Cathay bullish over China prospects

DESPITE recent turbulence Cathay Pacific Cargo says it is positioning itself to capitalise on China’s recovering exports.
Undoubtedly 2009 was a difficult year for Cathay and Hong Kong. The carrier will only talk in broad brushstroke terms. It points out that whilst there was a 20 per cent slump in the first half of last year, demand picked up in the second half of the year and the final numbers showed a -7 per cent fall in tonnage throughput at Hong Kong International Airport compared to 2008.
Last month Cathay and its sister carrier Dragonair, carried a total of 144,000 tonnes of cargo and mail, up 25 per cent on the same month in 2008 when the cargo crisis was at its height. The cargo and mail load factor rose by 15.7 per cent to 78.6 per cent, while capacity for the month was 3.3 per cent down.
“Off this huge base the final numbers look much better than any of us predicted in January a year ago,” said Rupert Hogg, Cathay Pacific’s Director Cargo.
Going forward Cathay says it will increasingly benefit from its proximity to and connections with China.
For the full story read the latest digital edition of Air Cargo News, dated 26 February. To subscribe, click here.

<o:p></o:p>

Share this story
Facebook
Twitter
LinkedIn

Related topics

Latest news

LUG adds Delta Air Lines to Frankfurt client portfolio

By Rachelle Harry

Air cargo handling business LUG has added Delta Air Lines to client portfolio at Frankfurt International Airport. Delta has been…

Read More

Kerry Logistics wins Junzi Corporation award for business ethics

By Rachelle Harry

Kerry Logistics has received the Junzi Corporation Award for Business Ethics from the Hang Seng University of Hong Kong (HSUHK)….

Read More

DB Schenker outlines a challenging year ahead for airfreight

By Damian Brett

DB Schenker’s head of airfreight in the Americas is expecting another challenging year for the industry with flat airfreight rates,…

Read More