'Future Bright For Cathay, Despite Few Passengers'

"); jQuery("#212 h3").html("

Related News Programmes

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1550916_1_20200922085959.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1550916-20200922.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1550916-20200922.htm', 'DCS.dcsqry', '' ); } } }); }); });

2020-09-22 HKT 08:59

Share this story

facebook

  • A row of Cathay Pacific aircraft parked on the tarmac at Chek Lap Kok. Photo: Shutterstock

    A row of Cathay Pacific aircraft parked on the tarmac at Chek Lap Kok. Photo: Shutterstock

A logistics professor on Tuesday said Cathay Pacific has a good future ahead, despite having almost no air traffic and passengers.

Over the weekend, its flights from Kuala Lumpur were banned for two weeks because of a cluster of coronavirus cases onboard.

Achim Czerny from Polytechnic University's Department of Logistics and Maritime Studies said the airline is in an especially difficult situation because unlike carriers in the United States or Europe, most of Cathay's flights are international and not domestic, and therefore affected by travel bans because of the pandemic.

But he said one advantage Cathay has is its location. Czerny said: "The Asia-Pacific region... will remain a region of very strong growth, and there is the Greater Bay Area, one of the most dynamic regions in the world, so I would say for Hong Kong and Cathay Pacific, you know, despite all these changes, there is a good future ahead but again the most important (thing) at the moment is really just simply to survive".

Czerny added that another advantage Cathay has is that it has retired all of its large aircraft, which are very hard to fill.

RECENT NEWS

Ant Internationals Ant Bank And Bettr Selected For Hong Kongs GenAI Sandbox++

Digital bank Ant Bank and embedded financial solutions provider Bettr have been selected to participate in Hong Kong’... Read more

Visa And BOCHK Tapped For Hong Kong AI Sandbox To Test Agent-Initiated Commerce

Visa has announced that it is partnering with Bank of China (Hong Kong) (BOCHK) in the GenA.I. Sandbox++. With the Visa... Read more

Hong Kong Regulators Pick 36 Agentic AI Use Cases For GenA.I. Sandbox++

The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and... Read more

Finloop And Yunfeng Financial Become Latest Anchorpoint Authorised Distributors

Finloop and Yunfeng Financial have joined Anchorpoint’s HKDAP stablecoin beta access programme as authorised distribu... Read more

Standard Chartered Becomes First Bank To Distribute HKDAP Stablecoin

Standard Chartered Bank (Hong Kong) Limited (SCBHK) has become the first bank distributor of HKDAP, the Hong Kong dolla... Read more

Lianlian DigiTech Profit Doubles In H12026, Agent Wallet Pushes To Address Payment Needs

Lianlian DigiTech Co., Ltd, a payment service provider headquartered in China, reported its interim results for the fir... Read more