Cathay Pacific’s cargo revenue swells despite decreased capacity
Cargo mitigates extent of group’s net loss during crisis
Hong Kong-based Cathay Pacific Group reported cargo revenue up 17.1% year on year to $3.59 billion (HK$27.89 billion) for the full year 2020, in spite of a significant drop in cargo traffic compared to the previous year. Lower cargo traffic, which decreased 26.5% to 8.3 billion revenue freight tonne kilometers (RFTKs), reflects the capacity dislocation […]
