Cathay Pacific Airways Thursday released combined Cathay Pacific and Dragonair traffic figures for January 2009 that show an increase in the number of passengers together with another substantial fall in cargo and mail tonnage.
It is partly as a result of the Chinese New Year peak period, according the Cathay Pacific in a statement.
In January, the two airlines carried a total of 2,092,669 passengers - a rise of 2.4 percent on the same month in 2008, while the load factor fell by 2.8 percent to 79.5 percent.
The two airlines carried a total of 101,154 tons of cargo and mail last month, down 26 percent on January 2008, while capacity fell by 15.9 percent.
Cathay Pacific general manager revenue management Tom Owen said, "Our passenger numbers grew in January, a result of the Chinese News Year peak falling one month earlier than in 2008, promotional activities, as well as more capacity being available to sell. The continuing slump in premium cabin demand was partially offset by a stronger leisure performance from the Chinese mainland and southeast Asia."
"The outlook for premium-cabin demand remains very weak, and the Economy cabin is challenged by intensifying yield pressures." added Owen.
Titus Diu, general manager cargo sales and marketing, said that the slump in the global airfreight market continued in January, resulting in a big drop in the cargo and mail tonnage.
"Output from the Pearl and Yangtze River deltas continued to fall and there was no pre-Chinese New Year rush this year to spur the market in Hong Kong," said Diu.