HONG KONG: Cathay Pacific’s April cargo volumes down 8.4%

Cathay Pacific Airways and Dragonair said their combined cargo volumes fell 8.4 per cent in April on weaker demand from major manufacturing areas of China. Cathay, the world’s largest international air-cargo carrier and its regional partner Dragonair moved 139,944 tonnes of cargo and mail in April, taking total volume for the first four months to […]


Cathay Pacific Airways and Dragonair said their combined cargo volumes fell 8.4 per cent in April on weaker demand from major manufacturing areas of China. Cathay, the world’s largest international air-cargo carrier and its regional partner Dragonair moved 139,944 tonnes of cargo and mail in April, taking total volume for the first four months to 562,805 tonnes, down 0.3 per cent from the same period last year. The cargo and mail load factor was down 11 percentage points to 68.3 per cent. Capacity, measured in available cargo/mail tonne kilometres, was up by 13.4 per cent, while cargo and mail tonne kilometres flown were down by 2.3 per cent. For the year so far, tonnage has dropped by 0.3 per cent compared to a capacity increase of 19.4 per cent. The key Hong Kong market remained soft in April, while demand out of major manufacturing areas in China weakened further, particularly to Europe, according to Cargo Sales & Marketing general manager, James Woodrow. “We reduced our freighter services on long-haul trunk routes in line with demand last month and will do the same in May as the markets stay quiet,” he added. This outbound weakness was partly offset by the growing robustness of imports from Europe to Asia on the back of the weak euro.