Cathay Pacific and its subsidiary Cathay Dragon released their combined traffic figures for April 2018. Having carried a combined total of nearly three million passengers, the duo could not stave off a slight drop – 0.8 per cent – in the number of passengers carried, as compared to the same month last year.
The passenger load factor decreased 1.9 percentage points to 84.5 per cent, while capacity, measured in available seat kilometres (ASKs), and increased by 0.9 per cent. In the first four months of 2018, the number of passenger carried grew by 2.0 per cent while capacity increased by 3.1 per cent.
Cargo performance was a positive though – the two airlines carried nearly 175,000 tonnes of cargo and mail, up by 6.7 per cent compared to the same month last year. “Tonnage grew ahead of capacity while yield strengthened,” says Cathay Pacific Director Commercial and Cargo Ronald Lam.
It seems the early start to Easter played spoilsport by reducing backend demand in April. Lam added: “However, we enjoyed a high frontend load factor during the month and yield improvements helped offset the loss in traffic volume. Our routes to Europe, the United Kingdom and the United States performed well, as did those to mainland China and Taiwan.”