Chinese New Year-led volumes of perishables and e-commerce help Cathay Pacific’s cargo volumes remain buoyant in January with combined Cathay Pacific and Cathay Dragon traffic figures released today showing a 14.2 per cent surge in cargo volumes over the same month in 2017.
Total volume of cargo and mail for January rose to 172,622 tonnes. The cargo and mail load factor rose by 3.5 percentage points to 65.4 per cent. Capacity, measured in available cargo/mail tonne kilometres, was up by 4.6 per cent while cargo and mail revenue tonne kilometres (RTKs) increased by 10.5 per cent.
“Our cargo business got off to a solid start in 2018,” said Cathay Pacific director Commercial and Cargo Ronald Lam. “As expected, airfreight volumes subsided a little after the year-end peak, but overall, markets remained relatively buoyant in January.
“The pre-Chinese New Year rush out of Hong Kong and mainland China was a little softer than anticipated, but this enabled the carriage of more trans-shipment across our network.
“The inbound load factor improved across all route groups, with overall tonnage growing ahead of capacity. In terms of products, the flow of perishables into Asia and e-commerce movements from the region continued to be healthy in the lead up to the Chinese New Year holiday period.