Christmas is changing the tide for Cathay Pacific Airways. September has seen “some pick-ups (in cargo volume) due to demand for seasonal Christmas cargo”, according to Ivan Chu, Cathay’s chief operating officer. The rise has come for the first time in 18 months though the volume is still below the peak levels of 2010.
The carrier moved 2.4 per cent more cargo in September from the same month last year but tonnage decreased by 8.3 per cent for the first nine months. Cathay has started using new, fuel-efficient B747-800F planes as a result of which cargo operating yield has improved from the first half of this year.