Monday, May 20, 2024
Cargo remains strong at Cathay Pacific with 12.8% growth in June

Cargo remains strong at Cathay Pacific with 12.8% growth in June

Cargo volumes at Cathay Pacific and Cathay Dragon have remained strong with cargo and mail volumes growing 12.8 per cent in June.

The two airlines carried 170,476 tonnes in June, and revenue tonne kilometres were up by 11.3 per cent to 974,353 million.

Capacity increased by 4.8 per cent in June to 1.4 billion available cargo/mail tonne kilometres, and the load factor was up four percentage points to 68.3 per cent.

The first half of the year has remained strong with 11.5 per cent growth in cargo and mail carried to 965,687 tonnes while load factors have increased four percentage points to 66.2 per cent.

Cathay Pacific general manager cargo commercial, Mark Sutch says: “Our cargo business remained robust throughout June and the overall tonnage was healthy. The new Tel Aviv service has built good airfreight demand and we received an overall boost from shipments of fresh produce, speciality goods, toys and automobile parts between Asia and the United States.”

“Furthermore, our two wet-leased freighters are now operating at full capacity and are generating good revenues on North American routes. Looking ahead, the airfreight market remain strong and this should continue through to the start of the traditional high demand season in September.”

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