Airlines

Cathay Pacific releases traffic figures for May 2023

Cathay Pacific today released its traffic figures for May 2023, which show the airline continues to make good progress as it rebuilds flight connectivity at the Hong Kong international aviation hub.

The airline carried 109,834 tonnes of cargo last month, an increase of 18.8% compared with May 2022, when our cargo capacity was significantly reduced due to stricter aircrew quarantine measures.

The month’s cargo revenue tonne kilometres (RFTKs) increased 73.4% year on year.

The cargo load factor decreased by 14.2 percentage points to 61.5%, while capacity, measured in available cargo tonne kilometres (AFTKs), increased by 113.6% year on year.

In the first five months of 2023, the tonnage increased by 28.2% against a 154.6% increase in capacity and a 107.2% increase in RFTKs, as compared with the same period for 2022.

Chief Customer and Commercial Officer Lavinia Lau said: “Turning to our cargo business, market volume remained largely flat in May. High-tech demand and new consumer product shipments continued to underperform due to elevated inventory levels.

“However, the e-commerce market remained relatively active and, in the special solution segment, aircraft engine volumes improved as passenger services resumed.

“The peak summer season looks promising as we expect to get a boost from students returning to Hong Kong after the school term ends.

“On rebuilding our network, we will bring back the seasonal Christchurch service from 16 December 2023 through to 29 February 2024 with three return flights per week, following the earlier announcement of service resumption to Johannesburg and Chicago from August and October 2023, respectively.

“In terms of cargo, the summer months are traditionally slower and any significant pick-up in demand is not expected until the end of the third quarter. We also anticipate more intense competition as overall cargo demand lags behind supply.

“As we rebuild our capacity through the expansion of the widebody passenger network, we will continue to source new demand and optimise our freighter schedules accordingly. Toronto and Miami will receive additional freighter capacity as a result.”

CATHAY PACIFIC TRAFFIC

MAY

2023

% Change

VS MAY 2022

Cumulative

MAY 2023

% Change

YTD

RPK (000)    
 – Chinese Mainland265,9471,018.0%1,130,586982.5%
 – North East Asia757,50420,027.0%3,313,56521,684.7%
 – South East Asia767,8164,796.7%3,482,2116,130.6%
 – South Asia, Middle East  & Africa283,0875,214.6%1,174,07621,069.8%
 – South West Pacific741,2131,973.1%3,526,2873,019.6%
 – North America1,585,7411,053.2%6,912,1942,264.9%
 – Europe1,412,7521,210.9%6,596,5552,647.2%
RPK Total (000)5,814,0591,664.0%26,135,4753,062.1%
Passengers carried1,417,9062,345.4%6,267,7793,281.0%
Cargo revenue tonne km (000)654,02573.4%3,228,519107.2%
Cargo carried (000kg)109,83418.8%540,05528.2%
Number of flights3,347180.9%14,707146.3%

 

CATHAY PACIFIC CAPACITY

MAY

2023

% Change

VS MAY 2022

Cumulative

MAY 2023

% Change

YTD

ASK (000)    
 – Chinese Mainland367,522412.7%1,590,852292.8%
 – North East Asia980,8225,565.6%4,146,4145,781.6%
 – South East Asia972,9423,158.0%4,231,9813,227.9%
 – South Asia, Middle East  & Africa353,2131,894.6%1,423,5326,832.6%
 – South West Pacific906,9641,529.4%4,217,8482,210.5%
 – North America1,686,574746.1%7,269,5851,530.4%
 – Europe1,560,107915.5%7,136,0571,997.6%
ASK Total (000)6,828,1431,152.4%30,016,2691,785.7%
Passenger load factor85.1%24.7%pt87.1%35.1%pt
Available cargo tonne km (000)1,063,947113.6%5,029,556154.6%
Cargo load factor61.5%-14.2%pt64.2%-14.7%pt
ATK (000)1,714,853211.5%7,893,089270.9%

 

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