July 19, 2016: Cathay Pacific Airways and Dragonair carried 151,130 tonnes of cargo and mail in June, an increase of 7.1 percent compared to the same month last year. The cargo and mail load factor rose by 1.6 percentage points to 64.3 percent. Capacity, measured in available cargo/mail tonne kilometres, rose by 2.1 percent while cargo and mail revenue tonne kilometres (RTKs) increased by 4.8 percent.
In the first six months of 2016, the tonnage carried fell by 0.3 percent against a 0.6 percent increase in capacity and a 2.3 percent drop in RTKs.
The two airlines carried a total of 2,870,943 passengers last month, an increase of 2.1 percent compared to June 2015. The passenger load factor fell by 1.7 percentage points to 85.5 percent while capacity, measured in available seat kilometres (ASKs), grew by 3.3 percent.
In the first six months of 2016, the number of passengers carried rose by 2.7 percent compared to a 4.2 percent increase in capacity.
Ivan Chu, airline’s chief executive, said, “Our performance over the first six months of 2016 has been below expectations. Passenger revenue has been adversely affected by the reduced load factor and intense pressure on yield. Cargo tonnage has stabilised but yield continues to decline. Foreign currency movements have also been adverse.”
Mark Sutch, general manager Cargo Sales & Marketing, Cathay Pacific, said, “Helped by the half-year end rush, the overall tonnage for June was healthy, thanks to growing feed from Asia. The Americas saw a surge in the export of seasonal produce into Asia, particularly from the West Coast.
“Our new Madrid service was well-received by the cargo community and we filled the west-bound leg with consumer goods and carried fresh produce on the return leg. However, overall yield remains challenging, as market supply continues to outstrip demand. We will continue to diversify and develop special products, some of which have shown encouraging results.”