Tonnage increase of 6.5% in October for Cathay Pacific

posted on 26th November 2018 by Justin Burns
Tonnage increase of 6.5% in October for Cathay Pacific

Cathay Pacific and Cathay Dragon combined carried 192,522 tonnes of cargo and mail in October – an increase of 6.5 per cent on the same month last year – as numbers were boosted by a growing belly network.

The cargo and mail load factor rose by 1.1 percentage points to 70.4 per cent. Capacity, measured in available freight tonne kilometres (AFTKs), was increased by 3.8 per cent while cargo and mail revenue freight tonne kilometres (RFTKs) increased by 5.4 per cent.

In the first ten months of 2018, the tonnage rose by 6.4 per cent to 1,783,975 million against a 3.1 per cent increase in capacity and a six per cent increase in RFTKs.

Cathay Pacific director of commercial and cargo, Ronald Lam said: “Overall cargo revenue performed very well during the month, with revenue growth well ahead of capacity growth. Demand was strong across the network, especially for new consumer products.

“A number of stations across Southeast Asia, Northeast Asia and the Indian sub-continent established new cargo revenue records. We expect this momentum to carry over into November, although we continue to closely monitor external factors that are having an impact on global trade flows.”