Cathay sees buoyant demand out of HK, China

Cathay Pacific Airways released combined Cathay Pacific and Dragonair traffic figures for October 2014 that show an increase in both the volume of cargo and mail uplifted and passenger numbers compared to the same month last year.


Cathay sees buoyant demand out of HK China


Cathay Pacific Airways released combined Cathay Pacific and Dragonair traffic figures for October 2014 that show an increase in both the volume of cargo and mail uplifted and passenger numbers compared to the same month last year. The two carriers uplifted a total of 156,590 tonnes of cargo and mail last month, an increase of 14 per cent compared to October last year.

The cargo and mail load factor rose by 3.5 percentage points to 65.1 per cent. Capacity, measured in available cargo/ mail tonne kilometres, rose by 12.3 per cent while cargo and mail revenue tonne kilometres (RTKs) flown were up by 18.7 per cent. For the year to the end of October, tonnage rose by 11.9 per cent while capacity was up 11.4 per cent and RTKs increased by 15 per cent.

Cathay Pacific GM Cargo Sales & Marketing Mark Sutch said: “The airfreight markets remained buoyant in October and we saw a continued surge in demand out of Hong Kong and Mainland China, which was still being driven by shipments of consumer IT products.

North America remains the focus of our business and we strengthened our network further last month with the launch of a new freighter service to Calgary and increased frequencies into Mexico. Intra-Asia freight is an increasingly important part of our business and we will launch a new twice-weekly service to Phnom Penh this month to capture more of the demand.”