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            september 19, 2019

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Busworld 2019

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Cathay cargo falls 9.1 per cent


Cathay Pacific and Dragonair posted a year-on-year drop of 9.1 per cent in cargo and mail carried in June to 134,980 tonnes, while the load factor was down 8.4 percentage points to 67 per cent, according to the Shipping Gazette. 
Capacity, measured in available cargo/mail tonne kilometres, was up by 6.3 per cent, while cargo and mail tonne kilometres flown were down by 5.5 per cent. In the first half of the year, tonnage dropped by 4.1 per cent compared to a capacity increase of 14.6 per cent.
"We saw continued weakness out of our key mainland China and Hong Kong markets in June, but this is traditionally a quieter time of year in the airfreight industry," said Cathay cargo sales manager James Woodrow.
"Our India routes continued to perform well and we will launch a new twice-weekly freighter service to Bengaluru in August to further boost our presence in the subcontinent," he said.
Cathay Pacific and Dragonair carried 2.4 per cent more passengers to 2,269,362 in the same period while the passenger load factor fell 3.9 percentage points to 81.5 per cent.
Said Cathay revenue manager Tom Owen: "Passenger numbers in June showed an increase compared to the same month last year, though load factors in Economy Class fell due to the growth in capacity. Some routes - including Japan, Shanghai and the Middle East - continued to show weakness, though loads on key long-haul routes and within southeast Asia remained high. Demand in our premium cabins continued to show growth over last year, helping to boost yield and revenue efficiency."

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