19-Mar-2013 11:07 AM

Cathay Pacific pax numbers up 11% , cargo down 12% in Feb-2013. Premium demand as expected

Cathay Pacific reports (18-Mar-2013) the following traffic highlights in Feb-2013:

Cathay Pacific: “As with our January figures, year-on-year comparisons for February were distorted by the holiday effect. Comparing the first two months combined gives us a truer picture of our performance and it is reassuring to see a small increase in passenger numbers despite quite a significant drop in capacity. Passenger traffic was robust over the Chinese New Year holiday period, boosted by a total of 82 pairs of extra sectors to major holiday destinations. Demand in the premium cabins was in line with expectations for what is not a peak month for business travel," James Tong, GM revenue management. Source: Company statement, 18-Mar-2013.