Cathay Pacific revenue continues to fall as parking aircraft now seen as best remaining option.

Cathay Pacific Airways has warned that it may have to park aircraft because of weakening demand and rising fuel costs. Hong Kong-based Cathay has confirmed that revenue has been falling short of target and most importantly, failing to keep pace with capacity growth. Cathay confirmed that business conditions have worsened over the last month with passenger yields continuing to fall in economy class products, while at the same time it has also seen signs of weakness in first and business-class cabins, which together make-up the key driver for the airline. All the while the cargo business remains flat. “Fuel prices