Saturday, August 17, 2024 Cathay Pacific’s July 2024 performance saw 2 million passengers, a 15.1% rise, with a 16.1% RPK growth, despite a 3.
8% load factor dip, and strong cargo handling. Cathay Pacific reported a notable performance in July 2024, carrying 2,008,225 passengers, marking a 15.1% rise from July 2023.
The airline’s revenue passenger kilometers (RPKs) grew by 16.1% year-on-year. Despite this growth, the passenger load factor saw a slight dip of 3.
8 percentage points, landing at 85.5%. Available seat kilometers (ASKs) also showed a significant increase of 21.
2% compared to the previous year. Over the first seven months of 2024, the total number of passengers carried surged by 32.5% to 12,667,826, with ASKs up by 39% and RPKs by 31.
6% when compared to the same period in 2023. In terms of cargo, Cathay Pacific handled 126,797 tonnes in July 2024, reflecting a 9.6% increase over July 2023.
However, the month’s cargo revenue tonne kilometers (RFTKs) saw a slight decline of 0.5% year-on-year. The cargo load factor dropped by 1.
5 percentage points to 58.3%, while available cargo tonne kilometers (AFTKs) rose by 2.1%.
For the first seven months of 2024, the total tonnage increased by 10.3% to 846,261 tonnes, with AFTKs up by 9.9% and RFTKs increasing by 3.
8%, compared to the same period in 2023. Lavinia Lau, Chief Customer and Commercial Officer at Cathay Pacific, highlighted July 2024 as a significant milestone for the airline, marking the start of the traditional summer travel peak. For the first time since the airline’s rebuilding phase, Cathay Pacific surpassed the two million passenger mark in a single month, with an impressive load factor of 85.
5%—the highest recorded so far this year. Lau attributed this strong performance to the growing popularity of long-haul flights to and from Hong Kong, particularly among students and travelers visiting friends and family during the first half of the month. The latter half of July saw a surge in demand for travel to popular short-haul destinations in Japan and Southeast Asia.
Additionally, flights to Paris experienced heightened demand due to the Olympic Games, with Cathay Pacific proudly transporting a significant number of athletes and spectators to this prestigious global event..
