HONG KONG: Cathay group cargo declines 9% in June

Cathay Pacific Airways and Dragonair combined traffic figures for June show a year-on-year drop in the amount of cargo and mail carried, attributing it to the traditional low season, alongside an increase in passenger numbers.


9% cargo Cathay declines HONGKONG June


Cathay Pacific Airways and Dragonair combined traffic figures for June show a year-on-year drop in the amount of cargo and mail carried, attributing it to the traditional low season, alongside an increase in passenger numbers.

The two airlines carried 134,980 tonnes of cargo and mail in June, a 9.1 per cent decrease compared to the same month last year, while the cargo and mail load factor was down 8.4 percentage points to 67 per cent. 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 Pacific general manager cargo sales & marketing James Woodrow. “The consistently strong demand seen throughout 2010 was certainly not the norm. 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.”