Wednesday, May 22, 2024
Cathay Cargo carried 134,551 tonnes of cargo in March 2024

Cathay Cargo carried 134,551 tonnes of cargo in March 2024

Cathay Cargo carried 134,551 tonnes of cargo in March 2024, an increase of 26% compared with the previous month and up by 10.5% compared to March 2023.

Cathay Pacific released its traffic figures for March 2024, which showed strong demand for travel from Hong Kong driven by the Easter holiday period and travel to Hong Kong supported by the various exhibitions and events held in the city. Cathay Pacific carried a total of 1,883,404 passengers in March 2024, an increase of 42.4% compared with March 2023.

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The month’s revenue passenger kilometres (RPKs) increased 38.1% year on year. Passenger load factor decreased by 6.6 percentage points to 83.8%, while available seat kilometres (ASKs) increased by 48.9% year on year.

In the first three months of 2024, the number of passengers carried increased by 55.7% to a total of 5,401,778, against a 56.4% increase in ASKs and a 47.7% increase in RPKs, as compared with the same period for 2023.

The airline carried 134,551 tonnes of cargo in March 2024, an increase of 10.5% compared with March 2023. The month’s cargo revenue tonne kilometres (RFTKs) increased 4.1% year on year.

The cargo load factor decreased by 4.3 percentage points to 62.7%, while available cargo tonne kilometres (AFTKs) increased by 11.2% year on year. In the first three months of 2024, the tonnage increased by 11.1% to a total of 356,380 tonnes, against a 15.2% increase in AFTKs and a 6.2% increase in RFTKs, as compared with the same period for 2023.

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“Cargo demand was stronger in March, with our tonnage up by 26% compared with the previous month and up by 11% compared to March 2023. Cargo demand out of Hong Kong and the Chinese Mainland picked up quickly after factories re-opened following the Chinese New Year holidays, and we observed an increase in e-commerce and express shipments due to the end-of-quarter rush.

Picture of Anastasiya Simsek

Anastasiya Simsek

Anastasiya Simsek started her journalism career in 2016 at Ukrainian TV-Channels: 24 Channel and 1+1 Media. Having worked across a number of different sectors, including news, medicine and lifestyle, she joined the Air Cargo Week editorial team in 2024. To share your news and exclusive insights, contact Anastasiya.Simsek@AirCargoWeek.com

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