Cathay Pacific Reduces Flights Amid Rising Jet Fuel Costs Due to Middle East Conflict
Cathay Pacific Airways has announced a reduction in its flight schedule from mid-May to the end of June, citing increased jet fuel prices as a result of the ongoing conflict in the Middle East. The airline plans to cancel approximately 2% of its scheduled passenger flights during this period, while its budget subsidiary, HK Express, will cut about 6% of its flights starting May 11. Additionally, Cathay Pacific will continue to suspend passenger services to Dubai and Riyadh until June 30. Despite these cuts, the airline's CEO, Ronald Lam, has indicated plans to expand passenger capacity by 10% this year, driven by strong demand for long-haul flights to North America, Europe, and Australia. The recent ceasefire between the U.S. and Iran is not expected to immediately alleviate the high costs and tight supply of jet fuel. 
