Cathay Pacific records its lowest monthly load factor in October
11/16/2020|4:01:12 PM|Simple Flying

Cathay Pacific had a rough October. For the first time since May, the airline saw a month-on-month capacity decrease between September and October. Although a paltry amount, things are still tough in Hong Kong as emphasized by a shocking fact: October was the airline’s lowest load factor month so far.

The ongoing global health crisis continues to take its toll on Cathay Pacific. Amid an incredible reduction in demand, Cathay Pacific has not been able to capitalize on much of the recovery amid ongoing travel restrictions and quarantine requirements in core markets like Hong Kong and Mainland China.

Cathay Pacific and Cathay Dragon carried 38,541 passengers in October– a 98.6% decrease compared to October of 2019. This led to a monthly load factor of 18.2%– the lowest on record for the airline. Capacity was down 91.6%.

Cathay Pacific also recorded its first month-to-month drop in capacity. In October, the airline operated only 8.4% of planned capacity, which was just under the 9% it flew in September.

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