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Cathay Pacific Airways carried 952,519 passengers in May, a decline of 1.6% compared to the same month a year earlier. The amount of cargo carried fell by 10.4% to 54,910 tonnes. The fall in both passenger and cargo traffic came despite an increase of 6.7% in capacity measured in terms of available tonne kilometres.
The rise in capacity and fall in passenger numbers saw the passenger load factor slip by 6.1 percentage points to 67.9%. European routes were the worst affected with passenger traffic measured in revenue passenger kilometres falling by 7.9%. Cargo was also disappointing with the load factor falling 7.3 percentage points to 62.7%. For the year to date, the airline has carried 282,832 tonnes of cargo, 4.5% below the same period in 2000.
General Manager Network Revenue Ian Shiu said: "The air cargo market remains weak. Passenger traffic is also beginning to show the effects of the global economic slowdown, with declining load factors and a downward pressure on yields."
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TRAFFIC | May 2001 | % change vs May 2000 | Cumulative Jan - May 2001 | Cumulative Jan - May 2000 | % change | RPK (000) | - Europe | 839,186 | -7.9% | 4,549,126 | 4,583,654 | -0.8% | - Pacific and South Africa | 1,557,415 | -0.2% | 7,898,575 | 7,776,327 | 1.6% | - North Asia | 582,224 | 2.2% | 3,084,827 | 2,861,228 | 7.8% | - Southeast Asia and Middle East | 752,946 | 5.9% | 3,758,704 | 3,564,163 | 5.5% | RPK Total (100) | 3,731,771 | -0.6% | 19,291,232 | 18,785,371 | 2.7% | Pax carried | 952,519 | -1.6% | 4,891,574 | 4,786,788 | 2.2% | Cargo and mail tonne km (000) | 300,530 | -6.1% | 1,524,954 | 1,567,125 | -2.7% | Freight carried (000 kg) | 54,910 | -10.4% | 282,832 | 296,111 | -4.5% | Number of flights | 2,228 | 9.5% | 10,811 | 9,821 | 10.1% |
CAPACITY | May 2001 | % change vs May 2000 | Cumulative Jan - May 2001 | Cumulative Jan - May 2000 | % change | ASK (000) | - Europe | 1,161,301 | -2.6% | 6,095,240 | 5,843,837 | 4.3% | - Pacific and South Africa | 2,240,640 | 8.2% | 10,979,651 | 10,295,290 | 6.6% | - North Asia | 874,339 | 3.8% | 4,226,195 | 4,080,994 | 3.6% | - Southeast Asia and Middle East | 1,220,077 | 26.6% | 5,782,189 | 4,715,081 | 22.6% | ASK Total (100) | 5,496,357 | 8.4% | 27,083,275 | 24,935,202 | 8.6% | Pax load factor | 67.9% | -6.1pt | 71.2% | 75.3% | -4.1pt | Available cargo and mail tonne km (000) | 478,971 | 4.8% | 2,359,669 | 2,190,994 | 7.7% | Cargo and mail load factor (000 kg) | 62.7% | -7.3pt | 64.6% | 71.5% | -6.9pt | ATK(000) | 1,001,793 | 6.7% | 4,935,833 | 4,564,050 | 8.1% | |
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