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            september 18, 2019

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Cathay, Dragonair September cargo volumes up 24pc


Cathay Pacific Airways, together with Dragonair, in September carried 134,584 tonnes of cargo and mail, an increase of 2.4 per cent compared to the same month a year earlier - the first positive result of 2012, according to the Shipping Gazette.
But the cargo and mail load factor was down by two percentage points to 62.8 per cent. Capacity, measured in available cargo/mail tonne kilometres, decreased by 0.3 per cent, while cargo and mail tonne kilometres flown dropped 3.3 per cent.
From January to September, tonnage has declined by 8.3 per cent against a capacity drop of 4.9 per cent.
The two airlines carried a total of 2,245,995 passengers in September, a drop of 0.4 per cent compared to the same month in 2011. The passenger load factor fell by 1.5 percentage points to 78.2 per cent, while capacity for the month, measured in available seat kilometres (ASK), declined 2.1 per cent.
For the year to date, passenger numbers have risen 5.9 per cent compared to a capacity increase of 4.9 per cent, a company statement said.
Said Cathay Pacific sales chief James Woodrow: "Demand out of key markets began to pick up from mid-September onwards, helped by shipments of hi-tech consumer products out of mainland China and other manufacturing centres such as Vietnam. There was also a short pre-holiday rush in the build-up to the National Day Golden Week in the mainland.
"We will operate more scheduled services to Europe and the Americas from mid-October onwards but will still fall short of the number of freighters operated in the same period in 2010. The market from Asia to Europe in particular remains weak and ultra price-competitive as supply continues to exceed demand despite the capacity cuts," Mr Woodrow said.
Of passengers, Cathay Revenue chief James Tong said: "In September we trimmed frequencies on a number of long-haul services as one of the cost-containment measures we announced in May to help manage our way through a high-fuel-price environment. Our passenger capacity will show negative growth for the remainder of 2012 and into next year."

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