Jet fuel prices – Charm

Short-haul tourist arrivals fall 15% amid strong Hong Kong dollar, fewer flights

2 months ago02 mins

Hong Kong’s short-haul visitor arrivals plunged by 15 per cent in June despite an overall growth in traffic, as higher fuel costs linked to the Middle East conflict reduced flight capacity and weaker regional currencies dampened travel demand, tourism authorities have said. The Hong Kong Tourism Board said on Thursday that the city received 3.72…

Cathay’s European services could offset Middle East losses, experts say

6 months ago02 mins

Hong Kong flag carrier Cathay Pacific Airways’ extended suspension of its Middle Eastern flights is likely to have a limited financial impact on its passenger operations as its expanded European services should help offset losses, aviation experts have said. But they warned of broader effects on its cargo business, given the loss of the Middle…