Cathay Pacific releases traffic figures for July 2024
Cathay Pacific has just released its traffic figures for July 2024, which showed that the airline achieved a new milestone by carrying more than two million passengers in a single month for the first time since the pandemic.
Cathay Pacific carried a total of 2,008,225 passengers in July 2024, an increase of 15.1% compared with July 2023. The month’s revenue passenger kilometres (RPKs) increased 16.1% year on year. Passenger load factor decreased by 3.8 percentage points to 85.5%, while available seat kilometres (ASKs) increased by 21.2% year on year. In the first seven months of 2024, the number of passengers carried increased by 32.5% to a total of 12,667,826, against a 39% increase in ASKs and a 31.6% increase in RPKs, as compared with the same period for 2023.
The airline carried 126,797 tonnes of cargo in July 2024, an increase of 9.6% compared with July 2023. The month’s cargo revenue tonne kilometres (RFTKs) decreased 0.5% year on year. The cargo load factor decreased by 1.5 percentage points to 58.3%, while available cargo tonne kilometres (AFTKs) increased by 2.1% year on year. In the first seven months of 2024, the tonnage increased by 10.3% to a total of 846,261 tonnes, against a 9.9% increase in AFTKs and a 3.8% increase in RFTKs, as compared with the same period for 2023.
Travel
Chief Customer and Commercial Officer Lavinia Lau said: “Marking the start of the traditional summer travel peak, July was a milestone month for Cathay Pacific as the airline carried over two million passengers for the first time in a single month since our rebuild, while the 85.5% load factor was the highest of any month so far this year.
“Such robust demand was driven by the increased popularity of long-haul flights to and from Hong Kong in the first half of the month among students and those visiting friends and relatives. This was followed by a surge in demand for travel to popular short-haul destinations in Japan and Southeast Asia in the second half of July. In addition, we saw strong demand for flights to Paris due to the Olympic Games, and we were delighted to carry a significant number of athletes and spectators to attend this momentous sporting occasion.