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Cathay Pacific's traffic slumps

CATHAY Pacific Airways Ltd, Asia's third-largest carrier, yesterday said its passenger and cargo traffic declined sharply last month amid low demand for travel and the impact of the swine flu.

The number of passengers traveling with Hong Kong's flagship airline and its subsidiary, Dragonair, dropped 7.5 percent to about 1.95 million from the same month last year, Cathay Pacific said in a statement.

Although May is traditionally one of the weaker months for business, the situation is worsened this year by a combination of factors, said Tom Owen, general manager of revenue management.

"The global economic downturn continued to impact on our business, with lower numbers in the economy cabins, while the big slump in premium traffic continued unabated," Owen said.

He added the swine flu also kept people from traveling.

The two airliners' cargo and mail shipments also saw a significant drop of 13.3 percent year on year, Cathay said.


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