Wednesday, 24 October 2018

Cathay Pacific reports lower passenger numbers in Septembr due to weather disruptions

Last week the Hong Kong based Cathay Pacific Group released traffic figures for September 2018 for Cathay Pacific and Cathay Dragon which demonstrated how typhoons had a negative effect on passenger numbers for the month.

Cathay Pacific and Cathay Dragon carried a total of 2,612,643 passengers last month, a decrease of 1.0% compared to September 2017. The passenger load factor decreased 0.2 percentage points to 80.8%, while capacity, measured in available seat kilometres (ASKs), increased by 0.7%. In the first nine months of 2018, the number of passenger carried grew by 2.0% while capacity increased by 3.1%.


The two airlines carried 180,623 tonnes of cargo and mail last month, an increase of 1.7% compared to the same month last year. The cargo and mail load factor rose by 1.1 percentage points to 69.2%. Capacity, measured in available freight tonne kilometres (AFTKs), was increased by 0.7% while cargo and mail revenue freight tonne kilometres (RFTKs) increased by 2.3%. In the first nine months of 2018, the tonnage rose by 6.4% against a 3.0% increase in capacity and a 6.1% increase in RFTKs.

Cathay Pacific Director Commercial and Cargo Ronald Lam said: “The significant disruption caused by Typhoon Mangkhut in Hong Kong and Typhoon Jebi in Japan negatively impacted both our passenger and cargo businesses in September, leading to slower capacity and revenue growth than had been anticipated.

“On the passenger front, the load factor remained stable based on the operated capacity, whereas gross yield only achieved small growth, with the previous favourable currency trend ceasing in September.

“On the cargo front, demand continued to strengthen as we moved into the seasonal peak and we saw both year-on-year load factor and yield improvements during the month. However, we continue to closely monitor external factors that are impacting global trade.”


Airlines Combined TRAFFIC

SEP

2018
% change

v SEP 17

Cumulative

SEP 2018

%
change

v YTD17

RPK (000)




 - Mainland China
694,446
-3.0%
7,034,974
2.8%
 - North East Asia
1,149,910
1.7%
12,043,531
2.4%
 - South East Asia
1,218,925
-2.8%
12,905,686
1.0%
 - South Asia, Middle East  & Africa
749,240
-5.2%
7,219,404
-1.2%
 - South West Pacific
1,149,871
-3.0%
11,179,037
0.9%
 - North America
2,500,791
-1.4%
26,172,029
0.7%
 - Europe
2,456,809
8.8%
20,944,965
9.4%
RPK Total (000)
9,919,992
0.5%
97,499,626
2.7%
Passengers carried
2,612,643
-1.0%
26,528,801
2.0%
RFTK Total (000)
1,014,477
2.3%
8,943,186
6.1%
Cargo and mail carried (000Kg)
180,623
1.7%
1,591,453
6.4%
Number of flights
6,354
-1.8%
60,993
2.0%

 

Airlines Combined CAPACITY

SEP

2018
% change

v SEP 17

Cumulative

SEP 2018

%
change

v YTD17

ASK (000)




 - Mainland China
924,213
-6.7%
8,854,562
0.5%
 - North East Asia
1,428,630
1.7%
14,665,756
3.5%
 - South East Asia
1,590,680
-0.6%
15,586,454
2.8%
- South Asia, Middle East  & Africa
935,573
-2.7%
8,764,096
-0.3%
 - South West Pacific
1,343,907
-4.2%
13,670,827
4.7%
 - North America
3,206,316
-0.5%
29,920,916
-1.8%
 - Europe
2,844,630
9.4%
23,937,505
11.4%
ASK Total (000)
12,273,949
0.7%
115,400,116
3.1%
Passenger load factor
80.8%
-0.2pt
84.5%
-0.3pt
AFTK Total (000)
1,466,141
0.7%
13,034,192
3.0%
Cargo and mail load factor
69.2%
1.1pt
68.6%
1.9pt
ATK (000)
2,633,060
0.7%
24,006,227
3.0%
Information from Cathay Pacific

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