Cathay Group’s cargo volumes droop in October

Cathay Pacific and Cathay Dragon carried 183,119 tonnes of cargo and mail in October, a drop of 4.9% compared to the same month in 2018.

In its latest monthly figures, Cathay Pacific Group said that cargo and mail load factor fell by 2.4 percentage points to 68.0%.

Capacity, measured in available freight tonne kilometres (AFTKs), was down by 2.5% while revenue freight tonne kilometres (RFTKs) fell by 5.9%.

In the first 10 months of 2019, tonnage fell by 6.6% against a 0.4% increase in capacity and a 6.9% decrease in RFTKs, as compared to the same period for 2018.

Cathay Pacific Group chief customer and commercial officer, Ronald Lam, said: “It continues to be a challenging time for both the Cathay Pacific Group and for Hong Kong. In response to weakened travel sentiment to and from Hong Kong, we have so far reduced our passenger flight capacity against our original schedule by 2-4% between August and October, and 6-7% for November and December.”

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