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Cathay, Cathay Dragon cargo volume dips 4.9pc in December

CATHAY Pacific and Cathay Dragon carried a combined 182,863 tonnes of cargo and mail in December, an decrease of 4

Cathay, Cathay Dragon cargo volume dips 4.9pc in December

CATHAY Pacific and Cathay Dragon carried a combined 182,863 tonnes of cargo and mail in December, an decrease of 4

15 January 2019 - 19:00

CATHAY Pacific and Cathay Dragon carried a combined 182,863 tonnes of cargo and mail in December, an decrease of 4.9 per cent year on year.

The cargo and mail load factor in December fell by 4.2 percentage points to 67.7 per cent. Capacity measured in available cargo/mail tonne kilometres (AFTKs) remained unchanged while cargo and mail revenue tonne kilometres (RTKs) decreased by 5.9 per cent year on year.



For the whole of 2018, tonnage increased by 4.7 per cent to 2.15 million tonnes against a 2.6 per cent increase in capacity and a 4.2 per cent increase in RTKs, a statement from Cathay said.



Cathay Pacific Director Commercial and Cargo Ronald Lam said: 'Turning to cargo, we finished the year-end peak with strong movements of cargo in the weeks leading up to Christmas and demand slowed down towards the end of the month. Uncertainty remains in the coming months regarding the trade situation between China and the United States.'



The group's airlines carried a total of 3.10 million passengers in December - an increase of 1.8 per cent compared to the same month last year.



The passenger load factor decreased 0.8 percentage points to 83.8 per cent, while capacity, measured in available seat kilometres (ASKs), increased by 5.8 per cent.



In 2018, the number of passenger carried increased by 1.9 per cent to 35.47 million while capacity rose by 3.5 per cent.



'Business Class demand remained strong during December, with premium leisure traffic over the holiday period being a key driver. We also saw improved yield in Economy Class, especially on our popular regional routes to Japan, Korea, Taiwan and the Philippines,' Mr Lam said.


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