All Cathay Pacific articles – Page 2
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News
Cathay sees peak perks for cargo
Cathay Cargo is expecting increased cargo loads for the traditional peak air cargo season.Tim Wong, general manager cargo service delivery at Cathay Cargo said that the air cargo market is “beginning to warm up”.“There is no doubt that the air-cargo market is beginning to warm up both from a seasonal ...
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InsightsTop 25 air cargo carriers: Cargo airlines tackle tough times
Cargo carriers faced multiple challenges to business growth in 2022, a year that presented a dramatically different operating landscape to 2021 (full chart at end of article).2022 proved to be a testing year for air cargo carriers following the boom years of the pandemic.The start of the Ukraine-Russia war had ...
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News
Cathay Pacific cargo volumes hold up ahead of peak season
E-commerce continued to lift Cathay Pacific's cargo demand in August as volumes increased over 10% year on year, but the cargo load factor declined in line with the quieter summer period.The airline carried 116,919 tonnes of cargo last month, an increase of 11.5% compared with August 2022. The month’s cargo ...
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News
E-commerce and fresh shipments support Cathay Pacific volumes
E-commerce and fresh product shipments helped Cathay Pacific boost its cargo volumes both month on month and year on year in July as capacity picked up.The airline carried 115,729 tonnes of cargo last month, an increase of 14.9% compared with July 2022. Cargo tonnage also grew 4% month on month.July's ...
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News
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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NewsCathay Cargo receives IATA’s CEIV Lithium Batteries accreditation
Cathay chief customer and commercial officer Lavinia Lau (right) and director cargo Tom Owen (left) receive the IATA Center of Excellence for Independent Validators Lithium Batteries (CEIV Li-batt) certification from IATA regional vice president Xie Xingquan. Photo: Cathay PacificCathay Cargo and the Cathay Cargo Terminal have received the IATA ...
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News
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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News
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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News
Fruit and veg exports feed Cathay freight volume
Japanese foodstuff exports to Hong Kong are helping to keep Cathay Cargo freight volumes healthy, reported Cathay Pacific regional head of cargo, Shuichi Ueba.Following the Covid-19 pandemic, the carrier has built up flights at Sapporo, from where it is currently exporting Hokkaido scallops.Elsewhere in the region, Ueba noted that the ...
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News
Cathay Pacific to buy 777-8 freighters?
Cathay Pacific is reportedly planning to place an order for approximately six Boeing 777-8 freighters.The order is worth around $2bn, said Reuters, citing industry sources.Cathay Pacific, which currently operates 747 freighters - a mixture of -8Fs and -400ERFs, declined to address the order speculation specifically.The airline told Air Cargo News: ...
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News
Cathay Pacific free of pandemic shackles but still faces demand challenge
Cathay Pacific cargo volumes grew in March compared to a year earlier, thanks to increased capacity.Cargo tonnage in March was up 25.3% compared with March 2022.This increase was attributed to the easing of pandemic aircrew quarantine measures which had "significantly reduced" cargo capacity.The airline has also benefited from increased belly ...
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News
Cathay Cargo remains positive in its outlook despite mixed signals
Cathay Cargo has reported a "slow climb" in demand following the Lunar New Year but is hopeful of a pickup in the second and third quarters despite conflicting signals.Cathay Pacific vice president cargo Americas Fred Ruggiero said that the year started quietly after a slow return to work on the ...
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News
Cathay's February cargo tonnage up as capacity is added
Cathay Pacific saw increased cargo tonnage in February due to a recovery in capacity with more expected in the coming weeks.The airline carried 103,932 tonnes of cargo last month, an increase of 59.6% compared with February 2022, when capacity was hindered by crew quarantine restrictions.February's cargo revenue tonne kilometres (RFTKs) ...
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News
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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InsightsAsia-Europe air cargo market still in recovery
The Asia-Europe trade lane has been buffeted by weakening demand and the outbreak of war in Ukraine over the last 12 months but there are some opportunities to be found.Air cargo capacity on the Asia-Europe route increased marginally (+3%) from the fourth quarter of 2021 to fourth quarter of 2022, ...
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News
Cathay Pacific cargo faces flat demand but belly bolsters business
Cathay Pacific reported underwhelming cargo figures for December 2022 as a result of overall "flat market demand", but increased passenger flights are providing a boost for belly capacity.The airline said it carried 106,471 tonnes of cargo last month, a decrease of 21% compared with December 2021, and a 40% decrease ...
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News
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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News
Cathay Pacific set for belly cargo boost as China eases Covid rules
Cathay Pacific will more than double its flights to the Chinese mainland and increase its belly capacity as China has eased pandemic restrictions.Effective January 8, China's government has authorised flights from Hong Kong and Macao International Airports with passenger load restriction and quarantine lifted.The government is expected to authorise Chinese ...
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News
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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News
Cathay Pacific hungry for freighters
Cathay Pacific is in talks to acquire more freighters to expand its air cargo capacity.Chief customer and commercial officer Ronald Lam said that the airline is in active discussion with OEMs (original equipment manufacturers).The plans concern acquisitions post-2025, but Lam did not say how many aircraft were being discussed.Speaking during ...