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Indiaexportnews.com

Cathay, Dragonair July cargo throughput down 8.6pc

  17.08.2011    

Hong Kong's Cathay Pacific Airways announced the combined Cathay and Dragonair traffic figures for July 2011, showing the two airlines handled 140,050 tonnes of cargo and mail in July, an 8.6 per cent decrease year on year with a relative load factor of 66.6 per cent, down 9.4 per cent, according to the Shipping Gazette.
Capacity, measured in available cargo/mail tonne kilometres, rose 4.2 per cent, while cargo and mail tonne kilometres flown shrank 8.6 per cent. For the year to date, tonnage has dropped 5.2 per cent versus a capacity increase of 12.9 per cent.
"The weakness on routes such as Shanghai, Japan and the Middle East continued, but key long-haul routes held up well, as did traffic in Southeast Asia," said Cathay's revenue chief James Tong. "Our premium business remained strong, with both volumes and yield showing growth over 2010."
Said Cathay cargo chief James Woodrow: "There was no real change from the previous month's [June] market situation, with weak demand continuing out of both Hong Kong and mainland China. India routes continued to perform well and the new service to Bengaluru, which launched on the first of August, got off to a solid start."
Mr Woodrow said the airline expects the markets to remain soft through to mid-September. "However, our long-term confidence in Hong Kong as an air freight hub was confirmed by our order for eight new Boeing 777-200 Freighters."



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