Cathay Pacific’s Cargo Volume Dropped in May

Cathay Pacific’s Cargo Volume Dropped in May

Cathay Pacific Airways reported that Cathay Pacific and Dragonair combined carried 121,529 metric tons of cargo and mail in May, down 1.5 percent year-over-year.

The monthly cargo and mail load factor dropped by 1.2 percentage points to 61.1 percent. Capacity, measured in available cargo and mail metric ton kilometers, slid 0.1 percent, while cargo and mail revenue metric ton kilometers decreased 2 percent.

In the first five months of 2013, tonnage fell 1.2 percent versus 2.6 percent capacity decrease.

“There was no change in the overall situation in the world’s major air freight markets in May,” said James Woodrow, Cathay Pacific’s general manager of cargo sales and marketing, in a written statement. “Demand out of our two main markets, Hong Kong and mainland China, remained well below expectations, particularly on the European trade lanes, so we continued to pare back our freighter schedule accordingly.”

“Demand to North America was more robust,” Woodrow continued. “Return volumes on trans-Pacific flights were helped by the beginning of the cherry season out of California.”