Travel Industry News at TravelNewsAsia.com since 1997
Tue, 21 September 2021

Cathay Pacific Reports Increase in Passenger and Cargo Numbers

Cathay Pacific carried 135,353 passengers in August 2021, an increase of 278.4% compared to August 2020, but a 95.3% decrease compared to the pre-pandemic level in August 2019.

The months revenue passenger kilometres (RPKs) rose 294.1% year-on-year, but were down 92.4% versus August 2019. The passenger load factor increased by 26.5 percentage points to 46.4%, while capacity, measured in available seat kilometres (ASKs), increased by 68.9%, but was down 86.9% on August 2019 levels.

In the first eight months of 2021, the number of passengers carried dropped by 92.2% against a 76.2% decrease in capacity and an 89.7% decrease in RPKs, as compared to the same period for 2020.

Cathay Pacific Airbus A330 reg: B-LBK. Picture by Steven Howard of TravelNewsAsia.com Click to enlarge.

Ronald Lam, Chief Customer and Commercial Officer, said, While the COVID19 situation continues to present us with considerable challenges, we did see some improvement in the performance of our passenger business in August. Overall, passenger capacity increased 81% compared with July, although we still only operated about 13% of our August 2019 pre-pandemic levels. Load factor reached 46.4% the highest its been since March 2020.

Augusts passenger performance was driven primarily by student traffic, in particular from the Chinese Mainland to the US. We cautiously increased capacity on these services, with our Shanghai flights notably increasing to three times per day from mid-August, while our New York, San Francisco and Los Angeles flights also saw capacity increases. We also resumed flights to Chicago and Boston, which generated strong demand.

Meanwhile, demand for student travel from Hong Kong and the Chinese Mainland to the UK also gradually picked up from mid-August. This included not only our London flights, but our newly resumed Manchester services. Other newly resumed services in August included Paris, Phuket and Qingdao.

From early August, we were able to resume flights from the UK to Hong Kong, although the inbound demand was relatively weak. In general, inbound traffic slowed down after 20 August when the Hong Kong SAR Government tightened quarantine requirements for travellers arriving in Hong Kong from 16 overseas places.

Cathay Pacific Cargo

The airline carried 124,278 tonnes of cargo and mail last month, an increase of 21.7% compared to August 2020, but a 23% decrease compared with the same period in 2019.

The months revenue freight tonne kilometres (RFTKs) rose 20.7% year-on-year, but were down 15.4% compared to August 2019.

The cargo and mail load factor increased by 2.3 percentage points to 77.7%, while capacity, measured in available freight tonne kilometres (AFTKs), was up by 17.2% year-on-year, and down 33.8% versus August 2019.

In the first eight months of 2021, the tonnage decreased by 8.7% against a 21.8% drop in capacity and a 10.9% decrease in RFTKs, as compared to the same period for 2020.

While August is traditionally a quieter month for cargo due to the summer holiday period in the Northern Hemisphere, this was not the case this year and demand continued to be buoyant both from our home market, Hong Kong, and from across our network. Cargo capacity increased about 9% month-on-month, reaching approximately 66% of our August 2019 pre-pandemic levels, said Mr Lam. Towards the end of the month our freighter schedule ramped up to peak season levels, with transpacific flights notably increasing to 39 flights per week. Two additional Boeing 777 preighters have also now entered into service, bringing our total to six, providing us with additional capacity for carrying cargo. At the same time, our teams have been agile in responding to the constantly changing operating environment brought on by the COVID-19 outbreaks in various parts of our network. This has particularly impacted our services to Shanghai, where authorities have increased quarantine requirements for ground staff to contain the situation.

Outlook

Looking forward, Mr. Lam said, Our August passenger performance, with capacity at about 13% of pre-pandemic levels, was an improvement over previous months. We had hoped to operate as much as 30% of pre-pandemic capacity by the fourth quarter of 2021. However, operational and passenger travel restrictions remain in place, continuing to constrain our ability to operate more flights. As such, we now only expect to maintain similar passenger capacity levels to August 2021 for the remainder of the year, whilst remaining responsive to any unexpected changes in travel restrictions. We maintain our focus on prudent cash management, targeting cash burn of less than HK$1 billion per month for the rest of 2021. For cargo, market indicators suggest a strong peak season driven by the need for inventory replenishment, against a backdrop of ongoing air capacity constraints and disruptions to supply chains due to seaport congestion. We are planning for this, whilst remaining vigilant regarding changes to the COVID19 situation that could impact operations.

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

Headlines: Global Mishandled Baggage Rate Spiked by 24% in 2021  Myanmar Resumes E-Visa Service for Tourists  Langham Appoints Markus Aklin as Vice President of Development - Asia Pacific  Marriott Signs Two W Hotels in Italy  FCTG Appoints Bree Milkovic as Senior Vice President - Head of Digital  CTM Appoints John Nicholls as Global Head of ESG and Sustainability  Marriott to Open New-Build MICE Hotel in Munich, Germany  Breedendam Yachts Unveils 24-Metre Eightzero Sport  Marriott Signs First Ritz-Carlton Reserve in Middle East  Malaysia Airlines Launches ASEAN Travel Pass  HKIA Conducts Aircraft Crash and Rescue Exercise on Third Runway  JW Marriott Hotel Opens in Changsha, China  Duetto Adds New Features to GameChanger Revenue Optimization Application  Radisson Blu Hotel Opens in Juba, South Sudan  Bombardier Unveils Global 8000  Finnair Wet Leases A320 from DAT  IHG to Take Over Hotel in Novena, Singapore  Virgin Australia Signs Expanded Agreement with Sabre  Dorsett to Take Over Property in Singapore; Roy Liang Appointed GM  Airbus Extends Production of ACH130 Aston Martin Edition  Falcon 6X Ready for Global 40-Stop, 150-Hour Proving Campaign  Yiannis Kosmas Appointed GM of Anantara Bazaruto Island Resort in Mozambique  Creative Studio for ACJ TwoTwenty Opens in Toulouse, France  ATR Helping Indonesia to Implement Performance Based Navigation  Changi Airport to Reopen T2 on 29 May  IHG Signs Kimpton Hotel in Hua Hin, Thailand  Marriott Signs 1,049-Room All-Inclusive Autograph Collection Resort in Cancun, Mexico  Qantas Partners Zip to Offer Fly Now, Pay Later  Dassault Begins Production of Falcon 10X  Andrea Orrú Appointed GM of Al Baleed Resort Salalah by Anantara in Oman  Embraer Partners 4AIR to Offer Complimentary Carbon Offsetting  Fiji Men and New Zealand Women Win France Sevens in Toulouse  Anantara Resort to Open on Koh Yao Yai, Thailand  United Opens 30,000 sqft Club Lounge at Newark Liberty Int. Airport  Jon Cannon Appointed GM of Mövenpick Hotel Sukhumvit 15 Bangkok  IAG Orders 50 Boeing 737-8-200s and 737-10s  Mathieu Hellec Appointed GM of Anantara Maia Seychelles Villas  Airbus Selects Honeywell's New FMS for Future A320, A330 and A350 Aircraft  China Airlines Publishes Second TCFD Report  Fiji to Host Pacific Nations Cup 2022 in July  Google Cloud, AI, NDC and More - Airline Retailing Interview with Darren Rickey, Sabre  Mandarin Oriental to Open Second Luxury Hotel in London, England  Supersports Laguna Phuket Marathon 2022 to Take Place 11-12 June  Langham Appoints Sherona Shng as Regional Vice President Operations - Asia  ATR Unveils Vision of Future Regional Turboprop Aircraft  Maren Kuehl Appointed GM of Anantara Al Jabal Al Akhdar in Oman  United Airlines Applies to Launch Washington - Cape Town Flights  China Airlines Launches New Protective Kit for Passengers  Marriott Partners Yahoo to Launch Media Network  Plaza Premium Opens Lounge at Edinburgh Airport in Scotland  Malaysia Airlines and Qatar Airways Expand Codeshare Agreement  Sabre's Initiatives to Retain and Attract Top Talent  Yotel Gets Creative with Dual-Branded Property in Miami  Rosewood Signs Second Residential Project in Florida  Air France Unveils New Business Class Seat  Saab Appoints Viktor Wallström as SVP and Head of Group Communications  Accor Opens First of Two Mövenpick Hotels in New Zealand  Marriott Signs Adults-Only, All-Inclusive Luxury Resort in Dominican Republic  Sabre Recognized as System Provider in IATA’s Airline Retailing Maturity Index  Hong Kong Airport Reports 109.4% Increase in Passengers; Cargo Down Slightly  Fiji Airways Upgrades Technology with Amadeus’ Digital Experience Suite  Cebu Pacific Reports Q1 2022 Results  Burberry Reopens Qatar Duty Free Outlet at HIA  Four Seasons Kyoto Appoints Director of F&B, Culinary Operations  Jumeirah Opens Luxury Resort in Bali, Indonesia  Marriott Opens First AC Hotel in Australia  Star Alliance to Launch Co-Branded Regional Credit Card; Enable Paid Access to Lounges  Cathay Pacific Reports Increase in Cargo and Passenger Traffic  Fly Dhaka Partners AirAsia Consulting  Int. Travel Forecast to Fully Recover by 2025; Asia Pacific Lagging  CWT Appoints Interim CFO and Chief Partnership Officer  Host Countries of Next Five Rugby World Cups Confirmed  Langham Gold Coast to Open in June  SIA Appoints Leslie Thng as CEO of Scoot  Virgin Limited Edition to Open 28-Room Luxury Hotel in Mallorca  Pitak 'Chin' Norathepkitti Appointed GM of Anantara Chiang Mai Resort  ITA Airways Takes Delivery of First Airbus A350  Singapore Airlines Extends Sponsorship of Formula 1 Grand Prix  All Nippon Airways Joins airasia SuperApp's OTA Platform  Air Astana Celebrates 20th Anniversary of First Commercial Flight  Accor to Convert QE2 Cruise Ship into Floating MGallery Hotel  Lufthansa Orders 16 Boeing Cargo and Passenger Aircraft  Sabre Completes Acquisition of Nuvola  NAC to Become Launch Lessor of Embraer’s P2F Conversions  Qatar’s Hamad Int. Airport Reports 162% Increase in Passengers  Grand Hyatt Kuwait to Celebrate Grand Opening in Autumn  JAC Takes Delivery of 9th ATR 42-600  Etihad Unveils New Economy Class Furnishings and Tableware  Marriott Signs Second JW Hotel in Japan  Jetstar to Launch Canberra Flights from Melbourne and Gold Coast  Four Seasons Signs Luxury Hotel and Residences in Muscat, Oman  Airbus Establishes Air Mobility Initiative in Bavaria  Qantas Launches Promotion on 1,700+ Points Planes  Etihad Completes Sustainable Flight Tests Operating 42 EcoFlights Over 5 Days  Embraer Concludes Series of Experimental Flights in Rio de Janeiro, Brazil  Swiss-Belhotel Aiming to Double Portfolio by 2030  Four Seasons Partners Bryte to Bring AI Technology to Sleep Experience  The Slate Phuket Becomes Dog-Friendly; Charges 1,500 Baht Per Dog, Per Night  Lee Kelly to Join 45 Park Lane in London as GM  China Airlines Participates in SkyTeam's Sustainable Flight Challenge  Boeing to Establish Research & Technology Hub; Names Arlington Office as Global HQ  Emirates to Showcase Premium Economy Class Cabin at Arabian Travel Market 2022  It’s a Penalty Publishes Impact Report from Super Bowl LVI Campaign  EGNOS V3 to Enhance Navigation and Security for More Destinations in Europe  Qantas Unveils Plan to Buy Alliance Aviation Services  Mapping Travel's New Normal - Sabre Study Highlights Prominent Shifts  Aviation: International RPKs Increase 285.3%  Emirates Celebrates Museum of the Future with Custom A380 Livery  Thai Airways Resumes Bali Flights; Launches Chatbot  China Airlines Operates Songshan - Tokyo Haneda Flights with A321neo  Cebu Pacific Resumes Jet Operations at Bicol Int. Airport  SHVO, Rosewood and Peter Marino to Renovate The Raleigh, Miami Beach  Growing Challenges for Air Cargo as Demand Falls  Pullman Cairns Appoints Mark Burns as General Manager  Accelya Establishes Center of Excellence in Pune, India  IHG Appoints Danny Ha as Development Representative - Korea  Emirates Resumes Flights to Bali, Indonesia  Yotel Signs WTC Hotel in Lisbon, Portugal  Travel Industry Interview with Kurt Ekert, President of Sabre  HD Videos and Interviews  Podcasts from HD Video Interviews  RSS Feed - Travel Industry News  Ticker - Travel Industry News  Travel Industry News Archives  Travel Trade Shows  High-Res Picture Galleries  Travel News Asia - Latest Travel Industry News 

Subscribe to our Travel Industry News RSS Feed Travel Industry News RSS Feed from TravelNewsAsia.com. To do that in Outlook, right-click the RSS Feeds folder, select Add a New RSS Feed, enter the URL of our RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml and click Add. The feed can also be used to add the headlines to your website or channel via a customisable applet. Have questions? Please read our Travel News FAQ. Thank you.

     
Advertising
Advertising
Copyright © 1997-2022 TravelNewsAsia.com