Cathay Pacific, Cathay Dragon reports uptick in cargo growth in April

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May 22, 2018: Cathay Pacific and Cathay Dragon traffic figures for April 2018 witnessed a slight drop in the number of passengers carried and an increase in cargo and mail uplifted compared to the same month in 2017.

Cathay Pacific and Cathay Dragon carried a total of 2,980,654 passengers last month – a drop of 0.8 percent compared to April 2017. The passenger load factor decreased 1.9 percentage points to 84.5 percent, while capacity, measured in available seat kilometers (ASKs), and increased by 0.9 percent. In the first four months of 2018, the number of passenger carried grew by 2 percent while capacity increased by 3.1 percent.

The two airlines carried 174,489 tonne of cargo and mail last month, an increase of 6.7 percent compared to the same month last year. The cargo and mail load factor rose by 2.3 percentage points to 68 percent. Capacity, measured in available cargo/mail tonne kilometers, was up by 4.2 percent while cargo and mail revenue tonne kilometers (RTKs) increased by 7.9 percent. In the first four months of 2018, the tonnage rose by 7.8 percent against a 4.7 percent increase in capacity and a 7.7 percent increase in RTKs.

Cathay Pacific director commercial and cargo Ronald Lam said, “The earlier start to the Easter holidays this year resulted in a reduction in backend demand during April when compared to last year. However, we enjoyed a high frontend load factor during the month and yield improvements helped offset the loss in traffic volume. Our routes to Europe, the United Kingdom and the United States performed well, as did those to mainland China and Taiwan.

“Meanwhile, the positive momentum in our cargo business continued into April. Tonnage grew ahead of capacity while yield strengthened. After a slight slow-down in our Hong Kong and mainland China markets early in the month, volumes started to pick up again during the month and network flow from the Americas, Europe, India, Japan and Southeast Asia continued to show strength.”

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