Cathay Pacific Cargo reports 20.3% increase in airfreight volumes

Cathay Pacific Cargo reports 20.3% increase in airfreight volumes

Cathay Pacific has released its traffic figures for November 2023, which saw a good growth in air cargo carried largely driven by seasonal sales events and year-end demand.

READ: Cathay Pacific temporarily suspends Tel Aviv services

The airline carried 123,970 tonnes of cargo in November 2023, an increase of 20.3% compared with November 2022. The month’s cargo revenue tonne kilometres (RFTKs) increased 14.2% year on year. The cargo load factor decreased by 5.8 percentage points to 61.1%, while available cargo tonne kilometres (AFTKs) increased by 25.1% year on year. In the first 11 months of 2023, the tonnage increased by 19.5% against a 64.2% increase in AFTKs and a 43.6% increase in RFTKs, as compared with the same period for 2022.

READ: Cathay welcomes initiatives to further strengthen Hong Kong’s aviation status

Chief Customer and Commercial Officer Lavinia Lau said: “Air cargo demand got stronger in November as we reached the middle of the peak season. Tonnage grew around 20% compared with the same month in 2022, largely driven by seasonal sales events such as ‘Singles’ Day’ and ‘Black Friday’, the Thanksgiving holidays, as well as year- end demand as we approach the Christmas holiday period. Aside from e-commerce, demand was also robust in traditional air cargo commodities such as high-end electronics, automotives and perishables.”

Picture of Edward Hardy

Edward Hardy

Having become a journalist after university, Edward Hardy has been a reporter and editor at some of the world's leading publications and news sites. In 2022, he became Air Cargo Week's Editor. Got news to share? Contact me on Edward.Hardy@AirCargoWeek.com

Newsletter

Stay informed. Stay ahead. To get the latest air cargo news and industry trends delivered directly to your inbox, sign up now!

related articles

ABM strengthens Aviation leadership for continued growth

Menzies Aviation awarded IATA’s CEIV Li-batt certification

Hitachi ZeroCarbon and COBUS partner on EV Battery Analytics

WAIT... BEFORE YOU GO

Get the ACW Daily Newsletter for up-to-the-minute news on everything important in the airfreight industry

Logo Air Cargo Week