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            september 22, 2019

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Indiaexportnews.com

Cathay's cargo soars 6.5pc in October, passengers volume edges up 0.9pc

  22.11.2018    

Hong Kong'S Cathay Pacific and Cathay Dragon traffic carried 192,522 tonnes of cargo and mail last month, a year-on-year increase of 6.5 per cent, the company said.
The cargo and mail load factor rose by 1.1 percentage points to 70.4 per cent. Capacity, measured in available freight tonne kilometres (AFTKs), increased by 3.8 per cent while cargo and mail revenue freight tonne kilometres (RFTKs) increased by 5.4 per cent.
In the first ten months of 2018, tonnage rose 6.4 per cent against a 3.1 per cent increase in capacity and a 6.0 per cent increase in RFTKs.
"Overall cargo revenue performed very well during the month, with revenue growth well ahead of capacity growth. Demand was strong across the network, especially for new consumer products. A number of stations across Southeast Asia, Northeast Asia and the Indian sub-continent established new cargo revenue records," said Cathay Pacific director Commercial and Cargo, Ronald Lam.
"We expect this momentum to carry over into November, although we continue to closely monitor external factors that are having an impact on global trade flows," said Mr Lam.
"Overall passenger revenue growth was marginally ahead of capacity growth in October. Passenger volumes were robust, particularly in our First and Business cabins where we saw strong load factors. However, yield in Economy Class continued to come under pressure due to unfavourable currency trends and an increased mix of lower fares," he said.
Cathay lines carried a total of 2,950,532 passengers last month, an increase of 0.9 per cent compared to October 2017.
The passenger load factor increased by 0.3 percentage points to 81.6 per cent, while capacity, measured in available seat kilometres (ASKs), increased by 3.8 per cent. In the first ten months of 2018, the number of passenger carried grew by 1.9 per per cent while capacity increased by 3.1 per cent.



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