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【Iran Crisis】Cathay Pacific cancels round-trip flights to Riyadh and Dubai until 3.14; Cathay stock price drops another 2.8%
Cathay Pacific (00293) announced that due to the latest developments in the Middle East situation, all flights operated by Cathay Pacific between Riyadh and Dubai from February 28 to March 14 (inclusive) are canceled.
On Tuesday (March 3), Cathay Pacific’s stock price dropped another 2.8%, closing at HKD 13.1, with a trading volume of HKD 220 million.
Cathay Pacific stated that affected passengers who have not received notification from the airline can check their latest booking status through the “Self-Service Booking Management” system.
The airline has launched special ticketing arrangements to offer customers flexible options. Passengers who have booked flights to and from Hong Kong, Riyadh, and Dubai before or on March 14 can rebook, change destinations, or request refunds without incurring related fees.
For tickets purchased through travel agencies or third-party websites, passengers need to contact them directly to reschedule or request refunds. If tickets were booked via Cathay Pacific’s website, mobile app, or customer service, passengers can contact the customer service team. Refunds can be processed through the “Self-Service Booking Management” system.
Cathay Pacific will closely monitor the situation and may need to make further adjustments to flight schedules in the coming days.
Market Watch: The US-Iran conflict stirs financial markets. Is the global “risk-avoidance mode” accelerating? With two major meetings this week, is there opportunity amid the risks in Hong Kong stocks?