Cathay Pacific reports an increase in passengers from 2020, but still far below 2019

Cathay Pacific has released its traffic figures for November 2021 that continued to reflect the airline’s substantial capacity reductions in response to significantly reduced demand as well as travel restrictions and quarantine requirements in place in Hong Kong and other markets amid the ongoing global COVID-19 pandemic.

Cathay Pacific carried a total of 70,047 passengers last month, an increase of 85.2% compared to November 2020, but a 97.3% decrease compared to the pre-pandemic level in November 2019. The month’s revenue passenger kilometers (RPKs) rose 87.1% year-on-year, but were down 96% versus November 2019. Passenger load factor increased by 8.2 percentage points to 26.8%, while capacity, measured in available seat kilometers (ASKs), increased by 29.5%, but remained 88.2% down on November 2019 levels. In the first 11 months of 2021, the number of passengers carried dropped by 86.4% against a 65.1% decrease in capacity and an 82.1% decrease in RPKs, as compared to the same period for 2020.

The airline carried 135,350 tons of cargo last month, an increase of 15.8% compared to November 2020, but a 23.9% decrease compared with the same period in 2019. The month’s cargo revenue tonne kilometers (RFTKs) rose 15.5% year-on-year, but were down 14% compared to November 2019. The cargo load factor increased by 4.3 percentage points to 82.6%, while capacity, measured in available cargo tonne kilometers (AFTKs), was up by 9.5% year-on-year, but was down 28.6% versus November 2019. In the first 11 months of 2021, the tonnage decreased by 1.1% against a 12.5% drop in capacity and a 2.3% decrease in RFTKs, as compared to the same period for 2020.