Cathay Pacific releases traffic figures for November 2021

posted on 14th December 2021 by Eddie Saunders
Cathay Pacific releases traffic figures for November 2021

Cathay Pacific today released its traffic figures for November 2021 that continued to reflect the airline’s substantial capacity reductions in response to significantly reduced demand as well as travel restrictions and quarantine requirements in place in Hong Kong and other markets amid the ongoing global COVID-19 pandemic.

Cathay Pacific carried a total of 70,047 passengers last month, an increase of 85.2% compared to November 2020, but a 97.3% decrease compared to the pre-pandemic level in November 2019.

The month’s revenue passenger kilometres (RPKs) rose 87.1% year-on-year, but were down 96% versus November 2019.

Passenger load factor increased by 8.2 percentage points to 26.8%, while capacity, measured in available seat kilometres (ASKs), increased by 29.5%, but remained 88.2% down on November 2019 levels.

In the first 11 months of 2021, the number of passengers carried dropped by 86.4% against a 65.1% decrease in capacity and an 82.1% decrease in RPKs, as compared to the same period for 2020.

Chief Customer and Commercial Officer Ronald Lam said: “The operating environment for our travel business continued to be extremely challenging in November.

“Following the reopening of borders in the US and Australia, we increased our flight frequencies to cater for the rise in demand.

“We also managed to capture pockets of travel demand within Asia and resumed our Madrid and Milan services.

“Overall, we operated slightly more passenger flight capacity in November than we did in October. It represented approximately 12% of our pre-pandemic passenger flight capacity compared to November 2019.

“However, the slowdown in traffic, particularly student travel, from both Hong Kong and the Chinese Mainland to the UK had an impact on our overall travel volume. On average, we carried about 5% fewer passengers per day in November than we did in the previous month”.

OUTLOOK

“As we approach the end of 2021, we continue to face significant challenges, especially for our travel business.

“The emergence of the Omicron coronavirus variant has had an impact on sentiment for travel over the holiday season.

“Furthermore, our ability to operate flights as planned remains affected in light of the latest travel restrictions, including the Hong Kong SAR Government’s tightening of quarantine requirements for many of our major markets and the subsequent operational constraints.

“As such, we adjusted our flight schedule for December and we aim to operate no more than 12% of our pre-pandemic passenger flight capacity for the rest of the month.

“We continue to closely monitor developments as we review our passenger flight schedule for January and beyond.

“Looking ahead on the cargo side, the strong peak season is expected to last well into December.

“We expect to operate our full freighter schedule as planned for the rest of the month.

“Nevertheless, we continue to face operational challenges and we remain agile in planning our cargo flight schedule.”