Cathay Pacific sees 4.9 percent y/y decline in cargo volume in December
Jan 17, 2019: Cathay Pacific and Cathay Dragon have seen 4.9 percent decline in cargo volume in December 2018. The two airlines have transported 182,863 tonnes of cargo and mail, according to traffic figures released by Cathay Pacific Group.
Capacity, measured in available freight tonne kilometres (AFTKs), remained unchanged while cargo and mail revenue freight tonne kilometres (RFTKs) decreased by 5.9 percent.
For 2018 as a whole, the tonnage rose by 4.7 percent against a 2.6 percent increase in capacity and a 4.2 percent increase in RFTKs.
Coming to passenger numbers, the airline group informs that they have carried a total of 3,105,829 passengers last month, an increase of 1.8 percent compared to December 2017.
For 2018 as a whole, the number of passengers carried grew by 1.9 percent while capacity increased by 3.5 percent.
Ronald Lam, director Commercial and Cargo, Cathay Pacific said: "Turning to cargo, we finished the year-end peak with strong movements of cargo in the weeks leading up to Christmas and demand slowed down towards the end of the month. Uncertainty remains in the coming months regarding the trade situation between China and the United States."