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Cathay Pacific demand stalls as capacity surges

18-Sep-2008

Cathay Pacific carried just 0.5% more passengers in Aug-08, despite growing capacity (ASKs) by 14% year-on-year. General Manager Revenue Management, Tom Owen, stated the Beijing Olympics and the impact of the two typhoons that hit Hong Kong had a "negative impact on passenger numbers for the month”. [767 words]

Unlock the following content in this report:

Subheadings:

  • Premium demand shows signs of softening
  • Cargo also slumps in Aug-08
  • Investing for long-term - construction starts on freight terminal
  • Cargo and training contracts signed

Graphs and data:

  • Cathay Pacific's passenger capacity growth by region (% change year-on-year): Sep-07 to Aug-08
  • Cathay Pacific's passenger load factor growth (declines) by region (ppts change year-on-year): Aug-08
  • Cathay Pacific's passenger load factor by region (%): Sep-07 to Aug-08
  • Cathay Pacific's passenger numbers growth vs cargo volume growth (% change year-on-year: Sep-07 to Aug-08
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