Loading
16-Nov-2012 10:50 AM

Cathay Pacific pax numbers up 1% and cargo up 2% in Oct-2012, yield remains under pressure

Cathay Pacific reports (15-Nov-2012) the following consolidated traffic highlights in Oct-2012:

Cathay Pacific: “The pick-up in demand in premium cabins was slow last month. Passenger demand in the Economy cabin held up reasonably well for long-haul flights but was soft in the region. Yield remained under pressure in a highly competitive environment,” James Tong, GM revenue management. Source: Company statement, 15-Nov-2012.

Cathay Pacific: “We saw a small uptick in demand in October, driven by the launch of a number of new hi-tech consumer products out of key manufacturing centres in the region. Following a lull in demand over the long National Day holiday period in Mainland China, we were therefore able to operate close to a full freighter schedule by the end of the month. However, in the longer term, demand from Asia to Europe will continue to be affected by the economic fragility in a number of euro-zone countries,” James Woodrow, GM cargo sales and marketing. Source: Company statement, 15-Nov-2012.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More