Cathay Pacific Cargo Tonnage Rises for Second Month

Cathay Pacific Cargo Tonnage Rises for Second Month

Cathay Pacific Airways saw cargo tonnage increase for the second month in a row during October.

Combined Cathay Pacific and Dragonair mail and cargo traffic rose 1.9 percent year-on-year to 138,608 metric tons in October, also up on the 134,584 metric tons carried in September.

However, Cathay’s load factor fell by 2.2 percentage points to 64 percent last month, while cargo and mail tonne kilometers flown dropped by 2.8 percent.

In the year through October tonnage has declined by 7.3 percent against a capacity drop of 4.3 percent.

James Woodrow. Cathay Pacific General Manager for Cargo Sales & Marketing, said the uptick in demand in October was driven by the launch of a number of new high-tech consumer products out of key manufacturing centers in Asia.

“Following a lull in demand over the long National Day holiday period in Mainland China, we were therefore able to operate close to a full freighter schedule by the end of the month,” he added. “However, in the longer term, demand from Asia to Europe will continue to be affected by the economic fragility in a number of Euro-zone countries.”