Cathay Pacific posts 4.8% volumes rise in March

The Cathay Pacific Group handled 189,911 tonnes of cargo and mail in March – an increase of 4.8 per cent compared to the same month last year.

This was the combined numbers for Cathay Pacific and Cathay Dragon.

The cargo and mail load factor rose by 0.4 percentage points to 70.7 per cent. Capacity, measured in available cargo/mail tonne kilometres, was up by 4.4 per cent while cargo and mail revenue tonne kilometres (RTKs) increased by 4.9 per cent.

In the first three months of 2018, tonnage rose by 8.2 per cent to 508,333 tonnes, against a 4.9 per recent increase in capacity and a 7.7 per cent increase in RTKs.

Cathay Pacific director of commercial and cargo, Ronald Lam said cargo revenue continued to track in line with expectations.

He added: “We saw a high load factor across the network and improved yield. The pick-up in demand from Hong Kong and mainland China post-Chinese New Year was slower than expected, but transhipments from the Indian subcontinent, Europe, Japan and Southeast Asia proved strong.”