Loading
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.

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