Skift
• Gordon Smith
Cathay Pacific holds full capacity as Middle East-linked jet-fuel shock squeezes airline earnings and prompts fare/capacity chan
Cathay Pacific CEO Ronald Lam says the airline is maintaining full capacity through a summer demand surge despite a fuel-price shock tied to Middle East conflict. In parallel, industry coverage points to rising costs forcing airlines worldwide to raise fares, cut flights and revise growth plans as profit expectations deteriorate.
