Cathay Pacific saw rise in cargo and passenger volumes in February
March 20, 2018: Cathay Pacific and Cathay Dragon witnessed an increase in the number of passengers carried, cargo and mail uplifted in February, compared to the same month in 2017.
Cathay Pacific and Cathay Dragon carried 145,800 tonnes of cargo, and mail during February, up by 5.9 percent compared to the same month last year.
The cargo and mail load factor rose by 1.5 percentage points to 65.7 percent. Capacity, measured in available cargo/mail tonne kilometres, was up by 5.8 percent, while cargo and mail revenue tonne kilometres (RTKs), increased by 8.3 percent. During the first two months of 2018, the cargo tonnage rose by 10.3 percent, against 5.1 percent increase in capacity, and 9.5 percent increase in RTKs.
On the other hand, the two airline carried about 2,804,793 passengers in February, up by 4.6 percent compared to February 2017. The passenger load factor was up 0.7 percentage points to 84.1 percent, while capacity, measured in available seat kilometres (ASKs) jumped by 4.9 percent.
During the first two months of 2018, the number of passenger grew by 1.2 percent, while capacity increased by 3.7 percent.
Ronald Lam, director commercial and cargo, Cathay Pacific said: “Whilst competition remains fierce, we have been tracking our expected revenue performance in 2018, on both the passenger and cargo sides. Due to the time shift in the Chinese New Year holiday, it will be more meaningful to compare our combined January and February performance between 2018 and 2017.”
“Compared to 2017, passenger volume growth fell slightly behind the capacity growth in the first two months of 2018. However, gross passenger yield saw a positive growth in the same period, partly driven by favourable exchange rates. Demand during and after the Chinese New Year holiday was quite strong, especially on short-haul flights,” said Lam.
“Our cargo performance continued to be strong, as both tonnage and yield achieved positive growth over last year. The positive growth in gross cargo yield was also partly contributed by favourable exchange rates,” said Lam.