Cathay Pacific Group reports tough August amid Hong Kong strikes

By Rachelle Harry

Cathay Pacific Group, comprised of Cathay Pacific and Cathay Dragon airlines, has released its figures for August 2019, which show a decrease in the amount of transported cargo compared with the same time period in 2018.

This summer, ongoing protests in Hong Kong negatively impacted Cathay Pacific and Cathay Dragon’s operations and subsequent figures.

Weather conditions and the ongoing China-US trade war also affected performance during the month.

Ronald Lam, chief customer and commercial officer at Cathay Pacific Group, commented: “On the cargo side, our business continued to face headwinds,” Lam added. “Tonnage further deteriorated month-on-month across all regions, driven in particular by slow demand over the holiday season in different parts of the world, the effects of tropical storms and disruptions at Hong Kong International Airport.

In August 2019, the Group carried 14% less cargo – 161,394 tonnes – compared with August 2018.

Meanwhile, capacity for the month, measured in available freight tonne kilometres (AFTKs), was down by 0.6% and cargo revenue freight tonne kilometres (RFTKs)RFTKs dropped by 11.6%.

Further Hong Kong disruption could hit territory’s reputation as a transport hub

Hong Kong flights resume as airport adds new security measures

In the first eight months of 2019, the Group’s tonnage fell by 7.1% against a 0.8% increase in capacity and a 7.2% decrease in , compared with the same period for 2018.

The Group also reported that its cargo load factor over the first eight months fell by 7.5 percentage points to 60.9%.

Lam added: “Ongoing geopolitical tensions also continue to affect overall market sentiment. Nevertheless, our outlook for September is slightly more positive and we expect to see demand progressively improve, driven by project shipments and the restocking of inventory as we enter the traditionally high-demand season.”


Share this story

Related Topics

Latest airlines news

Amazon and DHL scale back ATSG freighter operations

By Rebecca Jeffrey

Amazon and DHL are expected to scale back US freighter operations with lessor Air Transport Services Group (ATSG). In a…

Read More

Share this story

Lufthansa Cargo offers temperature tracking for perishables

By Damian Brett

Lufthansa Cargo has launched a new service that provides real-time tracking of the location and temperature of perishable products. The…

Read More

Share this story

Etihad and Astral partner on Nairobi cargo flights

By Damian Brett

Etihad Cargo and Astral Aviation have signed a new partnership that will help expand the Middle Eastern carrier’s presence in…

Read More

Share this story