Cathay Pacific pax numbers down 1% with 84% load factor in May-2016, cargo volume down 1%

Cathay Pacific reported (16-Jun-2016) the following traffic highlights in May-2016:

• Passenger numbers: 2.9 million, -1.3% year-on-year;
• Passenger traffic (RPKs): -1.8%;
• • China: -0.2%;
  • Northeast Asia: -7.2%;
  • Southeast Asia: +5.8%;
  • India, Middle East, Pakistan & Sri Lanka: -12.8%;
  • South West Pacific & South Africa: -2.8%;
  • North America: +0.6%;
  • Europe: -3.2%;
• Passenger load factor: 84.0%, -1.9 ppts;
• Capacity (ASKs): +0.5%;
• Cargo volume: 145,102 tonnes, -1.3%;
• Cargo load factor: 62.2%, +0.1 ppt;
• Flights: 6559, -2.0%. [more - original PR]

Cathay Pacific: "May saw a further stabilisation in the tonnage being shipped out of some of our key markets, in particular Mainland China, Northeast Asia and the Southwest Pacific. As per the previous number of months, demand into India remained robust and we have increased capacity into the region to cater for this accordingly. The freightage yield, however, has continued to remain under intense pressure in what continues to be a challenging and capacity rich air cargo environment." Source: Company statement, 16-Jun-2016.