Cathay Pacific and Dragonair March cargo down 10.7pc to 144,140 tonnes
2012 04 17
- Details
HONG KONG's Cathay Pacific Airways and its unit Dragonair carried 144,140 tonnes of cargo and mail in March, down 10.7 per cent year on year, said the company statement.
March cargo and mail load factor declined 2.7 percentage points to 68.3 per cent. Capacity, measured in available cargo/mail tonne kilometres, shrank 2.9 per cent, while cargo and mail tonne kilometres flown dropped 6.7 per cent. For the first quarter, tonnage has declined 10.5 per cent while capacity is down by 2.1 per cent.
Cathay Pacific general manager cargo sales and marketing James Woodrow said: "March was the strongest month of the year so far for our cargo business. This was thanks to large shipments of hi-tech consumer products from China to key markets around the world combined with capacity reductions by both Cathay Pacific and our competitors. However, the general market for air freight remains soft, particularly into Europe. There is poor visibility looking forward and little sign of any sustained pick-up in demand. We expect business to be weaker in April and we will continue to reduce capacity as necessary."
But both airlines carried more than 2.3 million passengers in March, up 10.6 per cent year on year, while the passenger load factor rose 2.5 percentage points to 79.4 per cent. Capacity for the month, measured in available seat kilometres (ASKs), raised 8.2 per cent. For the first quarter of this year, passenger numbers have grown 9.0 per cent compared to a capacity increase of 8.6 per cent.
Cathay Pacific general manager revenue management James Tong said: "Passenger volumes were generally robust in March, though year-on-year comparisons are distorted somewhat by the negative impact of last year's earthquake and tsunami in Japan. The big issue at the moment is the accelerating yield decline in both the Economy and premium cabins, resulting from a combination of the continuing economic uncertainty and competitive pressure."
Source Shipping Gazette - Daily Shipping News
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