Scores of airlines wrote jointly to the Hong Kong government earlier this month ...
SINGAPORE - Scores of airlines wrote jointly to the Hong Kong government earlier this month to seek airport fee waivers as they struggle to deal with the financial fallout from anti-government protests that have led to a sharp drop in traveler demand.
“Already we have seen a double-digit drop in passengers in August compared to last year and we expect this to worsen in the remaining months of the year,” BAR Chairman Ronald Lam, a senior executive at Cathay Pacific Airways Ltd , said in the letter dated Sept. 16, which was first reported by the South China Morning Post on Monday.
Cathay, the biggest corporate casualty of the sometimes violent protests, this month said it would cut capacity for the upcoming winter season after reporting a 11.3% fall in passenger numbers in August due to falling demand.
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