Cathay volume drops again in July

Air

Wednesday, August 15, 2012

Cathay Pacific and sister airline Dragonair saw July air freight volume plummet 10.5 percent year-on-year. The two airlines carried 125,343 tons of cargo last month, with their combined load factor down by 1.9 percentage points to 64.7 percent. Capacity decreased by 11.4 percent. For the year to date, tonnage has declined 9.9 percent against a capacity drop of 5.4 percent. “There was little change in the situation seen in previous months, with continued soft demand out...

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