18-May-2016 9:06 AM

Cathay Pacific pax numbers stable with 85% load factor in Apr-2016, cargo volume up 2%

Cathay Pacific reported (17-May-2016) the following traffic highlights in Apr-2016:

  • Passenger numbers: 2.9 million, -0.1% year-on-year;
  • Passenger traffic (RPKs): -0.3%;
  • Passenger load factor: 84.9%, -2.3 ppts;
  • Capacity (ASKs): +2.4%;
  • Cargo volume: 147,643 tonnes, +2.1%;
  • Cargo load factor: 63.5%, +0.9 ppt;
  • Flights: 6478, -1.1%. [more - original PR]

Cathay Pacific: "April saw a better- than-expected performance for our cargo business, at least in terms of tonnage. We managed capacity astutely and were able to capture shipments out of key markets, including Mainland China and India, which led to a small improvement in load factor. India remains a focus for our cargo business at the moment and we operated a number of additional services to and from the country in April in response to strong demand. The big issue at the moment is yield, which remains under intense pressure due to the overall softness of the markets and the big increase in competitor capacity." Source: Company statement, 17-May-2016.

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