Cathay Pacific Maintains Capacity Despite Rising Fuel Costs
CEO Ronald Lam says the airline is prioritizing flight capacity even as Middle East tensions drive up fuel prices. Demand for long-haul routes remains strong.
CATHAY PACIFIC AIRWAYS Chief Executive Officer Ronald Lam announced on Monday that the airline's immediate priority is to maintain its flight capacity, despite the financial pressure of rising jet fuel costs. Lam stated that reducing flight schedules would be a last resort for the Hong Kong-based carrier, even as geopolitical tensions in the Middle East impact global energy prices.
The airline has observed a shift in travel patterns following the onset of the conflict between Israel and Iran last month. As traffic through the Middle East has significantly decreased, Cathay Pacific has seen a corresponding increase in demand for its long-haul services to the United States, Europe, and Australia.
