Cathay Pa­cific & Drag­o­nair: Low yields

Lower de­mand from Main­land China and higher from In­dia and South­east Asia in Fe­bru­ary 2016 be­cause freight de­mand dropped sharply as fac­to­ries in Main­land China closed down for the Chi­nese New Year hol­i­day.

Cargo Talk - - Airline -

Cathay Pa­cific and Drag­o­nair car­ried 117,299 tonnes of cargo and mail in Fe­bru­ary 2016, a 10.1 per cent de­crease com­pared to the same month last year. The cargo and mail load fac­tor fell by 7.5 per­cent­age points to 58.0 per cent. Ca­pac­ity, mea­sured in avail­able cargo/mail tonne kilo­me­tres, was up by 1.1 per cent while cargo and mail rev­enue tonne kilo­me­tres (RTKs) flown de­creased by 10.4 per cent. In the first two months of 2016, ton­nage car­ried fell by 4.6 per cent against a 1.8 per cent in­crease in ca­pac­ity and a 5.2 per cent drop in RTKs.

Mark Sutch, Gen­eral Man­ager Cargo Sales & Mar­ket­ing, Cathay Pa­cific said, “Air freight de­mand dropped away sharply in the early part of the month as fac­to­ries in Main­land China closed down for the Chi­nese New Year hol­i­day. In com­par­i­son to the hol­i­day pe­riod last year, de­mand was slower in pick­ing up af­ter fac­to­ries re­opened, ASK Cargo ATK which led to a higher con­cen­tra­tion of lower-yield cargo from South­east Asia and In­dia be­ing up­lifted onto our transpa­cific freighter flights. The sus­tained drop in fuel prices has led to older air­craft be­com­ing eco­nom­i­cally vi­able. The re­sult­ing over­ca­pac­ity con­tin­ues to put downward pres­sure on cargo yields.”

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