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Cathay Traffic Up 9.7pc

Wed Feb 21, 2001 9:59 pm

Cathay traffic up 9.7pc
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The early Lunar New Year holiday helped Cathay Pacific Airways post a 9.7 per cent increase in passengers last month to 991,756.

But it said the three-day shutdown depressed cargo traffic by 6.2 per cent to 49,884 tonnes, compared with January 2000.

despite the rise in travellers, the average number of passengers on each aircraft, the passenger load factor, fell slightly to 73.1 per cent compared with 73.8 per cent a year previously. This is believed to have been partly caused by a 13.6 per cent surge in the number of flights to 2,159 from 1,900 in January 2000.

The cargo load factor dropped by 8.5 percentage to 59.2 per cent.

In a statement Ian Shiu, Cathay Pacific general manager, network revenue, said: ``Our revenue performance in January was rather mixed.

Passenger revenue was relatively strong across most routes, particularly in the Asian region. Cargo revenue and volumes, however, were both affected by the early Lunar New Year. This is shown in the revenue per kilometre (RPK), an airline industry indicator to measure financial performance.

For North Asia, Cathay Pacific posted a 22.3 per cent surge in RPK to 615.58 million; 11.1 per cent rise to 754 million for southeast Asia and the Middle East; a 6.6 per cent increase to 1.76 billion for the Pacific and South Africa; and a 6.1 per cent gain on the Europe sector to 937.68 million.

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