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[Travel News]: Cathay Pacific releases traffic figures for November 2020

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The following is the [Travel News]: Cathay Pacific releases traffic figures for November 2020 from [HKEXnews] recommended by TheTourAttraction.com:

In the first 11 months of 2020, the number of passengers carried by Cathay Pacific and Cathay Dragon dropped by 85.8% against a 77.7% decrease in capacity and an 83.8% decrease in RPKs, as compared to the same period for 2019.

Cathay Pacific today released its traffic figures for November 2020 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 37,815 passengers last month, a decrease of 98.6% compared to November 2019. The month’s revenue passenger kilometres (RPKs) fell 97.9% year-on-year. Passenger load factor dropped by 61.5 percentage points to 18.5%, while capacity, measured in available seat kilometres (ASKs), decreased by 90.9%. In the first 11 months of 2020, the number of passengers carried by Cathay Pacific and Cathay Dragon dropped by 85.8% against a 77.7% decrease in capacity and an 83.8% decrease in RPKs, as compared to the same period for 2019.

Cathay Pacific Group Chief Customer and Commercial Officer Ronald Lam said: “We are still not seeing any meaningful improvement in our passenger business. On average, we carried just 1,261 passengers per day and load factor remained low at 18.5% – both marginal increases over October.

“While we saw reasonably good traffic coming back to Hong Kong from Canada and Australia, this was prior to the implementation of new government quarantine requirements in the middle of the month. Meanwhile, overall demand on long-haul routes, particularly the UK and continental Europe, remained weak owing to the ongoing impact of COVID-19 in many European countries.”

“Regionally, certain markets performed slightly better. The uptick in traffic to and from Indonesia that we had been seeing in October continued into November. Demand from the Chinese mainland for flights to Japan was also promising with it being particularly noticeable on our newly resumed Osaka flights. And while the postponement of our Hong Kong-Singapore Air Travel Bubble (ATB) flights was disappointing, we fully support the decision of the authorities and have resumed our previous schedule of three non-ATB flights per week to and from Singapore until the end of December.”

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