Cathay Pacific boosted in July by Japan and Americas freight growth

Cathay Pacific Group has reported that its two airlines Cathay Pacific Airways and Cathay Dragon combined processed 184,935 tonnes of cargo and mail last month an increase of 2.9 per cent compared to the same month last year.

The cargo and mail load factor for the two airlines combined rose by 1.6 percentage points to 70.3 per cent in July.

Capacity, measured in available freight tonne kilometres (AFTKs), was down by 0.3 per cent while cargo and mail revenue freight tonne kilometres (RFTKs) increased by 2.1 per cent.

In the first seven months of 2018, tonnage rose by 6.8 per cent with 1.2 million tonnes processed in the period against a 3.4 per cent increase in capacity and a 6.4 per cent increase in RFTKs.

Cathay Pacific director for commercial and cargo, Ronald Lam said: “Our cargo business continues to be steady, with tonnage in July recording year-on-year growth from a high base.

“Transshipment volumes increased, in particular from Japan, Southeast and America, while the load factor and yield maintained a high level. We continue to closely monitor the external factors that have the potential to impact global trade.”