Cathay-Dragonair handle 0.8pc more cargo in February - 117,880 tonnes
2012 03 13
- Details
CATHAY Pacific Airways has announced the combined cargo throughput of Cathay Pacific and Dragonair in February was up 0.8 per cent to 117,800 tonnes year on year.
But the cargo and mail load factor was down by 1.8 percentage points to 65.8 peer cent. Capacity in available cargo/mail tonne kilometres rose 4.7 per cent, while cargo and mail tonne kilometres flown increased two per cent. For the year to date, tonnage has declined 10.4 per cent while capacity has shrunk 1.6 per cent.
Cathay Pacific general manager cargo sales & marketing James Woodrow said: "On the surface the February cargo figures look reasonably okay, but comparisons with 2011 are distorted because of the Chinese New Year effect. Our key markets remained soft, with weak demand to Europe in particular out of Hong Kong and Shanghai. We continued to manage capacity in line with demand, which helped to keep load factors reasonably stable. At the end of February, demand out of Hong Kong and mainland China did improve due to large project shipments."
Source Shipping Gazette - Daily Shipping News
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