CATHAY PACIFIC RELEASES COMBINED TRAFFIC FIGURES FOR JUNE 2017

Posted by: at 7/18/2017 06:12:00 am
CATHAY PACIFIC RELEASES COMBINED TRAFFIC FIGURES FOR JUNE 2017


Cathay Pacific Airways today released combined Cathay Pacific and Cathay Dragon traffic figures for June 2017 that show a decrease in the number of passengers carried and an increase in cargo and mail uplifted compared to the same month in 2016.

Cathay Pacific and Cathay Dragon carried a total of 2,809,992 passengers last month – a decrease of 2.1% compared to June 2016. The passenger load factor dropped 0.4 percentage points to 85.1%, while capacity, measured in available seat kilometres (ASKs), and increased by 1.6%. In the first six months of 2017, the number of passenger carried declined by 0.5% while capacity rose by 1.1%.

The two airline s carried 170,476 tonnes of cargo and mail last month, an increase of 12.8% compared to the same month last year. The cargo and mail load factor rose by 4.0 percentage points to 68.3%. Capacity, measured in available cargo/mail tonne kilometres, was up by 4.8% while cargo and mail revenue tonne kilometres (RTKs) increased by 11.3%. In the first six months of 2017, the tonnage rose by 11.5% against a 2.3% increase in capacity and an 8.9% increase in RTKs.

Commenting on the first six months of 2017, the airline’s Chief Executive Officer, Rupert Hogg, said: “When we announced our results for 2016 in March, we said that we expected the operating environment in 2017 to remain challenging. This has been the case. Our airlines’ performance in the first half of 2017 continued to be disappointing. In particular, strong competition from other airlines put intense and increasing pressure on passenger yield and revenue.”

Cathay Pacific General Manager Revenue Management Navin Chellaram said: “Passenger yield continues to come under pressure in the face of strong competition. The overall load factor remains high, with front-end traffic showing a pick-up, although the back-end, particularly on short-haul routes, has been sluggish. The launch of our new seasonal service to Barcelona in July has been well received, which is a positive sign as we enter the summer peak. Meanwhile, the new codeshare arrangements we have in place with Shenzhen Airlines and MIAT Mongolian Airlines will help us grow our regional network and provide our customers with enhanced connectivity.”

Cathay Pacific General Manager Cargo Commercial Mark Sutch said: “Our cargo business remained robust throughout June and the overall tonnage was healthy. The new Tel Aviv service has built good air freight demand and we received an overall boost from shipments of fresh produce, speciality goods, toys and automobile parts between Asia and the United States. Furthermore, our two wet-leased freighters are now operating at full capacity and are generating good revenues on North American routes. Looking ahead, the airfreight market remains strong and this should continue through to the start of the traditional high demand season in September.”

The full June figures are on the next page.

CATHAY PACIFIC / CATHAY DRAGON COMBINED TRAFFIC

JUN
% Change
Cumulative
%
Change

2017
VS JUN 16

JUN 2017

YTD

RPK (000)




- Mainland China
723,741
-2.2%
4,448,481
-1.5%
- North East Asia
1,197,075
-5.3%
7,823,148
1.9%
- South East Asia
1,414,292
-3.6%
8,783,886
-3.2%
- India, Middle East, Pakistan & Sri Lanka
590,932
0.9%
3,545,808
-6.0%
- South West Pacific & South Africa
1,293,453
-0.7%
8,576,333
-1.9%
- North America
3,050,850
0.3%
17,000,004
0.3%
- Europe
2,216,813
11.9%
12,064,195
13.5%
RPK Total (000)
10,487,156
1.0%
62,241,855
1.4%
Passengers carried
2,809,992
-2.1%
17,162,995
-0.5%
Cargo and mail revenue tonne km (000)
974,353
11.3%
5,435,433
8.9%
Cargo and mail carried (000kg)
170,476
12.8%
965,687
11.5%
Number of flights
6,537
0.9%
39,504
0.5%

CATHAY PACIFIC / CATHAY DRAGON COMBINED CAPACITY

JUN
% Change
Cumulative
%
Change

2017
VS JUN 16

JUN 2017
YTD

ASK (000)




- Mainland China
934,141
-0.4%
5,861,542
2.3%
- North East Asia
1,478,462
-5.4%
9,487,262
-1.8%
- South East Asia
1,721,672
-1.5%
10,433,315
-2.1%
- India, Middle East, Pakistan & Sri Lanka
697,326
-5.2%
4,241,617
-9.4%
- South West Pacific & South Africa
1,549,174
1.4%
10,068,646
1.6%
- North America
3,477,024
3.3%
19,803,369
0.7%
- Europe
2,469,468
9.2%
13,548,322
9.7%
ASK Total (000)
12,327,267
1.6%
73,444,073
1.1%
Passenger load factor
85.1%
-0.4pt
84.7%
0.2pt
Available cargo/mail tonne km (000)
1,426,487
4.8%
8,206,277
2.3%
Cargo and mail load factor
68.3%
4.0pt
66.2%
4.0pt
ATK (000)
2,598,621
3.3%
15,189,630
1.7%



About Cathay Pacific Airways

Cathay Pacific Airways is an award-winning Hong Kong-based airline offering scheduled passenger and cargo services to more than 174 destinations in 43 countries and territories around the world. Cathay Pacific Airways and Cathay Dragon currently operate 48 weekly departures from 6 cities in India to Hong Kong. Cathay Pacific operates 10 flights a week from Mumbai, 14 flights from Delhi, daily flights from Chennai and 4 weekly flights from Hyderabad. Whereas sister airline Cathay Dragon operates daily flights from Bengaluru and 6 weekly flights from Kolkata. Cathay Pacific Cargo is also one of the biggest air cargo operators in India with 25 scheduled freighter services to and from Mumbai, Delhi, Chennai, Kolkata, Bengaluru and Hyderabad.


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