AVIATION | Staff Reporter, Hong Kong

Cathay Pacific's passenger load factor fell 1.3% in January

Performance slid due to booking cancellations amidst COVID-19.

Cathay Pacific and Cathay Dragon saw its passenger load factor fall 1.3 percentage points (ppt) YoY to 84.7% in January, according to a press release.

Likewise, the number of passengers for the month dropped 3.8% to around 3 million passengers.

Meanwhile, capacity, measured in available seat kilometres (ASKs), also dipped by 0.3%.

The two airlines carried 151,964 tonnes of cargo and mail in January, a 8.9% drop compared to the same month in 2019. The cargo and mail load factor declined by 1.4 ppt to 60.2%.

Capacity was down by 3.2%, whilst cargo and mail revenue freight tonne kilometres (RFTKs) decreased by 5.4%.

The company said that passenger traffic volume was satisfactory through the first three weeks of January. However, performance saw a rapid deterioration in the last week of the month due to booking cancellations over the COVID-19 outbreak.

Cathay Pacific has reduced its overall passenger flight by approximately 40% for the month of February and March. The company said that passenger capacity reduction is also likely for April.  

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.