Wider Image: From disease to bushfires, Australia's iconic koalas face bleak future

  • 10/19/2020
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Oct 19 (Reuters) - Cathay Pacific Airways Ltd: * CATHAY PACIFIC & CATHAY DRAGON SEPT PASSENGER LOAD FACTOR DROPPED BY 48.8 PERCENTAGE POINTS TO 24.9% * IN SEPT CATHAY PACIFIC AND CATHAY DRAGON CARRIED A TOTAL OF 47,061 PASSENGERS, DECREASE OF 98.1% * IN SEPT, CATHAY PACIFIC AND CATHAY DRAGON CARRIED 109,453 TONNES OF CARGO AND MAIL, DOWN 36.6% * DEMAND FROM CHINESE MAINLAND GRADUALLY INCREASED SINCE LIFTING OF BAN IN HK OF EX-CHINESE MAINLAND TRANSIT TRAVEL IN MID-AUGUST * EXPECT WE WILL BE OPERATING ABOUT 10% OF OUR PRE-PANDEMIC PASSENGER FLIGHT CAPACITY FOR REST OF 2020 & UNDER 50% FOR OVERALL 2021 * ASSUME CO WILL OPERATE WELL BELOW A QUARTER OF PRE-PANDEMIC CAPACITY IN H1 NEXT YEAR * SEPT CARGO AND MAIL LOAD FACTOR INCREASED BY 9.8 PERCENTAGE POINTS TO 75.3% FOR CATHAY PACIFIC AND CATHAY DRAGON * SEES RECOVERY IN H2 NEXT YEAR IF COVID-19 VACCINES ARE EFFECTIVE & WIDELY ADOPTED IN KEY MARKETS BY SUMMER 2021 * SEPT REVENUE FREIGHT TONNE KILOMETRES (RFTKS) FELL 30.4% YEAR-ON-YEAR FOR CATHAY PACIFIC AND CATHAY DRAGON Source text for Eikon: Further company coverage:

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