Cathay Pacific releases traffic figures for February 2024

image credit: Cathay Pacific

Cathay Pacific today released its traffic figures for February 2024, which showed strong travel demand throughout the month, in particular during the Chinese New Year holiday period.

On 18 February, Cathay Pacific achieved a significant milestone by carrying more than 70,000 passengers and operating a total of 272 passenger flight sectors, the most on a single day since the start of the pandemic.

Cathay Pacific carried a total of 1,801,174 passengers in February 2024, an increase of 61.6% compared with February 2023. The month’s revenue passenger kilometres (RPKs) increased 50.3% year on year.

Passenger load factor decreased by 3.8 percentage points to 82.4%, while available seat kilometres (ASKs) increased by 57.3% year on year.

In the first two months of 2024, the number of passengers carried increased by 63.9% against a 60.6% increase in ASKs and a 53.4% increase in RPKs, as compared with the same period for 2023.

Lavinia Lau, Chief Customer and Commercial Officer said: “Our passenger business performed well in February as customers travelled for Chinese New Year.

“Demand from Hong Kong, the rest of the Greater Bay Area and the Chinese Mainland surged over the holiday period, especially on short-haul routes.

“We also saw good traffic between the Chinese Mainland and Hong Kong. As a result, our Chinese Mainland routes achieved 85% load factors over Chinese New Year.

“Our Japan routes also saw a strong resurgence in bookings, especially from Hong Kong, after the subdued demand in January following the devastating earthquakes that impacted Japan.

“Following the introduction of visa-free travel between the Chinese Mainland and various countries in Southeast Asia such as Thailand, Malaysia, Singapore and Indonesia in recent months, travel sentiment has remained consistently positive on these routes.

“We also resumed our Chennai and Colombo services in February, and these have been well received by customers.

“For Chennai, traffic has been good to and from Hong Kong, as well as onward destinations in the United States.

“For Colombo, we have seen good demand from customers from the Chinese Mainland, Japan and Australia.

“Looking ahead, on the travel side we anticipate demand will progressively grow leading up to the Easter holidays, especially on long-haul routes.

“We are seeing strong demand for business travel into Hong Kong with various exhibitions taking place in the city.

“The extension of the Individual Visit Scheme to include travellers from Xi’an and Qingdao will also boost sentiment for travel to Hong Kong, especially during the Labour Day holiday in May.”