{"id":233706,"date":"2024-03-19T06:15:00","date_gmt":"2024-03-18T23:15:00","guid":{"rendered":"https:\/\/www.ttrweekly.com\/site\/?p=233706"},"modified":"2024-03-18T21:10:41","modified_gmt":"2024-03-18T14:10:41","slug":"cx-full-recovery-beckons-in-2025","status":"publish","type":"post","link":"https:\/\/www.ttrweekly.com\/site\/2024\/03\/cx-full-recovery-beckons-in-2025\/","title":{"rendered":"CX: Full recovery beckons in 2025"},"content":{"rendered":"\n

HONG KONG, 19 March 2024: In its annual results 2023, Cathay Pacific confirmed its first profit since COVID-19 last week and confirmed its travel business, comprising Cathay Pacific and HK Express, will reach 80% of pre-pandemic passenger flights within Q2 2024.<\/p>\n\n\n\n

\u201cWe are committed to continuing our rebuild journey in 2024, said airline group CEO Ronald Lam in his statement regarding future outlook. \u201cWe are now working towards reaching 100% within the first quarter of 2025\u2026 (but) acknowledge this would be up to three months later than our previous projections.\u201d <\/p>\n\n\n

\n
\"\"
Photo credit: Cathay Pacific. Ronald Lam Cathay Pacific Group CEO.<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n

He pointed to the strategic investment in products, services and people that will continue in 2024 with the introduction of new cabin products in each of the coming three years. <\/p>\n\n\n\n

\u201cIn 2024, we are launching an all-new business class experience\u00a0\u2014 Aria Suite and a premium economy product as part of redesigning our long-haul Boeing 777-300ER cabins.\u00a0<\/p>\n\n\n\n

\u201cIn 2025, this will be followed by a new world-leading first-class experience onboard our Boeing 777-9 aircraft. And in 2026, a new regional product on the Airbus A330 fleet will be introduced featuring flat beds in business class.\u201d <\/p>\n\n\n\n

Regarding the cargo business, Lam anticipates continued strong demand from e-commerce in the airline’s home market of Hong Kong and the wider Greater Bay Area. However, he cautioned that trade flow directional imbalances would persist, impacting overall load factors. <\/p>\n\n\n\n

\u201cMoreover, as the air cargo industry continues to normalise, yields will decrease in 2024 but are expected to remain above 2019 levels.”<\/p>\n\n\n\n

In 2024, the airline will expand its workforce by around 20% or 5,000 people compared with 2023. <\/p>\n","protected":false},"excerpt":{"rendered":"

HONG KONG, 19 March 2024: In its annual results 2023, Cathay Pacific confirmed its first profit since COVID-19 last week and confirmed its travel business, comprising Cathay Pacific and HK Express, will reach 80% of pre-pandemic passenger flights within Q2 2024. \u201cWe are committed to continuing our rebuild journey in 2024, said airline group CEO […]<\/p>\n","protected":false},"author":22,"featured_media":233707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[469,26],"tags":[],"class_list":{"0":"post-233706","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"category-hong-kong"},"yoast_head":"\nCX: Full recovery beckons in 2025 - TTR Weekly<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ttrweekly.com\/site\/2024\/03\/cx-full-recovery-beckons-in-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CX: Full recovery beckons in 2025 - 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