Cathay Pacific warns that Hong Kong protests could harm August revenues

Cathay Pacific Group has warned that the recent protests in Hong Kong which saw many flights cancelled could harm its revenues in August. Cathay Pacific chief customer and commercial officer Ronald Lam said: “Recent events in Hong Kong over the past two months did not substantially impact our passenger business in July; however, we anticipate a much more significant impact to our revenue in August and onwards. “Traffic into Hong Kong, both business and leisure, has weakened substantially and we’ve also now seen ex-Hong Kong traffic starting to soften, especially on our short-haul network including mainland China, Taiwan, South Korea