Cathay sees May cargo jump 14% y-o-y

Cathay Pacific and Dragonair carried 138,448 tonnes of cargo and mail in May, an increase of 13.9 per cent compared to the same month last year.


Cathay sees May cargo jump 14% y-o-y


Cathay Pacific and Dragonair carried 138,448 tonnes of cargo and mail in May, an increase of 13.9 per cent compared to the same month last year. The cargo and mail load factor rose by 1.9 percentage points to 63 per cent. Capacity, measured in available cargo/mail tonne kilometres, rose by 14 per cent while cargo and mail revenue tonne kilometres (RTKs) flown were up by 17.5 per cent. For the year to the end of May, tonnage rose by 7.3 per cent while capacity was up by 10.9 per cent and RTKs increased by 11.3 per cent.

Cathay Pacific general manager cargo sales & marketing Mark Sutch said: “We saw an upswing in demand out of the key Hong Kong and Mainland China markets in May, though the rumours of major product launches failed to materialise.

Demand on the transpacific lanes remained robust, boosted by the beginning of the fruit season out of the US. However, the momentum in Europe continued to be weak and we trimmed back our freighter schedule to the continent accordingly. Intra-Asia demand was generally in line with expectations though exports out of Dhaka continued to be affected by the unrest in Bangladesh.”