Cathay Pacific Group cargo increased in October

Cathay Pacific Group saw cargo increase 6.5% in October compared to the same month last year. Together Cathay Pacific and Cathay Dragon carried 192,522 tonnes of cargo and mail, a load factor increase of 1.1% percentage points to 70.4%.
Capacity, measured in available freight tonne kilometres (ATFKs), was increased by 3.8% while cargo and mail revenue freight tonne kilometres (RFTKs) increased by 5.4%.
In the first ten months of 2018, the tonnage rose by 6.4% against a 3.1% increase in capacity and a 6% increase in RFTKs.
Cathay Pacific Director Commercial and Cargo Ronald Lam said: “Overall cargo revenue performed very well during the month, with revenue growth well ahead of capacity growth. Demand was strong across the network, especially for new consumer products.
“A number of stations across southeast Asia, northeast Asia and the Indian sub-continent established new cargo revenue records. We expect the momentum to carry over into November, although we continue to closely monitor external factors that are having an impact on global trade flows.”

Read more airline cargo news

Click here for a free digital subscription

Share this story

Related Topics

Latest airlines news

Is the freighter market facing a bubble?

By Damian Brett

During a debate at the World Cargo Summit the question was raised as to whether the freighter market was becoming…

Read More

Share this story

Qatar Airways Cargo adds Malaysia capacity via a preighter

By Rebecca Jeffrey

Qatar Airways Cargo said it will bring cargo capacity back to Penang, Malaysia from February 2 by operating an Airbus…

Read More

Share this story

Etihad Cargo mulls B777 freighter conversions

By Damian Brett

Etihad Cargo is considering converting some of its B777 passenger aircraft into freighters. Speaking to Air Cargo News on the…

Read More

Share this story