|
Cathay tonnage dips as capacity, fuel eat into volume
POSTED: 9:30 a.m. EDT, June 13,2007
Cathay Pacific Airways today released traffic figures for May that shows cargo carried lagging behind the increase in capacity.
The amount of cargo carried by Cathay Pacific and Dragonair last month was 127,653 tonnes - a rise of 1.5 percent over May 2006.
Capacity for the month, measured in available cargo-mail tonne kilometres, was up 4.2 percent while the cargo load factor was down by 2.2percentage points to 65.9 percent.
For the first five months of 2007, the tonnage carried dipped by 0.8 percent against the same period last year while capacity was up by 3.9 percent.
Cathay Pacific director and general manager cargo Ron Mathison said: ＾Air cargo is facing increasing competition from ocean cargo as a result of higher jet fuel prices.
＾At the same time, freight rates are under pressure due to the influx of the region. Demand, however, is still growing strongly out of Mainland China and into the Indian subcontinent and we remain confident about the long-term growth prospects in Asia.￣ |
|
RELATED