Following its reopening post-COVID, airport traffic in Hong Kong has been on the rise again. We have seen this through Cathay Pacific’s passenger numbers increased by 693%.
The carrier carried a total of 1,744,374 passengers in July 2023, which is an increase of 693.8% compared to the same period in July 2022.
Passenger load factors rose by 16% to 89.3%, and in the first seven months of this year, the number of passengers increased by 1,622%.
If you add in its subsidiary, HK Express, a low-cost carrier in Hong Kong, the Cathay Group has surpassed more than two million passengers in a month.
Cargo Is Still Strong for Cathay Out of Hong Kong…
On the subject of cargo out of Hong Kong with Cathay Pacific, numbers are also strong, with them mentioning the following in its monthly traffic report:
“The airline carried 115,729 tonnes of cargo last month, an increase of 14.9% compared with July 2022. The month’s cargo revenue tonne kilometres (RFTKs) increased 24.6% year on year.”
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“The cargo load factor decreased by 11.2 percentage points to 59.8%, while capacity, measured in available cargo tonne kilometres (AFTKs), increased by 47.9% year on year.”
“In the first seven months of 2023, the tonnage increased by 22.4% against a 102.5% increase in capacity and a 71.1% increase in RFTKs, as compared with the same period for 2022.”
Overall…
It remains clear that Cathay Pacific is working hard to reinvigorate its presence out of Hong Kong, and things are returning to some form of pre-pandemic normalcy.
Looking ahead, it will be interesting to see what the rest of the carrier’s performance will look like.
With its continued improvements and enhancements, the only route is up for the airline.
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