Cathay May cargo up 11.5% to 161,743 tonnes in healthier market
Cathay Pacific and Cathay Dragon posted an 11.5% year on year cargo increase in May to 161,743 tonnes.
The cargo and mail load factor rose by 4.1 percentage points to 66.3%.
Capacity, measured in available cargo/mail tonne kilometres, was up 1.2% while cargo and mail revenue tonne kilometres (RTKs) increased by 8%. In the first 5 months of 2017, the tonnage rose by 11.3% against a 1.8% increase in capacity and an 8.4% increase in RTKs.
"Our cargo business continued to show strong year-on-year growth in May. While the market slowed down during the local Labour Day and Japan's Golden Week holidays, it promptly rebounded on all routes, especially those serving northeast and southeast Asia, said Cathay cargo chief Mark Sutch."
He said that "To take advantage of market conditions, we have bolstered our freighter fleet by wet-leasing two Boeing 747-8 freighters from Atlas Air Worldwide, which will supplement capacity on our existing network, including destinations in the United States and Europe.”
Cathay Pacific and Cathay Dragon carried a total of 2,849,475 passengers last month ?a decrease of 0.5% compared to May 2016. The passenger load factor grew by 0.2 percentage points to 84.2%, while capacity, measured in available seat kilometres (ASKs), increased by 1.5%.
Tag Keyword: Cathay Pacific , Cathay Dragon , Air Cargo