All Cathay Pacific Articles – Page 3
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News
Fruit and veg exports feed Cathay freight volume
Japanese foodstuff exports to Hong Kong are helping to keep Cathay Cargo freight volumes healthy, reported Cathay Pacific regional head of cargo, Shuichi Ueba.Following the Covid-19 pandemic, the carrier has built up flights at Sapporo, from where it is currently exporting Hokkaido scallops.Elsewhere in the region, Ueba noted that the ...
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Cathay Pacific to buy 777-8 freighters?
Cathay Pacific is reportedly planning to place an order for approximately six Boeing 777-8 freighters.The order is worth around $2bn, said Reuters, citing industry sources.Cathay Pacific, which currently operates 747 freighters - a mixture of -8Fs and -400ERFs, declined to address the order speculation specifically.The airline told Air Cargo News: ...
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Cathay Pacific free of pandemic shackles but still faces demand challenge
Cathay Pacific cargo volumes grew in March compared to a year earlier, thanks to increased capacity.Cargo tonnage in March was up 25.3% compared with March 2022.This increase was attributed to the easing of pandemic aircrew quarantine measures which had "significantly reduced" cargo capacity.The airline has also benefited from increased belly ...
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Cathay Cargo remains positive in its outlook despite mixed signals
Cathay Cargo has reported a "slow climb" in demand following the Lunar New Year but is hopeful of a pickup in the second and third quarters despite conflicting signals.Cathay Pacific vice president cargo Americas Fred Ruggiero said that the year started quietly after a slow return to work on the ...
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News
Cathay's February cargo tonnage up as capacity is added
Cathay Pacific saw increased cargo tonnage in February due to a recovery in capacity with more expected in the coming weeks.The airline carried 103,932 tonnes of cargo last month, an increase of 59.6% compared with February 2022, when capacity was hindered by crew quarantine restrictions.February's cargo revenue tonne kilometres (RFTKs) ...
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Cathay Cargo sees revenues weaken in 2022
Cathay Pacific saw its cargo revenues decline by double-digit percentage levels last year as Covid restrictions affected operations.The airline reported a 16.6% fall in cargo revenues to HK$26.9bn in 2022 while cargo revenue tonne kms (CRTK) fell 29.8% year on year to 5.7bn and capacity was down 19% to 8.2bn ...
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InsightsAsia-Europe air cargo market still in recovery
The Asia-Europe trade lane has been buffeted by weakening demand and the outbreak of war in Ukraine over the last 12 months but there are some opportunities to be found.Air cargo capacity on the Asia-Europe route increased marginally (+3%) from the fourth quarter of 2021 to fourth quarter of 2022, ...
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Cathay Pacific cargo faces flat demand but belly bolsters business
Cathay Pacific reported underwhelming cargo figures for December 2022 as a result of overall "flat market demand", but increased passenger flights are providing a boost for belly capacity.The airline said it carried 106,471 tonnes of cargo last month, a decrease of 21% compared with December 2021, and a 40% decrease ...
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Ethiopian the latest to increase China flights
Ethiopian Airlines has become the latest carrier to add bellyhold capacity to the China market following the easing of Covid restrictions.The carrier said that the frequency of flights will increase starting on February 6 and return to pre-Covid levels on March 1.Starting on February 6, Ethiopian Airlines will operate daily ...
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Cathay Pacific set for belly cargo boost as China eases Covid rules
Cathay Pacific will more than double its flights to the Chinese mainland and increase its belly capacity as China has eased pandemic restrictions.Effective January 8, China's government has authorised flights from Hong Kong and Macao International Airports with passenger load restriction and quarantine lifted.The government is expected to authorise Chinese ...
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News
Belly to bolster Cathay cargo business in 2023
Cathay Pacific Cargo customers will benefit from the return of belly capacity but the air cargo market must still grapple with China's unstable supply chains going into 2023.This is the expectation of George Edmunds, general manager cargo commercial at Cathay Pacific Cargo, in a year-end round-up of how the air ...
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Cathay Pacific hungry for freighters
Cathay Pacific is in talks to acquire more freighters to expand its air cargo capacity.Chief customer and commercial officer Ronald Lam said that the airline is in active discussion with OEMs (original equipment manufacturers).The plans concern acquisitions post-2025, but Lam did not say how many aircraft were being discussed.Speaking during ...
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Covid restrictions continue to impact Cathay Pacific's cargo volumes
Pandemic containment measures in China have continued to impact Cathay Pacific's cargo volumes while European network expansion has softened the blow.Although travel restrictions and quarantine requirements have now eased in Hong Kong, it is still impacted by China's Covid policy.Chief customer and commercial officer Ronald Lam said: “In terms of ...
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NewsCathay Pacific and Unilode extend ULD management partnership
Babak Yazdani, Chief Operating Officer, Unilode; Tom Owen, Director Cargo, Cathay Pacific; Ross Marino, Chief Executive Officer, Unilode; Frosti Lau, General Manager Cargo Service Delivery, Cathay Pacific (from left to right)Cathay Pacific and Unilode Aviation Solutions have renewed their full-service unit load device (ULD) management agreement until 2027.Hong Kong based ...
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Cathay Pacific remains positive on cargo despite latest decline
Cathay Pacific remains positive about the upcoming cargo peak season despite registering another downturn in volumes in September and a reduction in cargo-only flights.The Hong Kong-hubbed airline reported a 20.6% year-on-year decline in cargo carried to 104,055 tonnes during September while the cargo load factor stood at 66.4% - a ...
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Cathay Pacific claws back capacity amid flat demand
Cathay Pacific has continued to benefit from the easing of quarantine restrictions in Hong Kong and the return of its full freighter schedule but suffered from flat demand during the summer.Overall figures reflected a challenging market, but the airline operated 59% of its pre-pandemic cargo flight capacity in August, said ...
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Cathay Pacific prepares for muted cargo peak season
Cathay Pacific has added cargo capacity and has been in close dialogue with suppliers as it prepares for what is expected to be a muted peak season.The Hong Kong-based airline said it has been adding extra passenger flights, cargo-only capacity and has ramped up freighter operations ahead of the peak.General ...
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Cathay Pacific Cargo introduces carbon-offset programme
Cathay Pacific has extended its carbon-offset programme to Cathay Pacific Cargo to help it achieve its ambition of net-zero carbon emissions by 2050.The Fly Greener carbon-offset programme is powered by an integrated carbon emissions calculator.The carbon emissions calculator works out the carbon emissions of shipments and the cost to offset ...
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New cargo terminal opens for business at Zhengzhou Xinzheng International
A new cargo terminal at Zhengzhou Xinzheng International Airport has begun to receive shipments as it prepares for full opening.Freight forwarder Dimerco Express said that it had worked with Cathay Pacific on its first flight for the new Zhengzhou North Cargo Terminal at the Henan Province hub.The 160,000 sq m ...
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Cathay Pacific Cargo predicts muted peak season
Cathay Pacific Cargo is expecting a muted peak season while it continues to add passenger flights and faces cross-border trucking issues.Updating on current market conditions, Cathay Pacific head of cargo sales for Hong Kong and the Greater Bay Area (GBA) Frank Yau said that demand out of Shanghai was expected ...