Cathay keeping its eye on growth after a soft start to 2019

Frank Yau

Cathay Pacific Cargo saw a softer start to 2019 after a record-breaking 2018 but is seeing market demand “picking up gradually” after the Chinese New Year.

Frank Yau, head of cargo sales at the Hong Kong-based carrier, writing in the Cargo Clan magazine, also announced the introduction from March of “a new structure” for his team that aims to be “more customer-centric, agile, and resilient,” although no further details were available.

Wrote Yau: “Cathay Pacific had a record-breaking year in 2018 and in February, we announced that we expect a HK$2.3bn profit, a positive result that reflects the record year for cargo.

“The cargo market has had a softer start to 2019 in comparison to last January. We carried 166,735 tonnes of cargo and mail in January, a decrease of 3.4% on 2018 figures.

“The market demand is picking up gradually after the Chinese New Year, and we will continue to monitor the developments. By working closely with our business partners and being more responsive to the market, we expect our business will be back on the growth trend again.”

Yau continued: “We are of course keeping an eye on developments in international trade and resolutions to the Brexit issue, but our key focus remains on our three key differentiators – expertise, quality and innovation. Although the market is less certain in the short run, we remain confident in the medium and long term.” 

Share this story

Related Topics

Latest asia news

Nippon Cargo Airlines renews freighter deal with Atlas Air

Nippon Cargo Airlines (NCA) and Atlas Air Worldwide have extended their Boeing 747 freighter partnership covering flights on the transpacific….

Read More

Share this story

E-commerce continues to drive up Cathay’s cargo volumes

Cathay Pacific’s year-on-year cargo volumes were up 7.4% in April, once again due to strong e-commerce demand. The airline carried…

Read More

Share this story

Supply chains brace for new US-China tariff war

Cargo volumes and supply chain costs for China-US services could come under pressure after US president Joe Biden announced a…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.