Cathay Pacific releases traffic figures for July 2022

posted on 16th August 2022 by Eddie Saunders
Cathay Pacific releases traffic figures for July 2022

Cathay Pacific today released its traffic figures for July 2022. The airline’s traffic figures continued to reflect the positive impact of further adjustments to the Hong Kong Special Administrative Region Government’s travel restrictions and quarantine requirements.

Cathay Pacific carried a total of 219,746 passengers last month, an increase of 306.2% compared to July 2021, but a 93.3% decrease compared to the pre-pandemic level in July 2019.

The month’s revenue passenger kilometres (RPKs) increased 348.4% year-on-year, but were down 89.4% versus July 2019.

Passenger load factor increased by 44.7 percentage points to 73.3%, while capacity, measured in available seat kilometres (ASKs), increased by 74.6% year-on-year, but decreased by 87.6% compared with July 2019 levels.

In the first seven months of 2022, the number of passengers carried increased by 162.8% against a 6.3% decrease in capacity and a 189.8% increase in RPKs, as compared to the same period for 2021.

Chief Customer and Commercial Officer Ronald Lam said: “We continued to add more passenger flight capacity in July in light of the Hong Kong SAR Government’s progressive adjustments to travel and quarantine restrictions.

“Capacity increased by 24% compared to June, although it remained low at 12.4% of the pre-pandemic level.

“Passenger volume increased to an average of over 7,000 per day. Meanwhile, passenger load factor reached 73.3% – the highest it’s been since the start of the pandemic.

“The additional capacity we were able to operate provided enhanced connectivity options for our customers transiting through the Hong Kong hub, with demand from the Chinese Mainland to Australia and the US particularly robust.

“We also saw strong demand on our UK routes, especially from students returning to Hong Kong.

“As many of these flights were full, some of this student traffic shifted to our other European gateways such as Amsterdam and Frankfurt.

“Meanwhile, we were able to resume carrying passengers to Fuzhou, Nanjing and Wuhan in the Chinese Mainland again following adjustments to local capacity restrictions.

”Looking ahead on the travel side, the latest adjustments to quarantine arrangements for passengers arriving in Hong Kong are expected to have a positive impact on inbound traffic as well as leisure travel among Hong Kong residents. Student traffic to the US and UK is also expected to provide our travel business with a strong boost in August and September.

“However, our ability to add more passenger flight capacity will remain limited unless the restrictions on our aircrew are lifted.”

CATHAY PACIFIC TRAFFIC

JUL 2022

%Change VS JUL 2021

Cumulative JUL 2022

%Change YTD

RPK (000)        
 – Chinese Mainland 44,605 114.5% 182,108 124.7%
 – North East Asia 21,024 136.9% 48,195 37.3%
 – South East Asia 91,744 380.5% 193,883 74.7%
– South Asia, Middle East  & Africa 32,241 460.0% 58,463 563.8%
 – South West Pacific 174,524 792.0% 418,949 378.9%
 – North America 537,162 245.6% 1,216,529 136.6%
 – Europe 434,402 535.3% 1,027,221 314.6%
RPK Total (000) 1,335,702 348.4% 3,145,348 189.8%
Passengers carried 219,746 306.2% 555,208 162.8%
Cargo revenue tonne km (000) 546,796 -27.5% 2,669,628 -34.2%
Cargo carried (000kg) 100,714 -17.2% 626,591 -6.6%
Number of flights 1,723 8.2% 9,332 17.3%

CATHAY PACIFIC CAPACITY

JUL 2022

%Change VS JUL 2021

Cumulative JUL 2022

%Change YTD

ASK (000)        
 – Chinese Mainland 100,575 40.9% 591,063 83.0%
 – North East Asia 75,357 43.0% 178,733 -38.1%
 – South East Asia 158,863 91.9% 365,433 -31.3%
– South Asia, Middle East  & Africa 65,893 135.4% 133,478 176.9%
 – South West Pacific 248,629 -11.6% 729,164 -40.0%
 – North America 674,713 83.2% 1,611,118 -22.6%
 – Europe 498,625 213.5% 1,272,475 76.2%
ASK Total (000) 1,822,655 74.6% 4,881,464 -6.3%
Passenger load factor 73.3% 44.7%pt 64.4% 43.6%pt
Available cargo tonne km (000) 770,243 -16.4% 3,571,458 -28.3%
Cargo load factor 71.0% -10.8%pt 74.7% -6.7%pt
ATK (000) 944,872 -7.4% 4,038,948 -26.2%