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            january 29, 2020

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Cathay posts 7.1pc rise in September cargo volume


Hong Kong's Cathay Pacific Airways and Dragonair posted a 7.1 per cent year-on-year increase in cargo volume in September to 162,116 tonnes, according to Shipping Gazette.
"Yield is down, but we plan to maximise our freighter schedule over the last quarter as demand strengthens in the peak season," said Cathay cargo chief Mark Sutch.
The cargo and mail load factor increased 2.6 percentage points to 65 per cent while capacity, in available cargo/mail tonne kilometres, rose 2.2 per cent.
Cargo and mail revenue tonne kilometres (RTKs) increased 6.3 per cent, said the airline group.
In the first nine months of 2016, the tonnage carried increased 1.9 per cent against a 0.5 per cent rise in capacity and flat RTKs.
Traffic figures for September show an increase in both the number of passengers carried and the amount of cargo and mail moved year on year.
Cathay Pacific and Dragonair carried a total of 2,672,694 passengers last month - an increase of 1.5 per cent compared to September 2015.
The passenger load factor dropped 0.6 percentage point to 83.3 per cent, while capacity, measured in available seat kilometres (ASKs), increased by 2.6 per cent.
In the first nine months of 2016, the number of passengers carried rose by 1.8 per cent year on year compared to a 3.3 per cent increase in capacity.
Said Cathay revenue chief Patricia Hwang: "While we saw a slight increase in passenger traffic during September, it lagged behind capacity growth. The latest addition to our network, Gatwick, is off to a good start as a result of back-to-school student demand.
Said cargo chief Mr Sutch: "Overall cargo demand in September was fairly strong and tonnage continued to grow. Exports from Europe, Asia and mainland China all saw good growth, while demand for freight on our North America routes was robust.
"The last week of the month, prior to the long national holiday in mainland China, saw us break the company's weekly uplift tonnage record," said Mr Sutch.

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