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Cathay Pacific reports rise in cargo

By Staff Reports on December 20, 2013

Cargo tonnage was up at Cathay Pacific and sister carrier Dragonair during November compared to November 2012.

The two airlines carried 147,450 tonnes of cargo and mail last month, an increase of 4.7 percent compared to November 2012. The cargo and mail load factor fell by 0.2 percentage points to 63.7 percent.

Capacity, measured in available cargo/mail tonne kilometers, increased by 8.5 percent while cargo and mail revenue tonne kilometers flown were up by 8.1 percent. For the year to date, tonnage has fallen by 1.1 percent while capacity has shown a 1.7 percent increase.

“The increase in volumes that began in late October continued to gain momentum in November and we ramped up capacity on key long-haul routes accordingly,” said Mark Sutch, Cathay Pacific general manger cargo sales and marketing. “The surge in traffic was driven by hi-tech consumer goods being shipped out Mainland China and other major manufacturing centres in Asia. Demand was especially robust on transpacific routes and the momentum was maintained through to the Thanksgiving holiday at the end of the month.”