Cathay Pacific Airways reported that Cathay Pacific and its subsidiary Cathay Dragon carried a total of 2,681,050 passengers in February 2017, a decrease of 2.4% year over year. The passenger load factor increased 1.0 point to 83.4%, while capacity, measured in available seat kilometres (ASKs), dropped by 3.0%. In the first two months of 2017, the number of passenger carried grew by 0.1% while capacity declined by 0.8%.

The two airline s carried 137,674 tonnes of cargo and mail last month, an increase of 17.4% compared to February 2016. The cargo and mail load factor rose by 6.2 percentage points to 64.2%. Capacity, measured in available cargo/mail tonne kilometres, was up by 1.2% while cargo and mail revenue tonne kilometres (RTKs) increased by 12.0%. In the first two months of 2017, the tonnage rose by 9.0% against a 0.9% increase in capacity and a 5.9% increase in RTKs.

Cathay Pacific announced its new business direction at the Leadership Conference held on 18th of January 2017. The company recapped on its business context, the challenges and opportunities and then focused on its plans for the future.  At the same time, the company also announced to reduce some jobs as a result of the strategy.

Cathay Pacific General Manager Revenue Management Patricia Hwang said: “Traffic figures for February are subject to some distortion when compared to the same month in 2016 due to the earlier start to this year’s Chinese New Year period. Demand dropped following the peak holiday season, with North American routes in particular showing continued weakness. Pressure on yield remains, a result of sustained competition and continuing economic uncertainty.”

Cathay Pacific now operates a fleet of 146 aircraft, including 21 freighters. Its subsidiary Cathay Dragon operates a fleet of 44 aircraft.

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