Hong Kong-based Cathay Pacific Airways has said passenger and cargo traffic slumped in September due to the general economic downturn and the impact of the terror attacks in the US on September 11.
The number of passengers carried by the airline declined by 12.1 per cent compared to the same month in 2000 to 871,126, and the amount of cargo carried fell 12.2 per cent to 61,420 tonnes, it said in a statement.
Trans-Pacific routes were the worst affected with revenue passenger kilometres (RPKs) falling by 17.6 per cent, it said.
Southeast Asian and Middle East routes were however less affected with RPKs falling a more modest 4.9 per cent. Overall passenger load factor was 68.4 per cent, a fall of 7.3 percentage points.
Passenger yields continued to decline due to the weakness in demand for first and business class travel. This year's trend of falling cargo yields also continued, Cathay Pacific said.
The airline's general manager for network revenue, Ian Shiu, said: "The significant decline in passengers and cargo can be attributed to the general economic slowdown and the impact of the tragic events of September 11."
The airline also said it had temporarily reduced frequencies to five destinations as part of an ongoing review of its network.
The reduction of 14 flights per week represents approximately 3 per cent of the total weekly schedule.
The affected destinations are Bangkok, Denpasar, Jakarta, Kuala Lumpur, and Los Angeles.
TTN is the most established trade publication in the Middle East distributed on a controlled circulation basis to members of the travel and tourism industry.
Published monthly by Al Hilal Publishing and Marketing Group, the region’s foremost trade publisher, TTN is aimed at professionals in the industry, from travel agents to airline and hotel personnel.
TTN provides in-depth and extensive coverage of relevant issues in the Middle East and North Africa as well as in other parts of the world. Travel related news, analysis, and new appointments together with information on up-coming exhibitions, marketing and promotional campaigns are presented in an innovative and striking colour tabloid.
Every issue also contains a collation of international and regional news and topical features of interest to readers.