Cathay Pacific’s November cargo traffic figures show slight decline

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Cathay Pacific and Cathay Dragon have seen a slight drop in cargo and mail uplifted in the month of November, according to the traffic figures released by Cathay Pacific Group. The Hong Kong-based airlines carried 185,135 tonnes of cargo and mail last month, an decrease of 1.3 percent compared to the same month last year. The cargo and mail load factor fell by 1.5 percentage points to 70.1 percent. Capacity, measured in available freight tonne kilometres (AFTKs), was increased by 0.9 percent while cargo and mail revenue freight tonne kilometres (RFTKs) decreased by 1.1 percent. In the first eleven months of 2018, the tonnage rose by 5.7 percent against a 2.9 percent increase in capacity and a 5.3 percent increase in RFTKs.

Also, the traffic figures show that there has been an increase in the number of passengers carried by the airlines. Together, the airlines have carried 883,056 passengers last month, an increase of 1.4 percent compared to November 2017. In the first eleven months of 2018, the number of passengers carried grew by 1.9 percent while capacity increased by 3.3 percent.

“In terms of cargo, our overall revenue performance was excellent during November, which is a peak period of the year. E-commerce related movements were boosted by events such as Singles’ Day in mainland China, which helped to even out the traditional dip in demand following the Thanksgiving holiday,” said Ronald Lam, director Commercial and Cargo, Cathay Pacific.

“However, we face a great deal of demand uncertainty in the coming months due to geopolitical factors that have the potential to impact global trade flows.”

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Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.