July 18, 2019 / 4:26 AM / 5 months ago

Cathay Pacific sees pressure on yields due to intense competition

July 18 (Reuters) - Hong Kong’s Cathay Pacific Airways Ltd said on Thursday it expects yields, a proxy for airfares, to be under pressure for the coming months due to intense competition.

Long-haul destinations such as North America and Europe have performed below expectations especially on the yield front, the airline said in a statement. (Reporting by Aditya Soni in Bengaluru; Editing by Muralikumar Anantharaman)

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