Cathay Pacific Group has warned of possible impacts from the ongoing trade war between the US and China, and is expected to soften freight demand in the coming months.
The airline group that makes up mainline operator Cathay and the low-cost unit HK Express have described it as “uncertainty” surrounding trade tariffs from the US.
Cathay is the latest in more and more operators to flag the growing uncertainty surrounding the Trump administration's tariff policy.
“We are pleased to announce that we are pleased to announce that we are pleased to announce that we are pleased to announce that we are pleased to announce that we are pleased to announce that we are pleased to announce that we are pleased to announce that we are pleased to announce that we are pleased to announce that we are pleased to announce that we are pleased to announce that we are pleased to announce that we are pleased to announce that we are pleased to announce that we are offering a stake in the company. “We are taking proactive steps to put us in the best possible position in facing and mitigating these external forces, in order to align, agile and responsive approaches.”
Lau also said the group's freight “network strength” allows for “redirection with a focus on new opportunities.”
In the passenger business, Cathay and HK Express have grown their networks in April and May, with two airlines growing their networks, showing strong travel demand in the short term.
In March, Cathay carried over 2.2 million passengers. This was 19.8% higher than last year, but HK Express carried 616,000 passengers, up 25%. Lau notes that Cathay saw “softer demand” of passenger travel that month because he has no vacation.
