Cathay Pacific Cargo Traffic Falls 17.6 Percent

Cargo transported by Cathay Pacific and sister carrier Dragonair in January plunged 17.6 percent year-over-year and 26 percent from December.

“The cargo markets were generally soft throughout January and were particularly weak during the holiday and post-holiday period as factories in mainland China ceased operations,” said James Woodrow, general manager of cargo sales and marketing.

The carriers’ cargo and mail load factor contracted by 7.9 percentage points to 59.9 percent despite a capacity cut of 6.7 percent.

-- Contact Mike King at michael@borderline.eu.com