HONG KONG :Cathay, Dragonair see sharp Aug cargo decline

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


HONG KONG :Cathay, Dragonair see sharp Aug cargo decline

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 uplifted 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 one 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 six 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. Meanwhile, Cathay has said that its expected delivery date for the first of its order of new B747-8Fs would not be impacted by the contract dispute between Boeing and launch customer Cargolux. Last month, on the eve of the handover, the Luxembourg-based allcargo carrier rejected the first two freighters. In a statement the Hong Kong-based carrier said: “We are satisfied that our commercial arrangements with Boeing take account of the known and disclosed specification and performance characteristics of the aircraft.” The second carrier scheduled to take delivery of the new aircraft after Cargolux is Atlas Air Worldwide Holdings, which is due to receive its first B747-7F in October.