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Cathay Pacific releases combined traffic figures for January 2012

13 Feb 2012

Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for January 2012 that show growth in passenger numbers compared to the same month last year due to the Chinese New Year effect, while cargo and mail tonnage showed another significant year-on-year decline.

Cathay Pacific and Dragonair carried a total of 2,511,043 passengers in January – a year-on-year rise of 11.9% – while the passenger load factor rose by 0.6 percentage points to 81.9%. Capacity for the month, measured in available seat kilometres (ASKs), was up by 8.7%.

A total of 116,250 tonnes of cargo and mail was carried by the two airlines last month, a drop of 19.5% compared to the same month in 2011. The cargo and mail load factor was down by 7.9 percentage points to 59.9%. Capacity, measured in available cargo/mail tonne kilometres, fell by 6.7%, while cargo and mail tonne kilometres flown saw a decline of 17.6%.

Cathay Pacific General Manager Revenue Management James Tong said: “Year-on-year comparisons are distorted by the fact that the Chinese New Year holiday fell in January this year compared to early February in 2011. Passenger traffic over this year’s holiday peak was particularly strong on the Mainland China, Korea and Southeast Asia routes, though long-haul routes also performed well due to the timing of the Lunar New Year break. However, declining yield in the Economy cabin remains an area of concern.”

Cathay Pacific General Manager Cargo Sales & Marketing James Woodrow said: "Apart from a modest pre-Chinese New Year rush, the cargo markets were generally soft throughout January and were particularly weak during the holiday and post-holiday period as factories in Mainland China ceased operations. Our key markets remain soft and we have been cutting capacity aggressively to match demand on trunk routes to North America and Europe.”

RPK (000)
CATHAY PACIFIC / DRAGONAIR
COMBINED TRAFFIC
Jan2012 % change vs Jan11 Cumulative Jan2012 % change
YTD

China 665,213 23.0% 665,213 23.0%
North East Asia 1,107,559 10.0% 1,107,559 10.0%
South East Asia 1,185,610 14.6% 1,185,610 14.6%
India, Middle East, Pakistan & Sri Lanka 711,469 -0.2% 711,469 -0.2%
Europe 1,552,637 -2.8% 1,552,637 -2.8%
South West Pacific & South Africa 1,602,942 9.3% 1,602,942 9.3%
North America 2,540,339 15.8% 2,540,339 15.8%
RPK Total (000) 9,365,769 9.5% 9,365,769 9.5%
Passengers carried 2,511,043 11.9% 2,511,043 11.9%
Cargo and mail tonne km (000) 672,000 -17.6% 672,000 -17.6%
Cargo and mail carried (000Kg) 116,250 -19.5% 116,250 -19.5%
Number of flights 5,678 6.9% 5,678 6.9%
ASK (000)
CATHAY PACIFIC / DRAGONAIR COMBINED CAPACITY Jan2012 % change
vs Jan2011
Cumulative
Jan2012
% change
YTD

China 891,831 8.6% 891,831 8.6%
North East Asia 1,495,266 5.4% 1,495,266 5.4%
South East Asia 1,463,632 14.2% 1,463,632 14.2%
India, Middle East, Pakistan & Sri Lanka 988,366 6.2% 988,366 6.2%
Europe 1,837,728 -4.1% 1,837,728 -4.1%
South West Pacific & South Africa 1,853,266 5.8% 1,853,266 5.8%
North America 2,901,114 21.1% 2,901,114 21.1%
ASK Total (000) 11,431,203 8.7% 11,431,203 8.7%
Passenger load factor 81.9% 0.6pt 81.9% 0.6pt
Available cargo and mail tonne km (000) 1,121,652 -6.7% 1,121,652 -6.7%
Cargo and mail load factor 59.9% -7.9pt 59.9% -7.9pt
ATK (000) 2,208,854 0.2% 2,208,854 0.2%