Cathay Pacific cargo remains depressed in April 2012

Effect of general air cargo market remaining soft

April 2012 capacity cargo tonnage Cathay Pacific Dragonair James Woodrow softened demand Traffic figures

Cathay Pacific Airways released combined Cathay Pacific and Dragonair traffic figures for April 2012. While there has been a drop in cargo and mail tonnage, passenger numbers have grown year on year.

The two airlines carried 124,531 tonnes of cargo and mail in April, a drop of 11.0 per cent compared to April 2011. The cargo and mail load factor was down by 5.0 percentage points to 63.3 per cent. Capacity decreased by 6.8 per cent, while cargo and mail tonne kilometres flown dropped by 13.7 per cent. For the first four months, tonnage has declined by 10.7 per cent against a capacity drop of 3.3 per cent, leading James Woodrow, general manager cargo sales and marketing to comment that “demand softened out of our key markets in April and the general air cargo market remains soft, especially to Europe, though intra-Asia traffic is holding up better”.