Cathay Pacific pax up 1% in Dec-2016, 34.3m pax in 2016

Cathay Pacific reported (15-Dec-2016) the following traffic highlights:

• Dec-2016:
• • Passenger numbers: 3.0 million, +0.9% year-on-year;
  • Passenger traffic (RPKs): +1.4%;
  • • China: +0.5%;
    • Northeast Asia: +2.7%;
    • Southeast Asia: +1.6%;
    • India, Middle East, Pakistan & Sri Lanka: -12.9%;
    • South West Pacific & South Africa: -2.2%;
    • North America: +0.4%;
    • Europe: +11.4%;
  • Passenger load factor: 85.0%, stable;
  • Cargo volume: 174,415 tonnes, +9.9%;
  • Cargo load factor: 69.5%, +1.6 ppts;
• 2016:
• • Passenger numbers: 34.3 million, +0.8% year-on-year;
  • Passenger traffic (RPKs): +0.9%;
  • • China: -0.5%;
    • Northeast Asia: +0.8%;
    • Southeast Asia: +3.7%;
    • India, Middle East, Pakistan & Sri Lanka: -13.4%;
    • South West Pacific & South Africa: +0.1%;
    • North America: +0.8%;
    • Europe: +6.0%;
  • Passenger load factor: 84.5%, -1.2 ppts;
  • Cargo volume: 1.9 million tonnes, +3.1%;
  • Cargo load factor: 64.4%, +0.2 ppt. [more - original PR]

Cathay Pacific: "The seasonal peak for airfreight carried into December, with exports from Mainland China, Asia and the Americas seeing encouraging year-on-year growth. Demand from our home market of Hong Kong was also sustained. Overall tonnage grew ahead of capacity, with our load factor improving month-on- month. The demand for perishables, machineries and e-commerce products persisted, while our new freighter services to Portland and Brisbane West Wellcamp have also been well received by the market." Source: Company statement, 18-Jan-2017.