Cathay Pacific and Cathay Dragon carried a total
of 3,100,132 passengers in June 2019, an increase of 6.0% compared
to the same month last year.
Passenger load factor increased 1.4 percentage
points to 86.7%, while capacity, measured in available seat kilometres (ASKs), increased by 7.3%. In the first six months of
2019, the number of passengers carried grew by 4.4% while capacity increased by 6.7%.
Pacific Director Commercial and Cargo, Ronald Lam, said, ďPassenger
demand remained robust for both business and leisure travel in
June, with first and business class load factor reaching its
highest level over a decade. However, intense market competition
continued to exert pressure on yield. Long-haul regions such as
North America and Europe performed behind expectations,
particularly on the yield front. Such pressure on yield is
expected to continue in the coming months.Ē
The two airlines carried 163,977 tonnes of
cargo and mail last month, a drop of 9.1% compared to the same
month last year. The cargo and mail load factor fell by 7.8
percentage points to 62.8%. Capacity, measured in available
freight tonne kilometres (AFTKs), was up by 1.5% while cargo and
mail revenue freight tonne kilometres (RFTKs) dropped by 9.7%. In
the first six months of 2019, the tonnage fell by 5.7% against a
1.1% increase in capacity and a 6.1% decrease in RFTKs.
ďOn the cargo side,
weakening market sentiment has been impacting our tonnage uplift
and yield. With the exception of the Americas, Northeast Asia and
mainland China, which had a marginal increase in uplift compared
to May, overall volume has seen decline against the previous month
and year, with only a short-lived recovery from Asia towards the
latter half of June. The outlook for the coming months has not
seen signs of volume rebound. We shall further our efforts to
maintain a healthy market share by working closely with our
forwarders and shippers, and further rationalise our freighter
capacity to better match demand,Ē Mr Lam said.