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Cathay cargo up 12.8pc in June, but passengers down 2.2pc
HONG KONG's Cathay Pacific Airways, combined with Cathay Dragon data, showed a 12.8 per cent year-on-year increase in cargo volume to 170,476 tonnes during the month of June.
The cargo and mail load factor rose four percentage points to 68.3 per cent. Capacity, measured in available cargo/mail tonne kilometres, was up 4.8 per cent while cargo and mail revenue tonne kilometres (RTKs) increased 11.3 per cent.
Cathay declared that in the first six months of 2017, tonnage rose 11.5 per cent against a 2.3 per cent increase in capacity and an 8.9 per cent increase in RTKs.
Said Cathay cargo chief Mark Sutch: "Our cargo business remained robust throughout June and the overall tonnage was healthy."
He said the new Tel Aviv service has built good air freight demand and "we received an overall boost from shipments of fresh produce, speciality goods, toys and automobile parts between Asia and the United States."Mr Sutch said the company's two wet-leased freighters are now operating at full capacity and are generating good revenues on North American routes.
"Looking ahead, the air freight market remain strong and this should continue through to the start of the traditional high demand season in September," he said.
But June also showed a decrease in passengers falling to 2,809,992 passengers, down 2.1 per cent year on year. In the first six months Cathay carried 0.5 per cent fewer passengers while capacity rose by 1.1 per cent.
Said Cathay CEO Rupert Hogg: "Our airlines' performance in the first half continued to be disappointing."
The cargo and mail load factor rose four percentage points to 68.3 per cent. Capacity, measured in available cargo/mail tonne kilometres, was up 4.8 per cent while cargo and mail revenue tonne kilometres (RTKs) increased 11.3 per cent.
Cathay declared that in the first six months of 2017, tonnage rose 11.5 per cent against a 2.3 per cent increase in capacity and an 8.9 per cent increase in RTKs.
Said Cathay cargo chief Mark Sutch: "Our cargo business remained robust throughout June and the overall tonnage was healthy."
He said the new Tel Aviv service has built good air freight demand and "we received an overall boost from shipments of fresh produce, speciality goods, toys and automobile parts between Asia and the United States."Mr Sutch said the company's two wet-leased freighters are now operating at full capacity and are generating good revenues on North American routes.
"Looking ahead, the air freight market remain strong and this should continue through to the start of the traditional high demand season in September," he said.
But June also showed a decrease in passengers falling to 2,809,992 passengers, down 2.1 per cent year on year. In the first six months Cathay carried 0.5 per cent fewer passengers while capacity rose by 1.1 per cent.
Said Cathay CEO Rupert Hogg: "Our airlines' performance in the first half continued to be disappointing."
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