Cathay Pacific reports 6.7% tonnage uplift in April

Cathay Pacific Group today released combined Cathay Pacific and Cathay Dragon traffic figures for April 2018 that show a strong increase in cargo and mail uplifted compared to the same month in 2017.

The two airlines carried 174,489 tonnes of cargo and mail last month, an increase of 6.7 per cent compared to the same month last year. The cargo and mail load factor rose by 2.3 percentage points to 68 per cent.

Capacity, measured in available cargo/mail tonne kilometres, was up by 4.2 per cent while cargo and mail revenue tonne kilometres (RTKs) increased by 7.9 per cent.

In the first four months of 2018, the tonnage rose by 7.8 per cent against a 4.7 per cent increase in capacity and a 7.7 per cent increase in RTKs. Tonnage in the first four months reached 682,823 tonnes, up 7.8 per cent on the same period in 2017.

Cathay Pacific director of commercial and cargo, Ronald Lam said: “The positive momentum in our cargo business continued into April. Tonnage grew ahead of capacity while yield strengthened.

“After a slight slow-down in our Hong Kong and mainland China markets early in the month, volumes started to pick up again during the month and network flow from the Americas, Europe, India, Japan and Southeast Asia continued to show strength.”