Stay Ahead of the Curve: Latest Insights & Trending Topics

Tag: Cathay

  • Cathay Pacific’s carried passengers jumps 30% YoY in 2024


    Staff Reporter

    ,


    Hong Kong

    Photo by Fariz Priandana from Pexels

    The airline carried more than 2.2 million passengers in December 2024.

    Cathay Pacific and HK Express carried a combined total of more than 28 million passengers for the whole of 2024, reflecting a 30.7% year-on-year (YoY) increase.

    The airline carried a total of 2.24 million passengers in December 2024, a YoY increase of 26.4%. The month’s revenue passenger kilometres (RPKs) also increased by 27.9% YoY.

    Passenger load factor climbed by 3.6 percentage points to 84.8%, whilst available seat kilometres (ASKs) increased YoY by 22.5%.

    Meanwhile, Cathay Cargo carried a total of 1.5 million tonnes of cargo during 2024, which was 11% higher than 2023.

    In December 2024, the airline carried 143,564 tonnes of cargo marking an increase of 11.7%. The month’s cargo revenue tonne kilometres inched up 6.5% YoY. The cargo load factor increased by 61.4%, whilst available cargo tonne kilometres grew by 5.5% YoY.

    Join
    Hong Kong Business
    community

    Since you’re here…

    …there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

    We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

    Let us help you drive your business forward with a good partnership!



    Cathay Pacific’s carried passengers jumps 30% YoY in 2024

    Cathay Pacific, one of the leading airlines in Asia, has reported a significant increase in the number of passengers carried in 2024. According to the latest data, the airline saw a 30% year-on-year jump in the number of passengers flying with them.

    This impressive growth can be attributed to several factors, including the easing of travel restrictions, increased demand for air travel, and the airline’s commitment to providing exceptional service to its passengers. Despite the challenges posed by the ongoing pandemic, Cathay Pacific has managed to attract more passengers and maintain its position as a preferred choice for travelers.

    The airline’s strong performance in 2024 is a testament to its resilience and ability to adapt to changing market conditions. With a focus on safety, comfort, and customer satisfaction, Cathay Pacific continues to be a top choice for travelers looking for a reliable and convenient flying experience.

    As travel restrictions continue to ease and demand for air travel rebounds, Cathay Pacific is well-positioned to capitalize on the growing opportunities in the aviation industry. With its commitment to excellence and dedication to customer service, the airline is set to continue its growth trajectory in the coming years.

    Tags:

    Cathay Pacific, passenger growth, airline industry, travel trends, Cathay Pacific news, YoY growth, Cathay Pacific passengers, airline updates, travel news, aviation industry, Cathay Pacific flights

    #Cathay #Pacifics #carried #passengers #jumps #YoY

  • Cathay cargo carried up 12% in Dec on e-commerce demand


    Cathay Pacific carried 143,564 tonnes of cargo in December 2024, an increase of 11.7 percent compared with December 2023.

    The December 2024 cargo revenue tonne kilometres (RFTKs) increased 6.5 percent year on year, cargo load factor increased by 0.6 percentage points to 61.4 percent and available cargo tonne kilometres (AFTKs) increased by 5.5 percent year on year, says an official release.

    For CY2024, cargo carried increased 11 percent year-on-year to 1.5 million tonnes with RFTKs up five percent and capacity up 8.6 percent.

    “For cargo, the healthy market momentum seen in previous months continued into December, resulting in the highest tonnage of any month in 2024,” says Lavinia Lau, Chief Customer and Commercial Officer, Cathay Pacific. “Demand for e-commerce shipments from Hong Kong and the rest of the Greater Bay Area remained robust during the year-end festive season. We also saw significant demand for perishables and seasonal produce from the South West Pacific and the Americas to Hong Kong and other parts of Asia.

    “Meanwhile, we observed an increase in tonnage of our Cathay Expert solution arising from the movement of machinery and engines, particularly from North Asia.”

    Outlook
    “In terms of cargo, we anticipate demand to be softer during the first half of January before picking up again towards the Lunar New Year holiday.

    “Looking ahead, we remain firmly focused on further strengthening Hong Kong’s status as a leading international aviation hub, adding more flights and destinations for both passengers and cargo customers,” adds Lau.





    Cathay Pacific’s cargo business saw a significant increase in demand during the month of December, with a 12% rise in volumes carried. This spike in cargo shipments can be attributed to the growing popularity of e-commerce, which has driven up the need for efficient and reliable shipping services.

    The airline’s cargo division, Cathay Pacific Cargo, has been working tirelessly to meet the surge in demand, ensuring that packages are delivered in a timely manner and with the utmost care. With the holiday season in full swing, more and more consumers are turning to online shopping, further fueling the need for reliable cargo services.

    Cathay Pacific’s ability to adapt to the changing landscape of the industry and meet the needs of its customers has positioned it as a leader in the cargo business. As e-commerce continues to grow, the airline is well-equipped to handle the increasing demand and provide top-notch service to its clients.

    Overall, the 12% increase in cargo volumes carried by Cathay Pacific in December is a testament to the airline’s commitment to excellence and its ability to thrive in a rapidly evolving market.

    Tags:

    Cathay Pacific Cargo, e-commerce demand, air freight growth, Cathay Pacific e-commerce shipping, cargo industry trends, air cargo statistics, Cathay Pacific cargo services, e-commerce logistics, air freight market analysis

    #Cathay #cargo #carried #Dec #ecommerce #demand