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.