Cathay Pacific pax numbers up 11% with 86% load factor in Jan-2016, cargo volume stable

Cathay Pacific reported (17-Feb-2016) the following traffic highlights in Jan-2016:

• Passenger numbers: 2.9 million, +10.9% year-on-year;
• Passenger traffic (RPKs): +10.1%;
• • China: +16.5%;
  • Northeast Asia: +6.8%;
  • Southeast Asia: +9.7%;
  • India, Middle East, Pakistan & Sri Lanka: +5.5%;
  • South West Pacific & South Africa: +11.2%;
  • North America: +7.2%;
  • Europe: +16.5%;
• Passenger load factor: 86.0%, +3.3 ppts;
• Capacity (ASKs): +5.9%;
• Cargo volume: 147,690 tonnes, +0.3%;
• Cargo load factor: 61.6%, -1.8 ppts;
• Flights: 6724, +3.3%. [more - original PR]

Cathay Pacific: "We saw a falloff in airfreight demand after the end-of-year peak and we reduced the number of freighter services operated accordingly. Demand on the key transpacific routes was solid, and we continued to see strong cargo traffic to and from India. The January result was boosted by a surge in shipments towards the end of the month in advance of the Chinese New Year holiday. Rate-cutting as a result of overcapacity continued to put significant pressure on cargo yield." Source: Company statement, 17-Feb-2016.