Cathay Pacific passenger numbers down 3.9%; load factor up 6.8%
Cathay Pacific passenger numbers down 3.9% - consolidated traffic highlights in Oct-2009:
- Passenger numbers: 2.0 million, -3.9% year-on-year;
- Passenger traffic (RPKs): -2.0%;
- Passenger load factor: 82.3%, +6.8 ppts;
- Cargo volume: 143,290 tonnes, -0.8%. [more]
Cathay Pacific: “The seasonal upturn in our passenger business that began in September continued through into last month. Though our overall passenger numbers saw a year-on-year drop in October, the fall was below the reduction in capacity over the same period – hence the sharp rise in the month’s load factor. The pick-up in premium traffic was helped by events such as the Canton Fair, but volumes and yields were still below October 2008, when the financial crisis had already begun to have an impact,” Tom Owen, General Manager - Revenue Management. Source: Company statement, 11-Nov-2009.
Cathay Pacific: “October was the best month of the year so far for our cargo business, with strong demand out of the key Hong Kong and Shanghai markets leading to high load factors, particularly to North America and Europe, and a welcome increase in yield. We expect demand to remain strong through to mid-December, though it is still too early to say whether we are seeing a sustained recovery,” Titus Diu, General Manager - Cargo Sales & Marketing. Source: Company statement, 11-Nov-2009.