News: Cathay Pacific's passenger and cargo traffic both increased in October
CATHAY PAC AIR announced its October operating data, with passenger volume increasing by 21% and cargo volume increasing by 12%. Due to the impact of holidays and exhibitions, leisure travel demand grew, with a load factor of 86%. New direct flights to Long Beach and seasonal flights to Adelaide were launched, and Hong Kong Express opened flights to Sabah. The stock price rose by 0.8% to HKD 11.69, with a year-to-date increase of 40%
CATHAY PAC AIR (0293.HK) announced its October operational data on Monday, reporting that Cathay Pacific and Hong Kong Express carried over 3.2 million passengers last month, an increase of 21% month-on-month; cargo volume exceeded 150,000 tons, growing 12% month-on-month.
Cathay's Customer and Business President, Ronald Lam, stated that the demand for leisure travel from the mainland to Hong Kong and around the world significantly increased in early October, benefiting from multiple holidays such as the National Day Golden Week and the Mid-Autumn Festival. Additionally, several large exhibitions held in Hong Kong attracted inbound travelers from various long-haul markets. The company's passenger load factor in October was over 86%, reaching a recent high for the same month.
Cathay Pacific launched daily direct flights to Changsha this month, as well as seasonal flights to Adelaide, Australia, operating three times a week; Hong Kong Express will commence daily flights to Sabah later this month.
On Tuesday, Cathay's stock opened up 0.8% at HKD 11.69, with its share price rising 40% from its low over the past year
