Cathay Pacific Group
Date Posted: 30/06/2018
The Cathay Pacific Group comprised of Cathay Pacific and Cathay Dragon released their combined traffic figures for May 2018, showing a slight decrease in the number of passengers transported, but at the same time a huge increase in cargo and mail being transported across its whole network.
Cathay Pacific and Cathay Dragon together flew over 2.8 million passengers (2,827,634) last month, down a mere 0.8% compared to the same time last year. The load factor on their flights has also dropped by 2.2 points resulting in a load factor of only 82%. In the first five months of this year the number of passengers carried by these two airlines increase by 1.4%, transporting 14,559,319 passengers. Throughout the month of May 6,779 flights were operated, an increase of 2.1% compared to May 2017. In the first five months, Cathay Pacific and Cathay Dragon have operated 33,722 flights, increasing by 2.3%.
Traffic throughout Mainland China has remained steady, only dropping 0.1% compared to last year with the two airlines operating 756,423 Revenue Passenger Kilometres (RPK). Revenue Passenger Kilometres refers to the number of kilometres travelled by paying passengers. To work this out you would multiply the number of revenue (paying) passengers by the distance travelled, therefore if there is an increase in RPK it’s a positive for the airline as is means more passengers are using the service.
The biggest increase in RPK operated was to Europe, increasing by 8.3% last month, with the cumulative RPK increasing by 7.3% in the first five months of 2018. This has been caused by the direct flights to European destinations, such as Brussels, Copenhagen and with new A350 service to Dublin.
The Cathay Pacific Group transported 175,074 tonnes of cargo and mail, an increase of 8.2% compared to last year, with an increase of 7.9% in the first five months of 2018 compared to the following year, transporting a total of 857,897 tonnes. The cargo and mail load factor increased by 2.3 points for the same month last year up to 68.6%. The cargo and mail load factor has increased by only 2% within the first five months.
“May is traditionally a relatively slack month for leisure travel. Our overall passenger volume growth was therefore slightly slower than capacity increases. However, we saw good growth in overall yield, mainly driven by healthy business travel demand and favourable currency trends.
“In terms of cargo, we had stable uplift in May. Higher transhipment flow across the network helped improve our load factor, while yield also strengthened. Our new European routes to Brussels, Copenhagen and Dublin were all launched smoothly and are performing in line with our expectations.” Said Cathay Pacific’s Director of Commercial and Cargo, Ronald Lam.