Cathay air freight volume up 13%
Cathay Pacific Airways and sister airline Dragonair saw air cargo volume rise 13.1 percent in August to 149,009 tons during the month.
The airlines' load factor increased 0.7 percent to 72.7 percent, while capacity rose 24.5 percent. For the year, tonnage has grown 22 percent compared to a capacity increase of 11.1 percent.
“Our cargo traffic in August was not quite as strong as the previous month in terms of volume, and our tonnage growth was some way behind capacity growth,' said James Woodrow, Cathay Pacific general manager of cargo sales and marketing. 'However, business was still solid for what is traditionally a quiet month for air freight, and yields in the market remained buoyant. We are now preparing for an expected pickup in the last quarter by strengthening some of our scheduled freighter frequencies on transpacific and European routes.'
Cathay air freight volume up 13%
