Cathay’s May freight volumes up 5.3%

Cathay’s May freight volumes up 5.3%    Hong Kong-based Cathay Pacific, poised to take over compatriot airline Dragonair, carried 94,950 tons of cargo in May, up 5.3 percent compared to the same month 2005.
   Cathay’s cargo load factor increased 0.5 points over May 2005 to 67 percent.
   For the year to date, Cathay has moved 476,297 tons of cargo, up 11.2 percent from 428,490 tons moved in the same period 2005. The airline’s cargo load factor for the year has increased 1.8 points to 68.4 percent.
   “Our new uplift record shows we are really packing our planes on long-haul fights out of Hong Kong, in particular on those bound for the East Coast of the U.S. Yet fuel prices remain a major concern with still no sign of a near-term correction,” said Ron Mathison, Cathay Pacific’s director and general manager cargo.