TravelNewsAsia.com
Tue, 17 Dec 2019

Cathay Pacific’s Inbound Hong Kong Traffic Down 46% in November 2019

Cathay Pacific and Cathay Dragon carried a combined total of 2,623,764 passengers in November 2019, a drop of 9% compared to the same month last year.

Passenger load factor decreased by 3.2 percentage points to 80.1%, while capacity, measured in available seat kilometres (ASKs), decreased by 1.5%.

In the first 11 months of 2019, the number of passengers carried dropped by 0.4% and capacity increased by 5.7%, as compared to the same period for 2018.

Cathay Pacific Airbus A350. Picture by Steven Howard of TravelNewsAsia.com Click to enlarge.

Cathay Pacific Group Chief Customer and Commercial Officer Ronald Lam said, “As with the past few months, November continued to be very challenging for both Cathay Pacific and Hong Kong, with sentiment for travel still weak. In November, our inbound Hong Kong traffic dropped 46% compared to the same period in 2018 – a further slowdown from the 35% drop seen in October. Outbound Hong Kong traffic, meanwhile, was down 8% against the same time last year – a slight improvement over previous months. Overall, passenger load factor dropped 3.2 percentage points to 80.1%. Our increasing reliance on transit Hong Kong traffic, which has been less impacted, together with intense competition has meant overall yield remained under significant pressure.

“Our regional routes, in particular mainland China and Northeast Asia, continue to experience weak demand for travel into Hong Kong. Travel sentiment was also soft on routes to and from the US before Thanksgiving week – traditionally a very strong period for premium class travel. There were a few bright spots in our network, such as our India routes, which remained robust and generated good demand between India and North America. Traffic between Europe and the Southwest Pacific – an important transit passenger stream for our network – also remained healthy.

“Looking forward, we continue to see a significant shortfall in inbound Hong Kong advance bookings, particularly from mainland China and other regional markets, as compared to the same snapshot last year. This shortfall has been partially offset by the improvement of transit passenger traffic.”

Cathay Pacific Boeing 747-4F reg: B-LIC. Picture by Steven Howard of TravelNewsAsia.com Click to enlarge.

The two airlines carried 177,964 tonnes of cargo and mail last month, a drop of 3.9% compared to the same month last year. The cargo and mail load factor fell by 1.5 percentage points to 68.6%. Capacity, measured in available freight tonne kilometres (AFTKs)  was down by 3.8% while cargo and mail revenue freight tonne kilometres (RFTKs) dropped by 5.8%. In the first 11 months of 2019, the tonnage fell by 6.4% against no change in capacity and a 6.8% decrease in RFTKs, as compared to the same period for 2018.

“As for our cargo business, both load factor and yield further improved against the previous month in November, which is traditionally a peak month of the year. Exports from mainland China, Hong Kong and Taiwan remained robust. As demand from traditional retail and new product releases tailed off towards the latter half of the month, strong e-commerce traffic surged around the Singles’ Day shopping holiday in mainland China as well as Black Friday, to which we successfully catered with additional charter requests to Southeast Asia,” said Mr. Lam.

“While our cargo performance this year remains significantly below the record levels seen in 2018, we are cautiously optimistic about 2020 despite anticipating a weak first half. In our continual efforts to drive the competitiveness of the Hong Kong cargo hub, we were pleased to have announced the introduction of a new Terminal Charge concession for export shipments from Hong Kong, which will take effect from 1 April 2020 and make Cathay Pacific and Hong Kong an even more compelling choice for our cargo customers.

“Overall, our expectation is that the rest of 2019 will remain incredibly challenging and we continue to expect our second-half financial results to be significantly below those of our first half. As a business we continue to closely monitor market sentiment and global travel trends, remaining agile in our operations and ensuring our passenger and cargo capacity is best aligned with demand. In light of the immediate commercial challenges we are facing, we have reluctantly made the decision to reduce our seat capacity in 2020 by 1.4% year-on-year as opposed to our original plan of 3.1% growth, meaning that for the first time in a long while our airlines will reduce in size.”

See latest Travel News, Interviews, Podcasts and other news regarding: Cathay Pacific, Hong Kong.

Headlines: Langham Signs Hotel and Residences in Australia  IATA Reports Signs of Recovery as RPKs Plunge 94.3% in April  AirAsia Offers Unlimited Flight Date Changes  Qatar Airways to Resume Flights to Venice, Italy  Hong Kong Airlines Appoints APG as GSA in Canada and USA  Amadeus Integrates Troovo's RPA Engine into its B2B Wallet  Delta to Continue Blocking Middle Seats and Limit Pax Per Cabin  Severe Capacity Crunch in Air Cargo; ACTKs Down 42% in April  Park Hyatt Opens in Suzhou, China  Virgin Atlantic to Increase Cargo-Only Flights by 35% in June  FlyArystan to Launch Flights to Aktau, Atyrau and Aktobe  Dassault Completes Falcon 900B Passenger to Cargo Conversion in 8 Days  IATA Urges Governments to Implement ICAO's Guidelines for Restoring Air Travel  Iain Langridge Joins Belmond as Divisional MD Asia Pacific  A400M Completes Full Paratrooper Simultaneous Dispatch Certification  Mandarin Oriental Hong Kong to Close Pierre and the M Bar  Korean Air Adds Baggage Tracking Service to Skypass App  Fiji Airways Cancels All Int. Flights in July; Warns of August Reductions  Shinta Mani Wild Continues to Support Wildlife Alliance Rangers in Cambodia  Southwest Airlines Expands Partnership with Sabre  Bombardier Concludes Sale of CRJ Series Regional Jet Program to Mitsubishi  airBaltic to Resume Flights Between Riga and Paris, France  British Airways Removes Seats from Two Boeing 777-200s  New COVID19 Preventive Measures as HKIA Resumes Transit Services  Mekong Tourism Forum 2020 Postponed to 15-16 February 2021  Joanna Gunn Joins Rosewood Hotel Group as Chief Brand Officer  Bangkok Airways Waives Fees; Offers 20kg Extra Baggage Allowance  Gulf Air Resumes Pakistan Flights  CWT Partners SAP Concur Solutions  Finnair Asks FFP Members How They Feel About Flying Again  Airbus A400M Receives Automatic Low Level Flight Certification  COVID19 Interview with GM of Courtyard by Marriott Siem Reap, Ms. Ashley Lai  Int. Passenger Numbers of Asia Pacific Airlines Down 98.8% in April  Marriott Warns of More Cutbacks; Extends Furloughs and Reduced Work Weeks  Air Canada Cargo Expands Network with 5 New Destinations  SAS to Operate More Flights in June  Arna Wahl Davies Appointed Chair of CINZ's PCO Group  Boeing Resumes Production of 737 MAX  United Airlines Turns Old Uniforms into Masks for Employees  Aviation: Heavy New Debt Levels Will Weigh Down Airline Recovery  Thai Airways Flies Stranded Italians and Thais Back Home  Congo Airways Converts E175 Deal into Order for Two E190-E2s  Finnair Signs 10-Year Global Maintenance Agreement with ATR  Air Canada Looking to Raise Over $1 Billion with Shares and Notes  Air Astana Establishes Cargo Division  Hotels in Asia Pacific Report April Drop in ADR, OR and RevPAR  Fiji Airways Secures Vital Support from Government  Iain McCormack Joins Vakkaru Maldives as GM  Grand Richmond Hotel in Nonthaburi Launches Quarantine Package  airBaltic Reports 500% Increase in Bookings  Wetherspoon Unveils Social Distancing and Hygiene Plans for 875 Pubs  Air New Zealand Reopens Airport Lounges  Fiji Airways Cuts Workforce by Over 50%; Reduces Salaries and Working Hours  Air Canada to Operate Flights to 97 Destinations This Summer  Hertz Files for Chapter 11 Bankruptcy Protection in USA  Lufthansa Technik to Fit Three A350s with VIP Cabins for German Air Force  Executive Appointments as Norwegian Restructures Management  CAE USA to Develop C-130J Simulators for AFSOC  AirAsia Extends Credits for 2 Years  Rolls-Royce to Layoff at Least 9,000 People  A Song of Support and Thanks to the NHS Staff of Ysbyty Enfys, Llandudno  Aviation: Global Coordination Needed for COVID19 Measures  British & Irish Lions Appoints CFO and Director of Marcom  Hannah Loughlin Joins Six Senses Con Dao as DOSM  Finnair Looking at More Layoffs  SITA Invests in Digital IDs Designed to Replace Traditional Passports  United Airlines Partners Clorox and Cleveland Clinic to Launch CleanPlus  Biosecurity for Air Transport: A Roadmap for Restarting Aviation  airBaltic to Resume Flights from Riga to Berlin, Helsinki and Munich  Etihad Airways Expands Flight Schedule  Eric Hallin Appointed GM of Six Senses Con Dao in Vietnam  Mekong Innovative Startups in Tourism 2020 Calls for Applications  Qatar Airways Starts Codesharing with American Airlines  Airbus Opens First Dedicated A220 Production Facility in USA  Delta Installing Plexiglass Shields at Airports  Finnair to Resume Long Haul Flights in July with Strong Focus on Asia  Hong Kong to Target Domestic Tourism; Reports April Visitor Arrivals  Airbnb Appoints Tara Bunch as Global Head of Operations  Hyatt to Layoff 1,300 People Globally  Thai Airways Extends Suspension of International Flights  Air France to Resume Select Flights  Etihad Holidays Partners dnata Travel Group in UK  IHG Expands Cleaning Protocols at Hotels Worldwide  Finnair Increases Cargo Capacity by Removing Seats from Two A330s  PG to Resume Flights to Chiang Mai, Lampang, Phuket and Sukhothai  Cathay Pacific and Cathay Dragon Carried Just 13,729 Passengers in April  Singapore Airlines Group's RPKs Down 99.6% in April  HKIA Handled 32,000 Pax and 9,445 Flight Movements in April  Smiths Detection Launches UVC Light Kits for Airport Security Checkpoints  Boeing's X-37B Autonomous Spaceplane Sets Off on 6th Mission  History of Conwy, North Wales - Interview with Councillor Bill Chapman  Qatar Airways to Resume Flights to Brisbane, Australia  Delta to Operate Passenger Flights to Frankfurt and London  MICE: New Zealand Limits Events to 100-People  Mike Delaney to Lead Boeing's Confident Travel Initiative  Delta to Retire Boeing 777s by Year-End  Air Astana Celebrates 18th Anniversary with Resumption of Domestic Flights  Emercom of Russia Takes Delivery of First Ansat Helicopter  Emirates Unveils Plan to Resume Flights to Nine Destinations  Hong Kong Int. Airport Makes it Compulsory to Wear a Mask  Korean Air Outlines Plan to Secure KRW 2.2 Trillion to Overcome COVID19  IATA Takes Pessimistic Look at Future of Air Travel  AirAsia Introduces Contactless Technology to Enhance Safety  WHO Launches Two COVID19-Related Mobile Apps  UK's Civil Aviation Authority Signs MOU with BoeingKevin Schmidt Re-Elected as Chairman of Security Manufacturers Coalition  Cebu Pacific's COVID19 Safety Measures  AirAsia Philippines Cancels All Domestic and Int. Flights Until 31 May  Changi Airport in Singapore to Close T4  American Airlines Expands International Cargo Schedule  Hahn Air Appoints EVP Research & Development  United Airlines Appoints Brett J. Hart as President  Finnair to Require All Passengers to Wear Masks  Luis Gallego to Succeed Willie Walsh as CEO of IAG  Hyatt and American Offer Holidays to NYC Health + Hospitals/Elmhurst Staff  Craig Smith to Become Marriott's Group President - International  UNWTO: 72% of Countries Have Closed Borders to International Tourism  Etihad to Launch Scheduled Flights Between Melbourne and London Heathrow  Resumption of International Air Travel Requires Global Approach  Qatar Airways Giving Away 100,000 Free Tickets to Frontline Healthcare Professionals  Bombardier Wins Delhi-Meerut Regional Rapid Transit System Contract  Saab Appoints New CFO and Deputy CEO  Boeing Uses Three Dreamlifters to Transport PPE from China to USA  International Visitor Arrivals Could Fall 60-80% in 2020  Thailand to Promote Domestic Tourism First  HD Videos and Interviews  Podcasts from HD Video Interviews  Travel Trade Shows in 2020 and 2021  High-Res Picture Galleries  Travel News Asia - Latest Travel Industry News 

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also receive the daily news service by WhatsApp, stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Advertising
Advertising
Copyright © 1997-2020 TravelNewsAsia.com