September passenger numbers fall 7.1%
September passenger numbers fall 7.1%
Expects second-half revenue to be decrease than first half
Inbound demand shortfall to persist for remainder of 2019 – govt
Provides remark from govt, analyst consensus estimate
SINGAPORE, Oct 18 (Reuters) – Hong Kong’s Cathay Pacific Airways Ltd 0293.HK on Friday lowered its expectations for full-year revenue resulting from “extremely difficult” circumstances in its house market racked by anti-government protests that it anticipated to persist for the remainder of 2019.
The airline reported a 7.1% drop in passenger numbers for the month of September as travellers averted Hong Kong resulting from widespread and generally violent protests, and stated its second-half monetary outcomes had been prone to be under the primary half.
Cathay in August reported a HK$1.347 billion ($171.75 million) first-half revenue. At the moment, it stated second-half revenue was prone to be larger…