HONG KONG: Cathay/Dragonair see 13% May cargo decline

Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for May 2011 that show a decrease in the amount of cargo and mail carried. Cathay Pacific and Dragonair carried 138,095 tonnes of cargo and mail last month, a 12.9 per cent decrease compared to the same month last year, while the cargo […]


Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for May 2011 that show a decrease in the amount of cargo and mail carried. Cathay Pacific and Dragonair carried 138,095 tonnes of cargo and mail last month, a 12.9 per cent decrease compared to the same month last year, while the cargo and mail load factor was down 10.9 percentage points to 68.2 per cent. Capacity, measured in available cargo/mail tonne kilometres, was up by 6.1 per cent, while cargo and mail tonne kilometres flown were down by 8.6 per cent. For the year so far, tonnage has dropped by 3.1 per cent compared to a capacity increase of 16.4 per cent. Cathay Pacific general manager cargo sales & marketing James Woodrow said: “In May the market remained quiet and well below the strong May 2010 result when restocking of inventories remained in full swing. Europe was particularly weak and Cathay Pacific reduced Europe capacity to better match the lower level of demand.”