Wednesday, December 14, 2022

Cathay Pacific cargo carried drops 24% in Nov

Cathay Pacific carried 103,092 tonnes of cargo in November, a decrease of 24 percent compared with November 2021, and a 42 percent decline compared with the same period in 2019.



Cargo revenue tonne kilometres (RFTKs) decreased 28 percent year-on-year and were down 38 percent compared with November 2019, says an official release.

“The cargo load factor decreased by 15.6 percentage points to 66.9 percent while capacity, measured in available cargo tonne kilometres (AFTKs), decreased by 11 percent year-on-year, and was down by 36.4 percent versus November 2019. In the first 11 months of 2022, the tonnage decreased by 12.6 percent against a 20.7 percent decrease in capacity and a 30.6 percent decrease in RFTKs compared with the same period for 2021.”

Chief Customer and Commercial Officer Ronald Lam says: “Demand remained flat in November compared with the previous month despite it being the start of the traditional peak cargo period. We carried 103,092 tonnes of cargo last month, approximately 6 percent less than in October while cargo flight capacity was down about 2 percent in November compared with the previous month. Overall, we operated about 64 percent of pre-pandemic capacity levels.

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