Hong Kong flight capacity set to rise 10% on China, South Korea demand
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Hong Kong's flight capacity is set to increase by 10% in Q2, driven by demand for routes to China and South Korea, which will see a rise of 17-30% year-on-year. Short-haul travel to Southeast Asia, particularly Vietnam and Malaysia, is also expanding. Long-haul routes to the US and Australia are expected to grow by 15-16%. Despite challenges like the Iran conflict and high jet fuel costs, Cathay Pacific's passenger numbers rose 25% in March. However, regional weaknesses persist in Japan, Thailand, and Singapore, with global capacity reduced by 3% for May.
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