Cathay Pacific releases traffic figures for December 2023

Cathay Pacific today released its traffic figures for December 2023.

The airline carried 128,546 tonnes of cargo in December 2023, an increase of 20.7% compared with December 2022.

The month’s cargo revenue tonne kilometres (RFTKs) increased 14.1% year on year.

The cargo load factor decreased by 6.5 percentage points to 60.8%, while available cargo tonne kilometres (AFTKs) increased by 26.3% year on year.

In the full year of 2023, the tonnage increased by 19.6% against a 59.7% increase in AFTKs and a 40.3% increase in RFTKs, as compared with 2022.

Lavinia Lau, Chief Customer and Commercial Officer, said, “Our cargo business performed well in December, and finished on a high, primarily driven by the strong year-end demand for e-commerce products.

“Additionally, there was increased demand for perishable goods for the holiday season.

“December also saw a pickup in our Live Animal solutions with significant numbers of racehorses being moved across our network in support of the Hong Kong international race events.

“In total, we carried almost 1.4 million tonnes of air cargo throughout 2023, compared with about 1.2 million tonnes in 2022, which was an encouraging result.

“We expect demand to steadily pick up from the second half of the month with the e-commerce demand on the Americas and European lanes remaining solid and local demand strengthening up to the Lunar New Year holidays.”