Cathay Pacific Airways (00293) carried approximately 2.069 million passengers in August, an increase of 15.9% year-on-year.

CATHAY PAC AIR (00293) released data on passenger and freight volume for August 2024, achieving over 2 million passengers for two consecutive months. In August 2024, CATHAY PAC AIR carried approximately 2.069 million passengers, an increase of 15.9% compared to the same month in 2023. Revenue passenger-kilometers for the month increased by 15.9% year-on-year. The passenger load factor decreased by 2.9 percentage points to 85.2%, while available seat kilometers increased by 19.8% annually. In the first eight months of 2024, the number of passengers carried increased by 29.9% to 14.7368 million compared to the same period last year, available seat kilometers increased by 36.1%, and revenue passenger kilometers increased by 29.2%. In August 2024, CATHAY PAC AIR carried 124,200 tons of cargo, an increase of 6.3% compared to the same month last year. Revenue ton-kilometers for cargo decreased by 0.9% year-on-year, with a decrease in cargo load factor of 1.7 percentage points to 57.1%, while available ton kilometers for cargo increased by 2.1% annually. In the first eight months of 2024, the volume of cargo carried increased by 9.8% to 970,500 tons compared to the same period last year, available ton kilometers for cargo increased by 8.8%, and revenue ton kilometers for cargo increased by 3.2%. Vivian Liu, Customer and Commercial Officer, stated: "August is still the traditional peak season for summer travel, continuing the strong passenger demand from July. The monthly passenger volume exceeded 2 million for two consecutive months, reaching nearly 75,000 passengers on August 10, setting a new post-pandemic record for a single day." "In August, leisure travel demand in the Greater Bay Area, including Hong Kong, was strong, mainly focused on short-haul routes. The Ningbo route, which resumed at the beginning of the month, also performed well, with customers mainly coming from the mainland, Hong Kong, and India." "The cargo demand in August remained robust, following the trend of the past few months, with a 6% growth in cargo volume compared to the same period last year. The cargo demand picked up at the end of the month, in line with expectations for the traditional peak season entering the end of the year." "In terms of special transportation arrangements, the 'Cathay - Animal Transport' cargo volume was driven by exports from Southeast Asia and North America, while there was also strong demand for exports from the US for 'Cathay - Medical Supplies Transport.' In the Greater Bay Area, e-commerce-related cargo transportation remains the primary export driver." Cathay completed the repurchase of all the warrants issued to the Hong Kong Special Administrative Region Government in the 2020 capital restructuring plan on September 13 for approximately HK$1.53 billion. Together with the previously distributed HK$2.44 billion in preferred stock dividends, Cathay has paid close to HK$4 billion to the Hong Kong government.