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Holidays dampen cargo demand for Cathay Pacific, Dragonair

By control on September 16, 2013

Cathay Pacific Airways and Dragonair had a miniscule increase in cargo tonnage in August compared to the same month in 2012.

The two airlines carried 122,724 tonnes of cargo and mail in August 2013, a 0.3 percent increase year over year.

The cargo and mail load factor fell by 3.2 percentage points to 58.7 percent. Capacity rose by 6.9 percent, while cargo and mail revenue tonne kilometers were up by 1.4 percent. For the year to date, tonnage has fallen by 1.5 percent compared to a 0.3 percent capacity increase.

“There was no real change in the market situation in August, and demand was dampened further by holidays in various destinations across our network,” said Mark Sutch, Cathay Pacific general manager cargo sales and marketing, said. “The Europe and North Asia markets remained particularly soft, though demand on transpacific flights held up reasonably well thanks in part to the shipment of perishables. We took delivery of our 10th Boeing 747-8 freighter last month, which means we are well positioned in terms of capacity for any market upturn in the latter part of the year.”