Cathay Pacific carried a total of 76,430 passengers in October 2021, an increase of 98.3% compared to October 2020, but a 97.2% decrease compared to the pre-pandemic level in October 2019. The month’s revenue passenger kilometres (RPKs) rose 95% year-on-year, but were down 96.1% versus October 2019. Passenger load factor increased by 11.4 percentage points to 29.6%, while capacity, measured in available seat kilometres (ASKs), increased by 19.9%, but remained 89.9% down on October 2019 levels. In the first 10 months of 2021, the number of passengers carried dropped by 87.8% against a 68.4% decrease in capacity and an 84% decrease in RPKs, as compared to the same period for 2020.
The airline carried 136,949 tonnes of cargo last month, an increase of 19.8% compared to October 2020, but a 25.2% decrease compared with the same period in 2019. The month’s cargo revenue tonne kilometres (RFTKs) rose 21% year-on-year, but were down 14.9% compared to October 2019. The cargo load factor increased by 4 percentage points to 82.9%, while capacity, measured in available cargo tonne kilometres (AFTKs), was up by 15.2% year-on-year, but was down 30.3% versus October 2019. In the first 10 months of 2021, the tonnage decreased by 2.9% against a 14.7% drop in capacity and a 4.3% decrease in RFTKs, as compared to the same period for 2020.
Passenger
Chief Customer and Commercial Officer Ronald Lam said: “October was more challenging for our passenger business than recent months. Demand for student travel, which had been robust over the past few months, tapered down quickly from early October. As such, we trimmed our passenger capacity by about 19% compared to September. Overall, we only managed to operate approximately 10% of our pre- pandemic passenger capacity compared to October 2019. Meanwhile, our average daily passenger numbers dropped about 44% versus the previous month to 2,465.
“While our long-haul routes were less strong, our short-haul operations remained robust with demand for flights serving Asia remaining encouraging, in particular those serving the Philippines, Indonesia and Vietnam.
“Air cargo demand continued to strengthen in October. We maintained an optimised freighter schedule to meet this demand, supplemented by capacity provided by our scheduled passenger services. We also operated 963 pairs of cargo-only passenger flights, including 78 sectors that were operated by our converted “preighters” carrying cargo in the cabins – both record-high numbers. Overall, we operated approximately 70% of our pre-pandemic cargo capacity when compared to October 2019. Meanwhile, our average load factor increased to nearly 83%.
“Our home market, Hong Kong, continued its strong performance, and other markets around our network were similarly encouraging. Southeast Asia in particular performed well with robust exports of consumer products and industrial parts. Return traffic from the Americas and Europe also gathered momentum.
Subject to travel restrictions and other operational constraints due to COVID-19, Cathay said that it expects its second-half 2021 results will be a “considerable improvement on our first-half 2021 results, although our overall losses for the full year 2021 will still be substantial”.