Cathay Pacific Group cargo increased in October

Cathay Pacific Group saw cargo increase 6.5% in October compared to the same month last year. Together Cathay Pacific and Cathay Dragon carried 192,522 tonnes of cargo and mail, a load factor increase of 1.1% percentage points to 70.4%.
Capacity, measured in available freight tonne kilometres (ATFKs), was increased by 3.8% while cargo and mail revenue freight tonne kilometres (RFTKs) increased by 5.4%.
In the first ten months of 2018, the tonnage rose by 6.4% against a 3.1% increase in capacity and a 6% increase in RFTKs.
Cathay Pacific Director Commercial and Cargo Ronald Lam said: “Overall cargo revenue performed very well during the month, with revenue growth well ahead of capacity growth. Demand was strong across the network, especially for new consumer products.
“A number of stations across southeast Asia, northeast Asia and the Indian sub-continent established new cargo revenue records. We expect the momentum to carry over into November, although we continue to closely monitor external factors that are having an impact on global trade flows.”

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