Cathay Group reports growth in passenger and cargo traffic for January

“Following the Christmas and New Year holidays, Cathay Pacific witnessed a resurgence in business travel demand leading to a solid load factor in the premium cabins," Lau said. She also noted increased demand from Hong Kong and mainland China during the Lunar New Year holiday.

Cathay Cargo saw an increase of 13.7% in cargo carried compared to last year, with Available Freight Tonne Kilometres (AFTKs) up by 14.7%. However, its load factor decreased by 2.5 percentage points.

“Cargo got off to a slower start after the New Year holidays but demand gradually picked up pace as we approached the traditional pre-Lunar New Year rush," Lau mentioned regarding cargo operations.

HK Express achieved record numbers with over 667,000 passengers in January, marking an increase of 46.1% from January last year. The airline also expanded its network with new routes and increased flight frequencies during this period.

“In addition to carrying a record number of passengers and expanding its network in January," Lau added about HK Express's performance.

The group aims to reach more destinations worldwide this year with upcoming route announcements expected soon.