Cathay Pacific pax numbers down 4% with 87% load factor in Aug-2016, cargo volume up 4%

Cathay Pacific reported (15-Sep-2016) the following traffic highlights in Aug-2016:

• Passenger numbers: 3.0 million, -3.8% year-on-year;
• Passenger traffic (RPKs): -2.8%;
• • China: -5.6%;
  • Northeast Asia: +1.0%;
  • Southeast Asia: -4.4%;
  • India, Middle East, Pakistan & Sri Lanka: -18.3%;
  • South West Pacific & South Africa: -4.1%;
  • North America: -0.7%;
  • Europe: +0.2%;
• Passenger load factor: 86.8%, -1.8 ppts;
• Capacity (ASKs): -0.8%;
• Cargo volume: 153,733 tonnes, +3.8%;
• Cargo load factor: 63.3%, +2.7 ppts;
• Flights: 6685, -2.0%. [more - original PR]

Cathay Pacific: "Overall cargo demand in August was reasonably robust and tonnage continued to stabilise. Freighters on our North American routes were generally full. We now see the momentum for exports out of Hong Kong and Mainland China building. As expected, the yields are gradually improving although there remains a gap when compared with the same period last year. We are planning to operate our maximum freighter schedule over the coming peak to match with the forecast demand from various new product launches." Source: Company statement, 15-Sep-2016.