Cathay Pacific Group
Date Posted: 26/07/2018
The Cathay Pacific Group, made up of Cathay Pacific and Cathay Dragon have released their combined traffic figures for June 2018, showing a vast increase in both the number of passengers transported, the capacity on each flight and also an increase in mail and cargo being transported across its network.
Cathay Pacific and Cathay Dragon together flew over 2.9 million passengers (2,925,385) last month, an increase of 4.1% compared to June 2017. The aircraft load factor had a slight rise of 0.2 points to result in a load factor of only 85.3%, which also recovered from the 82% load factor last month.
In the first six months of the year, the number of passengers carried by the two airlines increased by 1.9%, transporting 17,484,704 passengers. Throughout the month of June 6,722 flights were operated, a rise of 2.8% compared to the same time period last year. In the first six months of 2018, Cathay Pacific and Cathay Dragon have operated 40,445 flights, an increase of 2.4%.
Traffic throughout Europe saw the biggest increase, increasing over 12% compared with the same period last year. Last month Europe was also the strongest performing region out of both airlines combined network. The cumulative RPK for 8.2 points over the first half of this year, suspecting that the new direct flights to various European Destinations are causing this huge increase. Traffic throughout the South West Pacific and South Africa remained steady, increasing by only 0.7% compared to last year with the two airlines operating 1,267,118 Revenue Passenger Kilometers (RPK). Revenue Passenger Kilometres refers to the number of kilometres travelled by paying passengers.
Compared to last month, traffic throughout Mainland China has vastly improved, up 3.2% compared to last year, seeking both airlines operating 755,058 RPK.
The Cathay Pacific Group transported 180,304 tonnes of cargo and mail, an increase of 5.8% compared to last year, with an increase of 7.5% in the first six months of 2018 compared to the following year, transporting a total of 1,038,251 tonnes. The cargo and mail load factor increased by 2.3 points for the same month last year remaining steady compared to last year at 68.3%.
“Frontend demand across our network remained strong during the period, while backend demand also picked up moderately thanks in part to the Dragon Boat Festival and 1 July holidays. Our European and United Kingdom routes performed relatively well. A small yield growth came on the back of improved business travel and traffic mix over last year. In terms of cargo, tonnage picked up towards end of the month. We observed a particular rise in demand on routes to Japan, owing to some capacity tightening in the market, while there was also increased uplift into the United States from Hong Kong and mainland China.
Looking ahead, we are closely monitoring geopolitical developments and their effect on tariff and currency movements, which have the potential to significantly impact both our passenger and cargo businesses .” Said Cathay Pacific’s Director of Commercial and Cargo, Ronald Lam.