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Cathay Pacific pax numbers down 3% in Apr-2013, cargo down 1%

16-May-2013 11:40 AM

Cathay Pacific reports (15-May-2013) the following traffic highlights in Apr-2013:

Cathay Pacific: “The decrease in passenger numbers was partly accounted for by Easter falling in different months. News about the H7N9 outbreak in Mainland China began to become more widespread in April and this had a negative impact on inbound traffic into key ports in Eastern China. Overall, demand on most long-haul routes remained strong throughout April, though demand within the region could not keep pace with the capacity increase. Premium class travel was boosted by the start of the Canton Fair,” James Tong, Cathay Pacific General Manager Revenue Management. Source: Company statement, 15-May-2013.

Cathay Pacific Cargo: “The air cargo market took a major dip in April 2011 and has remained in the doldrums for two consecutive years – an unprecedented period of time for the markets to remain weak…With no sign of any sustained pick-up, we are continuing to manage freighter capacity in line with demand and increase the overall efficiency of our freighter fleet.” James Woodrow, Cathay Pacific General Manager Cargo Sales & Marketing. Source: Company statement, 15-May-2013.