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JET FUEL: Cathay Pacific Passenger Traffic Falls in Nov: Platts

JET FUEL
Energy BulletsHong KongBulletAPACCommodities

Cathay Pacific's passenger traffic was largely stable in November at 2.01m passengers, down 0.18% on the month, Platts said.

  • Revenue passenger kilometres rose 25.8% on the year, while its capacity in available seat kilometres rose 21.8% on the year.
  • Passenger load factor in November was up 3 percentage points at 83.5%.
  • Across Jan-Nov, the airline carried 20.58m passengers, up 27% on the year.
  • The Platts FOB Singapore Jet outright price averaged $89.41/b in Nov, up 1,69% on the month.
  • Looking ahead, Cathay Pacific expects demand to reach 100% of pre-pandemic levels by from Jan. 2025.
  • Platts estimates that jet fuel demand will grow by 437k b/d in 2024 and 309k b/d in 2025.
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Cathay Pacific's passenger traffic was largely stable in November at 2.01m passengers, down 0.18% on the month, Platts said.

  • Revenue passenger kilometres rose 25.8% on the year, while its capacity in available seat kilometres rose 21.8% on the year.
  • Passenger load factor in November was up 3 percentage points at 83.5%.
  • Across Jan-Nov, the airline carried 20.58m passengers, up 27% on the year.
  • The Platts FOB Singapore Jet outright price averaged $89.41/b in Nov, up 1,69% on the month.
  • Looking ahead, Cathay Pacific expects demand to reach 100% of pre-pandemic levels by from Jan. 2025.
  • Platts estimates that jet fuel demand will grow by 437k b/d in 2024 and 309k b/d in 2025.