Cathay Pacific Airways released combined Cathay Pacific and Dragonair traffic figures for August 2011 showing what it said was a “significant decline” compared to the same month in 2010.
Cathay Pacific and Dragonair 131,448 tonnes of cargo and mail in August, an 11.8 per cent decrease compared to the same month last year, while the cargo and mail load factor was down 7.8 percentage points to 64.9 per cent. Capacity, measured in available cargo/mail tonne kilometres, was up by 1 per cent, while cargo and mail tonne kilometres flown were down by 9.7 per cent. For the year to date, tonnage has dropped by 6 per cent compared to a capacity increase of 11.2 per cent.
Cathay Pacific general manager Cargo Sales & Marketing James Woodrow said: “The market from Asia to Europe and Transpacific remained weak in August, though intra-Asia continued to perform solidly. Additional freighter frequencies to Australia were added for September due to strong imports driven by the strong Australian dollar. The first half of September overall remained soft as expected, though tonnages should start to gradually improve over the coming weeks.”