Cathay Pacific combined airfreight volume soars 17.4% in February
Cathay Pacific and Dragonair carried a total of 136,674 tonnes of cargo and mail in February, an increase of 17.4% compared to the same month last year.
The cargo and mail load factor rose by 6.2 percentage points to 64.2%, while capacity, measured in available cargo/mail tonne kilometres, increased by 1.2%.
Cargo and mail revenue tonne kilometres (RTK) increased by 12%. In the first two months of 2017, the tonnage rose by 9.0% against a 0.9% increase in capacity and a 5.9% increase in RTK.
"As expected, the first half of February saw volumes significantly affected by the Chinese New Year holiday. However, trade in the region was quick to rebound from the middle of the month, which was soon followed by a pick-up in long-haul trade, leading to a full recovery by month-end,” said Cathay Pacific general manager Cargo Sales and Marketing Mark Sutch.
He also commented that it was encouraging to see that despite a reduced operating capacity, inbound loads from North America and Europe throughout remained flat.
Sutch said, "Taking into account the changes in the Chinese New Year holiday period this year, we managed solid tonnage growth; a reflection of the overall strengthening of the global air cargo demand. We predict March to be a busy month with more project shipments in the pipeline and the launch of a number of new consumer products.”
Tag Keyword: Cathay Pacific , Dragonair , Airfreight , Trade