Cathay Pacific’s November cargo tonnage was up on last year for the third month in a row.
It reported that Cathay Pacific and Dragonair carried 140,824 tonnes of cargo and mail last month, an increase of 6.3 per cent compared to November 2011.
The cargo and mail load factor fell by 1.4 percentage points to 63.9 per cent. Capacity, measured in available cargo/mail tonne kilometres, rose by 5.1 per cent, while cargo and mail tonne kilometres flown rose by 2.8 per cent. For the year to date, tonnage has declined by 6.1 per cent against a capacity drop of 3.5 per cent.
Cathay Pacific general manager cargo sales & marketing James Woodrow said: “The uptick in demand that began in late September continued through November, again driven by significant shipments of hi-tech consumer products out of key manufacturing centres such as Western/Central China and Vietnam.
“We operated close to a full freighter schedule throughout the month and mounted a number of charter flights and extra sectors. While we welcome the recent upturn in demand, we have not seen the kind of sustained year-end peak we saw in previous years and the market outlook continues to be uncertain, particularly from Asia to Europe.”