India the bright spot as Cathay cargo stands still

Cathay Pacific and Dragonair carried 145,102 tonnes of cargo and mail in May, a decrease of 1.3% compared to the same month last year. However, load factor rose by 0.1 percentage points to 62.2% as capacity fell by 4.8% while cargo and mail revenue tonne kilometres (RTKs) fell by only 4.6%. In the first five months of 2016, the tonnage carried fell by 1.7% against a 0.3% increase in capacity and a 3.7% drop in RTKs.
General manager cargo sales and marketing Mark Sutch said: “May saw a further stabilisation in the tonnage being shipped out of some of our key markets, in particular mainland China, northeast Asia and the southwest Pacific.” He added that as in previous months, “demand into India remained robust and we have increased capacity into the region to cater for this accordingly. The freightage yield, however, has continued to remain under intense pressure in what continues to be a challenging and capacity rich air cargo environment.”