Cathay Pacific Carried Just 37,815 Passengers in November
(18 Dec 2020) Cathay Pacific carried just 37,815 passengers in November 2020, a decrease of 98.6% when compared to November 2019.
The month’s revenue passenger kilometres (RPKs) fell 97.9% year-on-year, whilst passenger load factor dropped by 61.5 percentage points to 18.5%, and capacity (ASKs) decreased by 90.9%.
In the first 11 months of 2020, the number of passengers carried by Cathay Pacific and Cathay Dragon dropped by 85.8% against a 77.7% decrease in capacity and an 83.8% decrease in RPKs, as compared to the same period for 2019.
Cathay Pacific Group Chief Customer and Commercial Officer Ronald Lam said, “We are still not seeing any meaningful improvement in our passenger business. On average, we carried just
MIAMI – Hong Kong airline Cathay Pacific (CX) has released traffic data for the month of November 2020, which reflected the COVID-19-driven reduction on travel demand, a company press release stated on December 16.
Cathay Pacific transported a total of 37,815 passengers last month, a decrease of 98.6 percent compared to November 2019, while the revenue passenger kilometers fell 97.9 percent year-on-year.
The load factor fell 61.5 percentage points to 18.5 percent, while capacity, measured in available seat kilometers (ASKs), decreased by 90.9 percent.
Cathay Pacific Airbus A350-1000 taxing at Toulouse Airport (TLS). Photo: Clement Alloing.
Passenger Traffic Still Not Improving
Cathay Pacific Group Chief Customer and Commercial Officer Ronald Lam stated in the released that “we are still not seeing any meaningful improvement in our passenger business,” adding that, the airline, on average “carried just 1,261 passengers per day and load factor remained low at 18.5 percent
By Alfred Chua2020-12-16T09:56:00+00:00
Cathay Pacific Group anticipates a “significantly higher” loss for the six months ending 31 December, as passenger travel demand continues to remain in the doldrums.
Releasing its traffic results for November, Cathay says that the average capacity for the second half of the year is around 8.4% of pre-pandemic levels, well below the average of 34.3% for the first half of the year.
Source: Cathay Pacific
Cathay Pacific anticipates deeper losses for the six months ending 31 December.
“This, together with the additional restructuring and impairment costs announced in October, and further aircraft impairment at year-end, is expected to result in the second-half losses being significantly higher than the first-half losses reported in our interim accounts,” says Cathay group customer and commercial chief Ronald Lam.
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