Cathay Pacific Airways reported that Cathay Pacific and Dragonair combined carried 123,805 metric tons of cargo and mail in April, down 0.6 percent compared with April 2012.
The monthly cargo and mail load factor dropped by 2.5 percentage points to 60.8 percent. Capacity, measured in available cargo and mail metric ton kilometers, rose by 1.5 percent, while cargo and mail revenue metric ton kilometers declined by 2.4 percent.
In the first four months of 2013, tonnage dropped 1.2 percent year-over-year, while capacity decreased 3.2 percent.
“The air cargo market took a major dip in April 2011 and has remained in the doldrums for two consecutive years — an unprecedented period of time for the markets to remain weak,” said James Woodrow, Cathay Pacific’s general manager of cargo sales and marketing, in a written statement. “While our tonnage last month was almost on a par with the same month in 2012, it was almost 30,000 [metric tons] behind what we achieved in April 2010.”
“With no sign of any sustained pickup, we are continuing to manage freighter capacity in line with demand and increase the overall efficiency of our freighter fleet,” he said.