17-Apr-2012 10:52 AM
Cathay Pacific pax up 11%, cargo down 11% for Mar-2012, yield decline accelerating
Cathay Pacific passenger numbers up 11% - traffic highlights for Mar-2012:
- Mar-2012:
- Passenger numbers: 2.4 million, +10.6% year-on-year;
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- Passenger traffic (RPKs): +11.7%;
- China: +12.3%;
- Northeast Asia: +15.7%;
- Southeast Asia: +9.6%;
- India, Middle East, Pakistan and Sri Lanka: +7.1%;
- Europe: +3.4%;
- Southwest Pacific and South Africa: +12.1%;
- North America: +18.0%;
- Passenger load factor: 79.4%, +2.5ppts;
- Cargo volume: 144,140 tonnes, -10.7%;
- Cargo load factor: 68.3%, -2.7ppts;
- Number of flights: 5643, +6.2%;
- Passenger traffic (RPKs): +11.7%;
- Three months ended 31-Mar-2012:
- Passenger numbers: 7.0 million, +9.0%;
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- Passenger traffic (RPKs): +8.8%;
- China: +15.4%;
- Northeast Asia: +6.2%;
- Southeast Asia: +9.8%;
- India, Middle East, Pakistan & Sri Lanka: +4.9%;
- Southwest Pacific & South Africa: +6.2%;
- North America: +16.7%;
- Europe: +0.4%;
- Passenger load factor: 78.8%, +0.2 ppt;
- Cargo volume: 378,270 tonnes, -10.5%;
- Cargo load factor: 64.8%, -4.2 ppts.
- Passenger traffic (RPKs): +8.8%;
Cathay Pacific: "The big issue at the moment is the accelerating yield decline in both the Economy and premium cabins, resulting from a combination of the continuing economic uncertainty and competitive pressure," James Tong, General Manager Revenue Management. Source: Cathay Pacific, 16-Apr-2012.
Cathay Pacific: "The general market for airfreight remains soft, particularly into Europe. There is poor visibility looking forward and little sign of any sustained pick-up in demand. We expect business to be weaker in April and we will continue to reduce capacity as necessary," James Woodrow, General Manager Cargo Sales & Marketing. Source: Cathay Pacific, 16-Apr-2012.