Cathay volume down in February

Cathay volume down in February    Cathay Pacific said its February air freight volume dropped 2.3 percent due to weak demand around the Lunar New Year.
   The airline, and sister airline Dragonair, carried 116,998 tons during the month while their load factor receded 9.5 percent to 67.6 percent. Capacity increased 17.8 percent during the month.
   'Demand out of the key Hong Kong and China markets was generally quite weak during and immediately after the Chinese New Year holidays in early February, with a number of factories in the Mainland staying closed for a longer period than usual,' said James Woodrow, Cathay Pacific general manager of cargo sales and marketing. 'We saw some pick-up later in the month, though there was no significant month-end rush. We managed our capacity in line with demand, canceling a number of freighter services on long-haul trunk routes.'