Hong Kong's Cathay Pacific Airways and Dragonair posted a 1.4 per cent drop in January cargo volume year on year to 130,955 tonnes, but a 9.3 per cent increase in passengers to 2,544,259 seats, according to Shipping Gazette.
The cargo and mail load factor fell 2.5 percentage points to 60.5 per cent. Capacity, measured in available cargo/mail tonne kilometres, increased 8.3 per cent while cargo and mail revenue tonne kilometres flown were up four per cent.
"Markets softened after the pre-Christmas peak and we didn't see any surge prior to Chinese New Year, though there were healthy imports of seafood and other perishable items into Greater China and North Asia in advance of the holidays," said Cathay cargo chief Mark Sutch.
"Demand fizzled out as the long holiday began in mainland China and factories closed in other manufacturing centres in the region. We expect the pickup in February to be slow," he said.
-
Company DirectoryFreight RateExport RateAgency PartnershipCargo Leads