Cathay Pacific and Cathay Dragon saw cargo and mail load factors fall by 2.2 percentage points to 68.5 per cent in March. Capacity, measured in available freight tonne kilometres (AFTKs), was up by 0.3 per cent while cargo and mail revenue freight tonne kilometres (RFTKs) dropped by 2.9 per cent.
In the first three months of 2019, the cargo tonnage fell by 4.9 per cent against a 0.2 per cent dip in capacity and a 5.5 per cent decrease in RFTKs.
Cathay Pacific director Commercial and Cargo Ronald Lam says: “On the cargo side, we continue to see a trend of year-on-year decline in both volume and yield. However some slight improvements were seen in March when compared to the previous two months, including from our key markets of Hong Kong and mainland China to both regional and long-haul destinations.
“We continue to closely observe China-US trade talk developments and their impact on global trade flows,” he adds.
Cathay Pacific and Cathay Dragon carried a total of 3.1 million passengers last month – an increase of 2.5 per cent compared to March 2018. The passenger load factor decreased 1.3 percentage points to 83.9 per cent, while capacity, measured in available seat kilometres (ASKs), increased by 4.9 per cent.