April 2016 beats expectations for Cathay Pacific Cargo

April 2016 beats expectations for Cathay Pacific Cargo

Posted By : STAT Times 18-05-2016 00:00:00

May 17, 2016: Cathay Pacific Airways, leading Asian carrier sees marginal year-on-year decrease in the number of passengers carried, together with a small increase in the volume of cargo and mail uplifted for Cathay Pacific and Dragonair.

The two airlines carried 147,643 tonnes of cargo and mail in April, an increase of 2.1 percent compared to the same month last year. The cargo and mail load factor rose by 0.9 percentage points to 63.5 percent.

Capacity, measured in available cargo/mail tonne kilometres, fell by 0.8 percent while cargo and mail revenue tonne kilometres (RTKs) rose by 0.6 percent. In the first four months of 2016, the tonnage carried fell by 1.8 percent against a 1.7 percent increase in capacity and a 3.4 percent drop in RTKs.

Cathay Pacific and Dragonair carried a total of 2,909,534 passengers last month, an decrease of 0.1 percent compared to April 2015. The passenger load factor fell by 2.3 percentage points to 84.9 percent while capacity, measured in available seat kilometres (ASKs), grew by 2.4 percent. In the first four months of 2016, the number of passengers carried rose by 3.8 percent compared to a 5.5 percent increase in capacity.

Mark Sutch, general manager Cargo Sales & Marketing, Cathay Pacific, said, “We managed capacity astutely and were able to capture shipments out of key markets, including Mainland China and India, which led to a small improvement in load factor. India remains a focus for our cargo business at the moment and we operated a number of additional services to and from the country in April in response to strong demand. The big issue at the moment is yield, which remains under intense pressure due to the overall softness of the markets and the big increase in competitor capacity.”

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