After 23 years, Cathay Pacific will end its Vancouver-New York service next spring, citing declining revenues and recent financials struggles endured by the airline.
The route, originally launched in 1996, will cease operating in April 2020; a specific date is yet to be announced. The flight began as a pick-up point between Hong Kong and New York prior to the establishment of a direct flight between those destinations; while a direct Hong Kong-New York service began in 2004, Cathay maintained the YVR-JFK route due to the demand for service between the two cities.
Despite passenger demand however, Cathay is reported to have said that the route has been losing money for years.
Cancellation of the route is one of several changes to be made by Cathay in the near future following a challenging year for the airline. Capacity on several flights will be reduced this winter after the airline posted a year-over-year 11.3 per cent drop in August passenger numbers, with inbound traffic to Hong Kong down 38 per cent in the wake of ongoing pro-democracy protests in the region.
The current political situation also resulted in the August resignation of Cathay Pacific CEO Rupert Hogg, who stepped down in a move to preserve business ties between the airline and mainland China, amid increasing pressure from Beijing to crack down on airline employees who took part in the demonstrations.
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