on Hong Kong chaos

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Cathay Pacific Boeing 777-300ER

Cathay Pacific Boeing 777-300ER

Rob Finlayson

Hong Kong-based Cathay Pacific Airways and subsidiary Cathay Dragon continue to see passenger numbers slide in October as anti-government protests go into its 23rd week, with demonstrations becoming increasingly violent.

Inbound passenger traffic fell 35% year-over-year (YOY), and outbound from Hong Kong dropped 13% YOY.

Despite reducing capacity 2%-4% between August and October, load factors for October fell 4 points to 77.6%, and cumulatively by 1.9 points to 82.3% since the start of the year.

The oneworld member is looking to slash capacity 6%-7% in November and December.

Passenger growth, measured in RPKs, decreased 2.7% YOY in October, most significantly from Mainland China by 21.9% YOY because o

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