Summary by Moomoo AI
Cathay Pacific Limited (“Cathay Pacific”) has released passenger and cargo volume data for January 2024. Data showed that Cathay Pacific's passenger numbers reached 117,700 passengers in the month, up 66.4% year-on-year, and passenger revenue in kilometres increased by 56.7% year-on-year. Despite a 4 percentage point drop in passenger traffic to 82.8%, the number of available seat kilometres increased by 64.2% year-on-year. In terms of freight, Cathay Pacific carried 11,447 tonnes of cargo, up 20.7% year-on-year, and cargo revenue per tonne kilometres increased by 11.4% year on year, but the freight rate fell by 3.6 percentage points to 58.6% and available tonne-kilometres increased by 18.3% year-on-year. LAU KAESI, PRESIDENT OF PASSENGER CUSTOMERS AND COMMERCIAL, COMMENTED THAT LEISURE TRAVEL DEMAND FELL SLIGHTLY IN...Show More