Cathay Pacific pushes back the delivery of four Airbus jets

Hong Kong - Cathay Pacific announced that it would delay the delivery of one A320 neo and three A321neo jets due to lack of demand.

One A320 neo was being expected to join Cathay's low-cost subsidiary HK Express next year, while three A321neos was already planned for the airline's regional branch Cathay Dragon.

In addition to the delay of four Airbus jets, the Chinese carrier said that it would retire one Boeing 777-300ER and one Airbus A320 earlier than previously planned.

The airline's short-term outlook remains challenging and uncertain as the protests against the local government in the city go violent.

Cathay has also said it was planning to decrease its seating capacity in the short term up to 6 or 7% by reducing flight frequencies.

Cathay Pacific cut its revenue forecast for the second time in less than a month.

Last week, Cathay announced that it would assign half of its order for 32 A321neo jets to HK Express as the company aims to grow its market share in the growing low-cost market.

Also read: Cathay Pacific transfers 16 Airbus A321neo to its low-cost subsidiary HK Express

The operator did not mention any delivery delay for those planes.

Cathay has recently taken over HK Express from the Chinese conglomerate HNA Group for HKD4.93 billion (USD629.7 million).

Anti-government protests paralyzed life in the city today (Nov. 14) again. Highways were blocked by the protestors. News agencies report escalating violence.