Cargo volume continues to increase for Cathay Pacific in April this year

Cargo volume continues to increase for Cathay Pacific in April this year

Posted By : STAT Times 16-05-2017 00:00:00

May 16, 2017: Cathay Pacific Airways has released combined Cathay Pacific and Cathay Dragon traffic figures for April 2017 that show an increase in both the number of passengers carried and the volume of cargo and mail uplifted compared to the same month in 2016.

The two airlines carried 163,473 tonnes of cargo and mail last month, an increase of 10.7 percent compared to the same month last year. The cargo and mail load factor rose by 2.2 percentage points to 65.7 percent. Capacity, measured in available cargo/mail tonne kilometres, was up by 2.6 percent while cargo and mail revenue tonne kilometres (RTKs) increased by 6.2 percent. In the first four months of 2017, the tonnage rose by 11.2 percent against a 1.9 percent increase in capacity and an 8.6 percent increase in RTKs.

Cathay Pacific and Cathay Dragon carried a total of 3,003,972 passengers last month – an increase of 3.2 percent compared to April 2016. The passenger load factor grew by 1.5 percentage points to 86.4 percent, while capacity, measured in available seat kilometres (ASKs), increased by 4.8 percent. In the first four months of 2017, the number of passenger carried declined by 0.1 percent while capacity rose by 0.9 percent.

Patricia Hwang, general manager Revenue Management, Cathay Pacific, said, “Passenger numbers in April were boosted by strong Easter holiday traffic out of Hong Kong. Volumes rose ahead of the increase in capacity, which is highlighted by a rise in the load factor. Overall, demand for regional travel remained strong throughout the month. Our Tel Aviv route, which we launched in March, has got off to a good start and has been very well received by our customers. However, yield continues to be affected by intense competition in the market.”

Mark Sutch, general manager Cargo Sales & Marketing, Cathay Pacific, said, “Our cargo business continued to show encouraging year-on-year tonnage growth. Demand from Hong Kong and key Asian markets to North America, Europe and India remained buoyant. Intra-Asia movement was boosted by strong e-commerce traffic as well as capacity reduction in the market. Yield has continued its upward trend. We recently announced an agreement with Atlas Air Worldwide to wet-lease two Boeing 747-8 Freighters, which will supplement capacity on our existing network. This will enable us to provide our customers with increased options and services from June, when most market indicators are suggesting a solid year for air cargo.”

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