Cathay’s strong cargo start to 2018 continues

posted on 20th March 2018 by Jordan Newton
Cathay's strong cargo start to 2018 continues

Tonnage increased by 5.9 per cent in February at the Cathay Pacific Group compared to the same month last year.

Combined, the two carriers’ in the Group Cathay Pacific and Cathay Dragon handled a total of 145,800 tonnes of cargo and mail last month.

The cargo and mail load factor rose by 1.5 percentage points to 65.7 per cent. Capacity, measured in available cargo/mail tonne kilometres, was up by 5.8 per cent while cargo and mail revenue tonne kilometres (RTKs) increased by 8.3 per cent.

In the first two months of 2018, the tonnage rose by 10.3 per cent against a 5.1 per cent increase in capacity and a 9.5 per cent increase in RTKs.

Cathay Pacific director for commercial and cargo, Ronald Lam said: “Whilst competition remains fierce, overall we are tracking along our expected revenue performance on both the passenger and cargo sides so far in 2018. Due to the timing shift in the Chinese New Year holiday, it is more meaningful to compare our combined January and February performance between 2018 and 2017.”

He added: “Our cargo performance continued to be strong with both tonnage and yield achieving positive growth over last year. The positive growth in gross cargo yield was also partly contributed by favourable exchange rates.”