Transhipments drive growth in July at Cathay Pacific

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Cargo and mail volumes for Cathay Pacific Group have continued to grow in July, mainly driven by increased transhipment volumes.

In July, Cathay Pacific and Cathay Dragon carried 184,935 tonnes of cargo and mail, an increase of 2.9 per cent compared to the previous year.

Capacity measured in available freight tonne kilometres (AFTK) was down 0.3 per cent in July just under 1.5 billion, while freight tonne kilometres increased 2.1 per cent to one billion, pushing load factors up 1.6 percentage points to 70.3 per cent.

In the first seven months of 2018, cargo and mail was up 6.8 per cent to 1.2 million tonnes, freight tonne kilometres by 6.4 per cent to 6.8 billion, with AFTK increasing 3.4 per cent to 10 billion, and load factors were up two percentage points to 68.6 per cent.

Cathay Pacific director commercial and cargo, Ronald Lam says: “Meanwhile, our cargo business continues to be steady, with tonnage in July recording year-on-year growth from a high base.

“Transhipment volumes increased, in particular from Japan, Southeast and America, while the load factor and yield maintained a high level. We continue to closely monitor the external factors that have the potential to impact global trade.”