The cargo and mail load factor in January rose 3.1 percentage points to 63 percent. Capacity, measured in available cargo per mail metric ton kilometers, increased 2.4 percent. Cargo and mail revenue metric ton kilometers were up by 7.7 percent.
“Demand was generally quite robust out of our key Hong Kong and mainland China markets in January, though we didn’t see any significant pre-Chinese New Year rush as in previous years,” said James Woodrow, Cathay Pacific general manager of cargo sales and marketing, in a written statement.
“We have reduced our base freighter schedule to Europe in light of the continued weakness in demand on the Asia to Europe lanes,” Woodrow added.