Cathay Pacific carried 133,079 tonnes of cargo in September 2024, an increase of 11 per cent compared with September 2023.
The month’s cargo revenue tonne kilometres increased 4.9 percent YoY, load factor declined 2.4 percentage points to 58.7 percent while available cargo tonne kilometres increased by 9.3 percent YoY, says an official release.
“In the first nine months of 2024, tonnage increased 10 percent to 1,103,576 tonnes against an 8.9 percent increase in capacity and a 3.4 percent increase in revenue tonne kilometres compared with the same period for 2023.”
Lavinia Lau, Chief Customer and Commercial Officer, Cathay Pacific says: “Demand strengthened in September as we moved into the traditional peak season with tonnage seven percent higher than August and 11 percent above September last year. In terms of
cargo carried, we observed an uptick in our Cathay Fresh shipments from South West Pacific, Southeast Asia and North America into Hong Kong and the Chinese Mainland, driven by increased demand during the Mid-Autumn Festival. There was also an increase in
shipments through our Cathay Priority solution due to growing demand for time-sensitive shipments to the Americas and Europe.
From the Greater Bay Area, e-commerce shipments continued to be the key driver of our export tonnage.”
Outlook
“For cargo, we expect demand to be robust during the traditional peak season, driven by e-commerce, high-tech and electronic goods from the Chinese Mainland, Southeast Asia and India as well as perishables from South West Pacific and the Americas. On September 26, 2024, we were honoured to have transported the giant pandas gifted by the Central Government from Chengdu to Hong Kong, and we hope that they are settling in well in their new home.”