18-Jun-2013 10:47 AM

Cathay Pacific pax numbers down 1% in May-2013, cargo down 2%

Cathay Pacific reports (17-Jun-2013) the following traffic highlights in May-2013:

Cathay Pacific: “May is traditionally one of the quieter months for our passenger business. The H7N9 outbreak continued to dampen demand into Mainland China, particularly to destinations in the east of the country. Demand on long-haul routes – and London and the United States in particular – remained robust, though demand in the region again lagged capacity growth. One exception was the Japan route, where the yen depreciation helped to boost traffic out of Hong Kong,” James Tong, Cathay Pacific General Manager Revenue Management. Source: Company statement, 17-Jun-2013.

Cathay Pacific Cargo: “There was no change in the overall situation in the world’s major airfreight markets in May. Demand out of our two main markets, Hong Kong and Mainland China, remained well below expectations, particularly on the European trade lanes, so we continued to pare back our freighter schedule accordingly. Demand to North America was more robust,” James Woodrow, Cathay Pacific General Manager Cargo Sales & Marketing. Source: Company statement, 17-Jun-2013.

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