Zhitong Finance AP learned that in an exclusive interview, Lin Shaobo, CEO of Cathay Pacific (00293) (Hong Kong's largest airline group), said that the overall capacity in the past 3 years has surpassed pre-pandemic levels, and it is hoped that the number of global destinations will increase to 150 in the next 10 years.

Lin Shaobo pointed out that high-speed rail cannot completely replace air services; the two have complementary effects and are not a “zero-sum game.” He also mentioned that there are currently more than 20 destinations between Hong Kong and the mainland, and he expects to continue working overtime and extra points in the future.

In response to allegations that the ticket price was too high, Lin Shaobo responded that the ticket price depends on factors such as the network, products, and services, and hopes to be worth the money. According to the data, the carrying rate was over 80%, reflecting that many passengers chose Cathay Pacific on purpose. He added that if you want to choose a better fare, you can consider Hong Kong Express, a subsidiary of the group.

In terms of future development, Lin Shaobo said that aircraft cabin and ground products will be upgraded, and short-haul airliners will be refurbished. Meanwhile, the Group plans to open its first Cathay Pacific lounge at New York Airport later this year, and set up a new lounge at Tokyo Narita Airport early next year.

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