Cathay shrugs off air freight traffic slowdown
Cathay Pacific shrugged off the general slowdown in the global air freight market by reporting a 16.5 percent year-on-year jump in air freight traffic for June to 89,431 tons.
Hong Kong’s flag carrier also increased its cargo capacity by 12.7 percent in June, when measured in available ton-kilometers, resulting in a cargo load factor of 68.3 percent.
“June saw a solid revenue performance on the cargo side of the operation, with demand for exports from the Chinese mainland remaining high despite continuing high fuel costs,” said Ron Mathison, Cathay Pacific director and general manager in charge of cargo.
The rising price of the fuel “continued to weigh heavy against the airline’s improved performance,” Cathay Pacific said.
Cathay shrugs off air freight traffic slowdown
