17-Apr-2012 10:52 AM

Cathay Pacific pax up 11%, cargo down 11% for Mar-2012, yield decline accelerating

Cathay Pacific passenger numbers up 11% - traffic highlights for Mar-2012:

  • Mar-2012:
    • Passenger numbers: 2.4 million, +10.6% year-on-year;
  • Three months ended 31-Mar-2012:
    • Passenger numbers: 7.0 million, +9.0%;
    • Passenger traffic (RPKs): +8.8%;
    • Passenger load factor: 78.8%, +0.2 ppt;
    • Cargo volume: 378,270 tonnes, -10.5%;
    • Cargo load factor: 64.8%, -4.2 ppts.

Cathay Pacific: "The big issue at the moment is the accelerating yield decline in both the Economy and premium cabins, resulting from a combination of the continuing economic uncertainty and competitive pressure," James Tong, General Manager Revenue Management. Source: Cathay Pacific, 16-Apr-2012.

Cathay Pacific: "The general market for airfreight remains soft, particularly into Europe. There is poor visibility looking forward and little sign of any sustained pick-up in demand. We expect business to be weaker in April and we will continue to reduce capacity as necessary," James Woodrow, General Manager Cargo Sales & Marketing. Source: Cathay Pacific, 16-Apr-2012.