Chinese e-commerce volumes helped boost Cathay Pacific and Cathay Dragon cargo traffic in November, with volumes up a full 13 per cent year-on-year to 187,545 tonnes.
The cargo and mail load factor rose by 3.5 percentage points to 71.6 per cent. Capacity, measured in available cargo/mail tonne kilometres, was up by 5.9 per cent while cargo and mail revenue tonne kilometres (RTKs) increased by 11.2 per cent. In the first eleven months of 2017, the tonnage rose by 11 per cent against a 3.4 per cent increase in capacity and an 8.9 per cent increase in RTKs.
Cathay Pacific director commercial and cargo Ronald Lam said: “In terms of cargo, our high year-on-year tonnage growth reflects the overall strength in the world’s air cargo markets. E-commerce related movements were boosted by events such as Chinese Singles’ Day, which helped to even out the traditional dip in demand following the American Thanksgiving Day holiday, and we saw high load factors and improving yields.
“We broke our weekly tonnage uplift record in the week starting 26 November, while a number of key markets across our network also established new revenue records during the month. The outlook remains positive and is expected to carry through until Christmas.”