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Cathay Pacific to gradually increase capacity after crew quarantine rules lifted By Reuters

by Reuters
September 10, 2022
in Stock Market
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© Reuters. FILE PHOTO: A passenger walks to the First Class counter of Cathay Pacific Airways at Hong Kong Airport in Hong Kong, China April 4, 2018. REUTERS/Bobby Yip

(Reuters) – Cathay Pacific Airways (OTC:) Ltd mentioned it might progressively enhance flying capability within the coming months after the Hong Kong authorities on Friday lifted guidelines requiring passenger crew to quarantine in a lodge for 3 days on return to town.

The onerous crew quarantine guidelines had made rostering tough and have been a serious obstacle to the airline returning to extra regular operations.

Cathay’s passenger capability was at simply 12.4% of pre-pandemic ranges within the month of July, though its cargo capability was at 51% partly as a result of cargo crews have been not required to quarantine.

Earlier than the passenger crew guidelines have been lifted, Cathay forecast it might attain 25% of pre-pandemic capability by the tip of the 12 months.

Cathay mentioned it might proceed so as to add again flights as shortly as possible, however it might take time to rebuild capability because it includes a considerable quantity of crew coaching and reactivating saved plane.

“This, mixed with different operational complexities, signifies that capability can solely be elevated progressively over a interval of a number of months,” the airline mentioned in a press release on Saturday that didn’t present up to date capability steering.

Cathay has mentioned it plans to rent an extra 4,000 workers to fill operational wants over the subsequent 18 to 24 months as journey rebounds, having lower greater than 6,000 jobs throughout the pandemic.

Pilot attrition has been larger than regular due to the onerous quarantine necessities, mixed with everlasting pay cuts of as a lot as 58%.

The Hong Kong authorities mentioned on Friday that crew members would nonetheless want to stay remoted of their lodge rooms when on layovers exterior town.



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Tags: capacityCathaycrewgraduallyincreaseLiftedPacificquarantineReutersrules
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