HK visitors to japan fell 37% in july (100K less people means around 3330 less a day), so that UO load factor is hoenstly higher than i thought. i guess everyone went to other places like SE asia , or further places instead, which is maybe why CX load factor is still doing amazing. also this might be the first time CX group has surpassed 2018 levels.

it is also worth mentioning that other carriers (including HX and HB) carried less passengers than 2024 to HKG, so CX and UO are claiming even more market share.