Travel Industry News at TravelNewsAsia.com since 1997
Thu, 18 August 2022

Cathay Pacific Reports July's Cargo and Passenger Traffic

(18 August 2022, 11:13 +07)  Cathay Pacific carried 219,746 passengers in July 2022, an increase of 306.2% compared to July 2021, though a 93.3% decrease when compared to the pre-pandemic level in July 2019.

The months revenue passenger kilometres (RPKs) increased 348.4% year-on-year, down 89.4% on July 2019.

Passenger load factor increased by 44.7 percentage points to 73.3%, while capacity, measured in available seat kilometres (ASKs), increased by 74.6% year-on-year, a decrease of 87.6% compared with July 2019.

In the first seven months of 2022, the number of passengers carried increased by 162.8% against a 6.3% decrease in capacity and a 189.8% increase in RPKs, as compared to the same period for 2021.

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

We continued to add more passenger flight capacity in July in light of the Hong Kong SAR Governments progressive adjustments to travel and quarantine restrictions. Capacity increased by 24% compared to June, although it remained low at 12.4% of the pre-pandemic level. Passenger volume increased to an average of over 7,000 per day. Meanwhile, passenger load factor reached 73.3% the highest its been since the start of the pandemic, said Chief Customer and Commercial Officer, Ronald Lam. The additional capacity we were able to operate provided enhanced connectivity options for our customers transiting through the Hong Kong hub, with demand from the Chinese Mainland to Australia and the US particularly robust. We also saw strong demand on our UK routes, especially from students returning to Hong Kong. As many of these flights were full, some of this student traffic shifted to our other European gateways such as Amsterdam and Frankfurt. Meanwhile, we were able to resume carrying passengers to Fuzhou, Nanjing and Wuhan in the Chinese Mainland again following adjustments to local capacity restrictions.

The airline carried 100,714 tonnes of cargo last month, a decrease of 17.2% compared to July 2021, and a 40.7% decrease compared with the same period in 2019.

The months cargo revenue tonne kilometres (RFTKs) decreased 27.5% year-on-year, down 42.6% compared to July 2019.

The cargo load factor decreased by 10.8 percentage points to 71%, while capacity, measured in available cargo tonne kilometres (AFTKs), was down by 16.4% year-on-year, a fall of 48.9% on July 2019.

In the first seven months of 2022, the tonnage decreased by 6.6% against a 28.3% drop in capacity and a 34.2% decrease in RFTKs, as compared to the same period for 2021.

Cargo demand remained flat in many of our key markets in July as we entered the traditionally quieter summer months for air cargo. Tonnage decreased month on month across most markets, reflecting reduced cargo flight capacity due to weather related cancellations as well as ongoing operational restrictions which impacted the July schedule. The major impact of these challenges was seen on our Indian and the Americas routes, whilst capacity on our European routes grew marginally, said Mr Lam. Overall, our cargo volumes dipped by about 4% month-on-month against an approximately 7% decrease in capacity. We operated 51% of our pre-pandemic cargo flight capacity last month. Meanwhile, load factor was 71%.

Looking Ahead

Looking ahead on the travel side, the latest adjustments to quarantine arrangements for passengers arriving in Hong Kong are expected to have a positive impact on inbound traffic as well as leisure travel among Hong Kong residents. Student traffic to the US and UK is also expected to provide our travel business with a strong boost in August and September. However, our ability to add more passenger flight capacity will remain limited unless the restrictions on our aircrew are lifted, Mr Lam said. Regarding cargo, we expect to operate a full freighter schedule in August and going forward, complemented by regional cargo-only passenger flights and more belly capacity provided by our additional passenger services. However, long-haul cargo-only passenger flights will be limited. The situation involving cross-border trucking services between Shenzhen and Hong Kong remains uncertain, and we will continue to monitor the situation closely and adapt accordingly. We are cautiously optimistic about a solid seasonal winter peak season, although this is anticipated to be less pronounced than the one we experienced in 2021 in light of the current global economic environment.

Latest videosNoise Cancelling Ear Plugs for a Perfect Night's Sleep, Running Lights - Lumefit Premium 360° Reflective Vest Review, Steven Howard Outlines Travel News Asia's Video and Podcast Plans for 2023, Amari Watergate Bangkok - 4K Video Interview with Sukamal Mondal, Area GM.

Headlines: World's Greatest Rugby Sevens Party Ready for Kick Off in Hong Kong  Travelport Upgrades Travel Agency Retailing Platform with Smartpoint Cloud  Sandy Liw Moves to Thailand as GM of InterContinental Khao Yai Resort  Munich Airport Upgrades Car Rental Process with AI Scanning Tunnel  Bonza Expands Flight Network in Australia  Air Astana Increases Flights for Summer 2023 Schedule  American Airlines Donates a Pratt & Whitney JT8D Engine to Aviation Institute of Maintenance  PwC Study Finds Eurofighter Programme Will Secure 26,000 Jobs in Spain Until 2060  IHG Signs Third Holiday Inn Hotel in Amritsar, India  Hong Kong Airport Reports Massive Surge in Passenger Numbers  Sabre Partners Plan3 to Provide Airlines with Automated Disruption Management Solution  Japan Airlines Orders 21 Boeing 737 MAX Aircraft  James Sutcliffe Appointed GM of Avani+ Khao Lak Resort in Thailand  Norse Atlantic Launches Flights Between Paris and New York, USA  Thibaut Drege Moves to Budapest as GM of Four Seasons Hotel Gresham Palace  British Airways Adds English Sparkling Wines to Business Class Experience  Minor Opens First Oaks Hotel in China  David Young Joins Accor Pacific as Chief Sustainability Officer and Director of ESG  Vietnam Airlines Resumes Flights Between Da Nang and Tokyo Narita, Japan  American Express Publishes Global Travel Trends Report for 2023  Antalya, Türkiye to Host Global Sustainable Tourism Council's Annual Conference in May  China Southern and Xiamen Air to Operate Over 630,000 Flights During S23 Schedule  Hawaiian Signs Deal with Gevo for 50 Million Gallons of Sustainable Aviation Fuel  American Airlines Raises US$1.1+ Million for Cystic Fibrosis Foundation  Marriott Opens Tallest Hotel in Australia - The Ritz-Carlton, Melbourne  Sabre Enhances Airline and Hotel Solutions with Capillary Technologies  Marriott Signs Eight Hotels in Madinah, Saudi Arabia  Bernard Hartzenberg Moves to Cambodian Jungle as Executive Chef of Shinta Mani Wild  Bangkok and Pattaya Top Songkran 2023 Travel Searches on Airbnb  CentaraThe1 Partners Singapore Airlines' KrisFlyer  IHG Signs Three Hotels in Egypt  Finnair Buys 750 Tons of Sustainable Aviation Fuel from Neste  Marriott Opens First Tribute Portfolio Resort in Seychelles  Radisson Partners J7 Group for Two Hotels in Islamabad, Pakistan  Adrian Pulido Appointed GM of Hyatt Regency Danang  Four Seasons Promotes Shadi Suleman to Senior General Manager of Two Hotels in Qatar  Malaysia Airlines Launches EnrichMoney Visa Prepaid Card and App  TFE Hotels Expands Adina Brand to Geneva, Switzerland  More Flights to Asia; LH's A380 Returns; and New Airline for Munich Airport This Summer  Boeing Delivers First of Three 702MP+ Satellites to Viasat  IHG Signs Kimpton Hotel in AWC's Mega Mixed-Use Aquatique Project in Pattaya, Thailand  Minor Opens First Tivoli Hotel in Netherlands  Hong Kong Airport to Implement Carbon Management Platform from SITA  Accor Appoints Kerry Healy as CCO of Premium, Midscale & Economy Brands  Stunning St. Regis Resort Opens in Kanai, Mexico  IHG Signs 13 and Opens Two Holiday Inn Express Hotels in Europe  Hahn Air Appoints Arsenio (Zen) Cabanilla Jr. as RVP Agency Distribution  Air Canada to Launch Flights Between Montreal and Amsterdam, Netherlands  Wyndham Signs First Cruise Ship Resort in Asia Pacific  Virgin Australia Implements Sabre's Revenue Optimizer and Dynamic Availability Solutions  Australia's First Le Méridien Hotel Opens in Melbourne  Preecha Yarangwong Joins Holiday Inn & Suites Siracha Laemchabang as GM  Thai Airways Extends Validity of Expiring Royal Orchid Plus Miles  Marriott Signs Three Resorts on Sindalah Island, Saudi Arabia  Employees of Delta and Korean Air Make a Difference in Calauan, Philippines  Boeing Forecasts Increased Growth for Aircraft Finance in 2023  Two Saudi Arabia-Based Airlines Sign Deals for Up To 121 Boeing 787 Dreamliners  Qantas Frequent Flyers Can Now Use Points on All China Airlines Flights  Cebu Pacific to Launch Direct Flights Between Clark and Seoul, South Korea  Yotel Signs First Pad Outside America  Jetstar Asia to Change Terminal at Changi Airport on 22 March  Lauren Hobart and Grant Reid Appointed Independent Directors of Marriott  William Haandrikman Appointed MD of Two Accor Hotels in Singapore  Norwegian Air Ambulance Orders Two More Airbus H145 EMS Helicopters  Parkroyal Langkawi Resort Becomes Pan Pacific's 5th Hotel in Malaysia  Sabre Ancillary IQ to Help GOL Airlines Expand Revenue Streams  Hong Kong Airlines Now Operating Flights to Beijing's PEK and PKX Airports  Paul Stocker Joins Minor Hotels as Vice President of Operations for Southeast Asia  Idemia Launches Two New Biometric Solutions  Finnair Reaches Agreement with Cabin Crew  Lufthansa Partners SITA to Digitally Automate Baggage Re-Flight Operations  Elbit Systems Partners Nippon Aircraft Supply and Itochu Aviation  Westin Returns to Manila, Philippines  Thailand's Onyx Hospitality Outlines Regional Expansion Plans  Accor Opens 29th Hotel in Singapore  Vietnam Airlines Increases Flights to India; Mulls Mumbai Service  Hong Kong Airlines to Launch Flights to Fukuoka, Japan; Resume Bali and Shanghai  China Airlines to Launch Direct Flights Between Taipei and Prague, Czech Republic  ATR Appoints Bernard Marquez as Head of Quality  SunExpress to Expand Network with 26 New Routes  Mandarin Oriental to Open Stunning Luxury Resort in Costa Navarino, Greece  Global Air Traffic Increased by 67% in January 2023  Bangladeshi Airline Air Astra Signs Distribution Agreement with Sabre  Accor Signs Fairmont Hotel in Cape Town, South Africa  U-Tapao Airport Near Pattaya, Thailand Signs MOU with HKIA Consultancy  Norwegian Cruise Line Publishes 2024/25 Itineraries  Hi Fly Expands Fleet with an Airbus A330-200  Elbit Systems to Showcase Products at DSEI Japan 2023  Mandarin Oriental Singapore Closes for Major Renovation  IATA Reports Decline in Global Air Cargo Demand  Qatar Airways to Resume Flights to Phnom Penh and 10 Other Destinations  Hong Kong's Greater Bay Airlines Orders 15 Boeing 737-9 Aircraft  Finnair Becomes First European Airline to Distribute NDC Content Through Sabre  Thai Airways Confirms Summer Flight Schedule  Scandinavian Airlines Appoints Jason Mahoney as COO  THC Takes Delivery of First ACH160  Sixth Ritz-Carlton Hotel in Japan to Open in June  Radisson Signs Thailand's First Red Hotel  Noise Cancelling Ear Plugs for a Perfect Night's Sleep  Steven Howard Outlines Travel News Asia's Video and Podcast Plans for 2023  Amari Watergate Bangkok - 4K Video Interview with Sukamal Mondal, Area GM  Business Travel Trends in Asia Pacific - Video Interview with Brett Thorstad, Sabre  Pictures from Miss International Queen 2022 in Pattaya, Thailand  HD Video Interviews from Miss International Queen 2022 in Pattaya, Thailand  Is Siam Seaplane Ready for Take Off? Interview with Dennis Keller, Chief Business Officer  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 © 1997-2023 TravelNewsAsia.com