News Content
Cathay Pacific posts 12pc cargo tonnage growth in August
HONG Kong's flagship carrier Cathay Pacific and its subsidiary airline Cathay Dragon carried a total of 172,253 tonnes of cargo and mail in August, an increase of 12 per cent compared to the same month last year.
As airfreight demand growth remains strong, the uptick in air cargo is in line with similar increases reported by other carriers in Asia and in the Americas.
The cargo and mail load factor of the two carriers rose by 2.2 percentage points to 65.5 percent. Capacity, measured in available cargo/mail tonne kilometres, was up by 7.5 per cent while cargo and mail revenue tonne kilometres (RTKs) increased by 11.3 per cent. In the first eight months of 2017, the tonnage rose by 11.9 per cent against a 3.3 per cent increase in capacity and a 9.5 per cent increase in RTKs, the airline said in a statement.
Cathay Pacific Director Commercial and Cargo Ronald Lam said: "Our cargo business, meanwhile, continued its good momentum. Demand out of our key markets remained strong; tonnage growth was well ahead of capacity growth, with both inbound and outbound sectors sustaining high levels. Overall, our cargo yield sustained an improving trend. Looking ahead, we plan to operate our maximum freighter schedule in order to match the forecast surge in demand from various new product launches."
On the passenger front, the two airlines carried a total of 3.08 million last month - an increase of 3.5 per cent compared to August 2016. The passenger load factor dropped 0.5 percentage points to 86.3 per cent, while capacity, measured in available seat kilometres (ASKs), increased by 4.8 per cent.
In the first eight months of 2017, the number of passenger carried increased by 0.3 per cent to 23.4 million, while capacity rose by 2.0 per cent.
"We recorded modest revenue growth in August, despite our operations being disrupted by numerous typhoons in the region, including at our home hub in Hong Kong. The additional capacity we deployed on our European routes enabled strong volume growth during the summer peak, while premium class demand across the network in general remained robust.
"Headwinds in the form of yield decline persisted in several of our key markets, while geopolitical instability in Northeast Asia necessitated careful capacity management on our Korean routes," Mr Lam said.
As airfreight demand growth remains strong, the uptick in air cargo is in line with similar increases reported by other carriers in Asia and in the Americas.
The cargo and mail load factor of the two carriers rose by 2.2 percentage points to 65.5 percent. Capacity, measured in available cargo/mail tonne kilometres, was up by 7.5 per cent while cargo and mail revenue tonne kilometres (RTKs) increased by 11.3 per cent. In the first eight months of 2017, the tonnage rose by 11.9 per cent against a 3.3 per cent increase in capacity and a 9.5 per cent increase in RTKs, the airline said in a statement.
Cathay Pacific Director Commercial and Cargo Ronald Lam said: "Our cargo business, meanwhile, continued its good momentum. Demand out of our key markets remained strong; tonnage growth was well ahead of capacity growth, with both inbound and outbound sectors sustaining high levels. Overall, our cargo yield sustained an improving trend. Looking ahead, we plan to operate our maximum freighter schedule in order to match the forecast surge in demand from various new product launches."
On the passenger front, the two airlines carried a total of 3.08 million last month - an increase of 3.5 per cent compared to August 2016. The passenger load factor dropped 0.5 percentage points to 86.3 per cent, while capacity, measured in available seat kilometres (ASKs), increased by 4.8 per cent.
In the first eight months of 2017, the number of passenger carried increased by 0.3 per cent to 23.4 million, while capacity rose by 2.0 per cent.
"We recorded modest revenue growth in August, despite our operations being disrupted by numerous typhoons in the region, including at our home hub in Hong Kong. The additional capacity we deployed on our European routes enabled strong volume growth during the summer peak, while premium class demand across the network in general remained robust.
"Headwinds in the form of yield decline persisted in several of our key markets, while geopolitical instability in Northeast Asia necessitated careful capacity management on our Korean routes," Mr Lam said.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
