JOC Staff | Dec 17, 2012 1:26PM EST
Hong Kong-based air carrier Cathay Pacific and wholly owned subsidiary Dragonair carried a total of 140,824 metric tons (about 155,231 tons) of cargo and mail in November, an increase of 6.3 percent compared with November 2011, Cathay Pacific Airways has reported.
Capacity, measured in available cargo-mail metric ton kilometers, rose by 5.1 percent, while cargo and mail metric ton kilometers flown rose by 2.8 percent in November.
For the year to date, tonnage was 1.4 million metric tons, falling 6.1 percent against a capacity drop of 3.5 percent.
“While we welcome the recent upturn in demand, we have not seen the kind of sustained year-end peak we saw in previous years and the market outlook continues to be uncertain, particularly from Asia to Europe,” said James Woodrow, Cathay Pacific general manager of cargo sales and marketing.