Cathay September volume down 5.8%
Cathay Pacific and sister airline Dragonair saw volume in September fall 5.8 percent compared to the same month in 2008, but it continued a trend in recent months of smaller declines in volume.
The two airlines carried 133,301 tons of cargo and mail during the month, with the airlines' load factor rising 7.9 percentage points to 74.4 percent. Capacity for the month was down 13.6 percent. For the first nine months of the year, tonnage has fallen 12.3 percent against a capacity reduction of 13.9 percent.
'The trend of plummeting yields that began in fourth quarter 2008 and continued through second quarter of 2009 has stopped as volumes have strengthened,' said Titus Diu, Cathay Pacific general manager of cargo sales and marketing. 'We have experienced a gradual improvement in both volume and yield, albeit from a low base. However, it is still too soon to say whether these improvements are the beginning of a sustained recovery.'
Cathay September volume down 5.8%
