All Cathay Pacific Cargo articles
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NewsCathay Cargo opts for the A350 freighter
© Airbus S.A.S. 2023Cathay Cargo has decided to order the A350 freighter for its next generation of cargo aircraft after it initially appeared the carrier would opt for Boeing's latest widebody freighter.The Hong Kong-headquartered airline has placed an initial firm order for six of the Airbus aircraft but has also ...
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Mother nature helps push up airfreight rates
Airfreight rates continued to rise last week as weather conditions, volcanic activity and wars put capacity under pressure.The latest figures from TAC Index show that the overall Baltic Air Freight Index was up 4.6% in the week to November 20 compared with the previous seven days.The increases were led by ...
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Cathay Pacific reports lower cargo revenues in H1
Cathay Cargo saw its revenues decline in the first half of the year despite increasing volumes.The Hong Kong-hubbed carrier saw first-half cargo revenues decline by 10.1% year on year to HK$12.4bn, while volumes increased by 23.8% on last year to 651,000 tonnes.Capacity measured in available cargo tonne km increased by ...
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Cathay buoyed by e-commerce as it grapples with flat demand
Cathay Pacific is grappling with flat demand and a steep increase in cargo capacity, but cargo volumes continued to pick up as capacity recovered from last year's lows.The airline carried 111,210 tonnes of cargo last month, an increase of 6.4% compared with June 2022. The month’s cargo revenue tonne kms ...
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Cathay Pacific expects intense cargo competition over the summer
Cathay Pacific is expecting an increasingly competitive air cargo market over the summer months and will add new freighter flights to North America as its belly operations continue to roll out.The carrier's chief customer and commercial officer Lavinia Lau said that the carrier would add extra freighter flights to Toronto ...
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Management changes at Cathay Cargo
Cathay Cargo has announced changes to its management team that will see leaders taking on new roles within the Group and Cathay Cargo over the summer.Tom Owen, director cargo, said that the changes will “further strengthen our cargo business and maintain the momentum in our goal to become the world’s ...
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NewsHong Kong International retains busiest cargo hub top spot
Hong Kong International Airport (HKIA) retained its position as the world's busiest cargo airport in 2022 despite the impact of Covid restrictions, according to statistics from Airports Council International.HKIA saw its cargo volumes fall by 16.4% year on year in 2022 to 4.2m tonnes as restrictions on crew hampered operations, ...
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InsightsTranspacific market: from the doldrums to new highs
After a difficult 12 months, carriers and forwarders expect business on the transpacific to take off in the latter half of the year.Cathay Cargo, the recently rebranded freight arm of Cathay Pacific, is leading the push for a new intermodal service to facilitate flows from the Dongguan area in the ...
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Cathay Cargo invests in new mail solution
Cathay Cargo has launched a new mail service that integrates mail handling data with its cargo systems to improve visibility.The new Cathay Mail service integrates mail-handling data with air cargo systems using the the postal air waybill (PAWB) through electronic data interchange (EDI) technology.This removes much of the previous shipment ...
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Cathay Cargo sees revenues weaken in 2022
Cathay Pacific saw its cargo revenues decline by double-digit percentage levels last year as Covid restrictions affected operations.The airline reported a 16.6% fall in cargo revenues to HK$26.9bn in 2022 while cargo revenue tonne kms (CRTK) fell 29.8% year on year to 5.7bn and capacity was down 19% to 8.2bn ...
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Cathay rebrands and refreshes cargo services
Cathay Pacific Cargo has rebranded as Cathay Cargo as part of the Cathay group’s overall brand redesign.Group chief executive Ronald Lam said: “This is an opportune moment to align our cargo business with the master brand as we continue our cargo investments in Hong Kong and the Greater Bay Area ...
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Cathay Pacific cargo volumes partially recover in January
Cathay Pacific's cargo business saw improvements in January after a difficult period for the airline last year.The Hong Kong-based carrier reported a 28.1% year-on-year increase in cargo volumes to 95,139 tonnes in January after the carrier had to last year suspend its long-haul schedule for seven days due to stricter ...
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Cathay Pacific highlights growth opportunities and challenges
Express, e-commerce and temperature sensitive shipments will be beacons of light in a cloudy operating landscape, according to Cathay Pacific Cargo's leader.Director of cargo Tom Owen said that the shift in supply and demand "will lead to a dampening in our revenues" but these three business areas represent "strong pockets ...
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NewsEtihad Cargo the latest to boost China capacity
Source: Etihad CargoEtihad Cargo is the latest to add extra capacity to the China market with additional freighter and passenger flights to Shanghai.The new Abu Dhabi-Shanghai B777 freighter flight begins on February 2 and will operate on a weekly basis.The flight means the carrier will offer a total of eight ...
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Hong Kong sees cargo volumes drop as economic conditions hit demand
The world's largest cargo airport, Hong Kong International, registered a double-digit percentage volume decline last year as economic conditions and Covid restrictions took their toll.In total, the airport handled 4.2m tonnes of cargo in 2022 - a decline of 16.4% compared with a year earlier.The Airport Authority Hong Kong (AAHK) ...
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Ethiopian the latest to increase China flights
Ethiopian Airlines has become the latest carrier to add bellyhold capacity to the China market following the easing of Covid restrictions.The carrier said that the frequency of flights will increase starting on February 6 and return to pre-Covid levels on March 1.Starting on February 6, Ethiopian Airlines will operate daily ...
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Belly to bolster Cathay cargo business in 2023
Cathay Pacific Cargo customers will benefit from the return of belly capacity but the air cargo market must still grapple with China's unstable supply chains going into 2023.This is the expectation of George Edmunds, general manager cargo commercial at Cathay Pacific Cargo, in a year-end round-up of how the air ...
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NewsCathay Pacific Cargo relaunches pharma product
Source: Cathay Pacific CargoCathay Pacific Cargo is relaunching its pharma solution with a new name and two main products.The Hong Kong-based carrier said that from now on its pharma service would be named Cathay Pharma and would include two products; Active and Passive.The Active solution uses ‘active’ containers with thermostatic ...
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InsightsCathay Pacific Cargo looks ahead to a digital future
Cathay Pacific Cargo overcame stiff challenges in 2021 to help home hub Hong Kong regain its global crown as the number one airport for international airfreight.Strict air crew quarantine requirements in 2021 impacted airfreight capacity and tonnages, but Cathay’s cargo arm deployed 20 B747 freighters, preighters and cargo-only passenger aircraft ...
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Cathay Pacific remains positive on cargo despite latest decline
Cathay Pacific remains positive about the upcoming cargo peak season despite registering another downturn in volumes in September and a reduction in cargo-only flights.The Hong Kong-hubbed airline reported a 20.6% year-on-year decline in cargo carried to 104,055 tonnes during September while the cargo load factor stood at 66.4% - a ...