Summary by Moomoo AI
Cathay Pacific Limited released passenger and cargo volume data for December 2023 on 24 January 2024. Data show that Cathay Pacific had a passenger volume of 1127 million passengers in December 2023, an increase of 122.1% year-on-year, and more than 2 million passengers for the year, a significant increase compared to 2022. In terms of freight, the cargo carried in December 2023 reached 128,546 tons, an increase of 20.7% year-on-year. Year-on-year shipments also increased, reaching about 140 million tons. Tourism demand was strong in December, especially to leisure hotspots on short trips to Japan and Southeast Asia, said Liu, Chief Customer and Commercial Officer. The freight business also performed well in December, particularly due to e-commerce activities during the year-end festival and increased demand for fresh goods shipments. Looking ahead to 2024, Cathay Pacific will continue to rebuild its flights and expect continued strong passenger and cargo demand between late January and Chinese New Year.