Cathay Pacific Group
Date Posted: 26/07/2018
The Cathay Pacific Group is made up of Cathay Pacific and Cathay Dragon have released their combined traffic figures for July 2018, showing a slight increase in the number of passengers transported across its network. Surprisingly the mail and cargo loads continue to increase as each month passes by.
Both Airlines transported over 3.1 million passengers (3,152,973) in July, that’s a huge increase of over 227,000 passengers compared with the previous month and compared with last year’s figures it’s only increased slightly by 1.1%, but any increase is good news especially in the aviation industry with so much competition. The aircraft load factor has decreased by 0.1 points to result in an overall load fact of 86.7% when compared with the same time last year. Last month’s load factor was 85.3%, so it is still up from last month’s loads.
As the new financial year is upon us, in the first seven months of 2018 the number of passengers carried by the two airline carriers had increased by 1.8%, transporting a total of 20,637,677 passengers. Throughout July 7,059 flights were operated, an increase of 2.9% when compared to the same time last year. So far, for this year both airlines combined have operated 47,503 flights to all various destinations across the Cathay Pacific Groups ever increasing network.
Once again for the third consecutive month, Europe continues to be the strongest performing region out of the group’s worldwide network. Flights to and from Europe have increased by 9.9% compared with the same time period last year. North America was also a strong performer, with traffic only increasing steadily by 1.3%.
The cumulative RPK for the first seven months of 2018 rose by 2.5% to 75,665,005. Surprisingly traffic throughout the South West Pacific, South Africa and Mainland China saw a slight decrease in traffic dropping 0.3% on average between the two regions. Compared to the same time last year Cathay Pacific and Cathay Dragon have operated 2,261,341 Revenue Passenger Kilometres (RPK). Revenue Passenger Kilometres refers to the number of kilometres travelled by paying passengers.
The Cathay Pacific Group transported over 184,935 tonnes of cargo ad mail, an increase on 6.8% in the first seven months on the year. Since the start of the year the airline group has transported over 1.2 million tonnes in cargo along. The cargo and mail load factor increased by 1.6 points when compared to the same time last year.
“Although July is traditionally one of the slower months in terms of business travel, we observed strong demand for our premium cabins during the period. There were also improved yields in the economy cabin, particularly on short haul routes. Traffic on our European routes remained particularly strong, with our new flights to Brussels, Dublin and Copenhagen continuing to build up momentum during the summer peak.” Said Cathay Pacific’s Director Commercial and Cargo Ronald Lam.
“Meanwhile, our cargo business continues to be steady, with tonnage in July recording year-on-year growth from a high base. Transshipment volumes increased, in particular from Japan, Southeast and America, while the load factor and yield maintained a high level. We continue to closely monitor the external factors that have the potential to impact global trade.” Mr. Lam Added.