Cathay says Sri Lanka traffic strong

CathayCathay Pacific Airways (0293) said today that performance of India routes was “satisfactory’’ last year, while passenger traffic to Colombo in Sri Lanka “grew strongly.’’

In October last year, the carrier launched daily direct flights to Colombo from four flights a week.
Dragonair increased services to Kolkata from five to six flights a week in May 2015.

Low fuel prices adversely affected the economy and the travel demand in the Middle East. Competition has increased, as Middle Eastern carriers operate more direct services to China, Southeast Asia and North America.

Cathay stopped flying to Doha in February this year.

Travel demand from Southeast Asian countries were adversely affected by depreciation of local currencies in the region in 2015, the carrier reported.

China routes benefited from increased demand for international leisure travel from China. Europe, Japan, Southeast Asia and the Southwest Pacific were popular destinations.

Passenger numbers grew faster than the capacity increases in North America, the airline said. Premium class demand was less than expected on the New York and Los Angeles routes.

The performance of European routes was strong. A weak euro stimulated demand for travel to Europe from Hong Kong, China and Taiwan. (Courtesy The Standard)

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