13-Jul-2010 10:47 AM

Cathay passenger numbers up 27.5% in Jun-2010, but cautious about end of year trends

Cathay Pacific reports (12-Jul-2010) the following traffic highlights:

  • Jun-2010:
  • 6 months to Jun-2010:
    • Passenger numbers: 13 million, +8.5% year-on-year;
    • Passenger traffic (RPKs): +6.9%;
      • China: +25.5%;
      • Northeast Asia: +15.3%;
      • Southeast Asia: +5.6%;
      • India, Middle East, Pakistan and Sri Lanka: +13.4%;
      • Europe: -2.8%;
      • South West Pacific and South Africa: +2.1%;
      • North America: +7.6%;
    • Passenger load factor: 84%, +5.5 ppts;
    • Cargo volume: 871,585 tonnes, +24.4%. [more]

Cathay Pacific: "Demand in June remained high in the build-up to the summer peak, as we continued to restore capacity that was cut in response to the huge downturn in business in 2009. We enjoyed increases in volumes and yields compared to the previous year across most routes. Premium cabins saw a continuation of the pick-up off a low base in 2009, though volumes still remain below 2008 levels. Overall, we expect to see strong demand throughout July and August, although we view the sustainability of the current robust revenue trends towards the end of the year with a degree of caution,” Tom Owen, Cathay Pacific General Manager Revenue Management. Source: Company statement, 12-Jul-2010.

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