Cathay’s October cargo drops 17.5%

Combined Cathay Pacific and Dragonair traffic figures for October 2011 show a continuation of declining cargo and mail tonnage, year-on-year.


Cathay Cargo Cathay Pacific Dragonair October Traffic figures


Combined Cathay Pacific and Dragonair traffic figures for October 2011 show a continuation of declining cargo and mail tonnage, year-on-year. The two carriers uplifted 135,998 tonnes of cargo and mail in October, a year-on-year drop of 17.5 per cent.

 

The cargo and mail load factor was down by 8.9 percentage points to 66.2 per cent while capacity, measured in available cargo/mail tonne kilometres, fell by 4.7 per cent and cargo and mail tonne kilometres flown were down by 15.9 per cent. For the year to date, tonnage has dropped by 7.7 per cent while capacity is up by 8.1 per cent.

“The airfreight industry remained weak overall in October, with our key Hong Kong and China markets continuing to be soft,” Cathay Pacific general manager Cargo Sales & Marketing James Woodrow said.

“It looks unlikely that we will see the usual year-end peak. We continue to look for opportunities in new markets. The recently launched freighter services to Bengaluru, Chongqing and Chengdu have been well received and on 15 November we are launching a twice-weekly service to Zaragoza – our first time to fly to Spain.”