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The two airlines’ monthly cargo load factor fell 1 percentage point year-on-year to 68.8 percent while capacity, measured in available cargo and mail ton kilometers, increased 8.3 percent.
For the year to date, the combined cargo tonnage has grown 3 percent to 1.34 million tons against a capacity rise of 6.9 percent.
“October saw another healthy tonnage growth, boosted once again by demand out of Mainland China and heavy traffic on routes such as Australia and India. As we moved into the seasonal peak there were indications that we could see a big pickup in demand, though Northeast Asia remains a concern with yields still under considerable pressure,” said Ron Mathison, Cathay Pacific’s director and general manager cargo.
