Cathay Pacific expects pressure on pax yield to continue

Cathay Pacific director commercial and cargo Ronald Lam stated (18-Jul-2019) the carrier expects pressure on yield to continue in the "coming months". He said "intense" market competition continues to exert pressure on yield, adding that long haul regions such as North America and Europe performed behind expectations, particularly in yield. Passenger demand, however, remained robust for both business and leisure travel, with first and business class load factor reaching their highest levels in over a decade. [more - original PR]