Cathay Pacific Group today released combined Cathay Pacific and Cathay Dragon cargo figures for October 2018 showing a 6.5 per cent growth in cargo volumes but warned of the impact of trade tensions between the US and China.
The two airlines carried 192,522 tonnes of cargo and mail last month, an increase of 6.5 per cent compared to the same month last year. The cargo and mail load factor rose by 1.1 percentage points to 70.4 per cent.
Capacity, measured in available freight tonne kilometres (AFTKs), was increased by 3.8 per cent while cargo and mail revenue freight tonne kilometres (RFTKs) increased by 5.4 per cent.
In the first ten months of 2018, the tonnage rose by 6.4 per cent against a 3.1 per cent increase in capacity and a 6.0 per cent increase in RFTKs.
Cathay Pacific director commercial and cargo Ronald Lam says: “Overall cargo revenue performed very well during the month, with revenue growth well ahead of capacity growth. Demand was strong across the network, especially for new consumer products.
“A number of stations across Southeast Asia, Northeast Asia and the Indian sub- continent established new cargo revenue records. We expect this momentum to carry over into November, although we continue to closely monitor external factors that are having an impact on global trade flows.”