Cathay Pacific sticks to growth plan as fuel prices rise
Cathay Pacific maintains its 10% growth plan despite high fuel costs. CEO Ronald Lam says capacity cuts are a last resort if passenger demand begins to decline.
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CATHAY PACIFIC AIRWAYS is maintaining its plan to expand passenger capacity by 10% this year, despite rising jet fuel costs driven by ongoing tensions in the Middle East. The Hong Kong-based airline has observed increased demand for long-haul routes to the United States, Europe, and Australia as the conflict between Israel and Iran has significantly altered regional traffic patterns.
