Cathay Pacific’s cargo figures for August looked like a repeat of the previous month as cargo and mail load factor jumped 14.2 percentage points to 75 percent from last year, a press release confirmed. Movements were driven by transport of pharmaceutical products and live animal shipments across the network, with its time-sensitive product Priority LIFT getting a boost in demand. Having received strong pre-orders, Cathay Pacific is “cautiously optimistic of a reasonably promising cargo … [Read more...] about Cargo stays solid as Cathay Pacific braces for peak season with pre-orders
Cathay Dragon
Cathay Pacific’s cargo volume jumps 10 percent on month in July
Cathay Pacific Group’s cargo operations continued to outperform passenger traffic in July as cargo and mail tonnage for the airline and its Cathay Dragon subsidiary climbed 10 percent over the previous month to 102,129 tonnes, a press release confirmed. However, this reflects a 39.8 percent drop compared to the same period last year, no thanks to significant reduction in belly capacity due to pulled back passenger flights. July’s revenue freight tonne kilometres (RFTKs) fell 33.3 percent … [Read more...] about Cathay Pacific’s cargo volume jumps 10 percent on month in July
Cathay Pacific takes net loss as carrier’s focus pivots to cargo
Cathay Pacific Group reported HK$9.9 billion (US$1.3 billion) in net loss for the first six months as the carrier felt the impact of Covid-19, with group chairman Patrick Healy describing the half-year period as the most challenging in its 70-year history. Net loss from Cathay Pacific and its Cathay Dragon unit amounted to HK$7.36 billion (US$950 million) in the first half, and the share of losses from other subsidiaries and associates was at HK$2.5 billion (US$320 million). Only … [Read more...] about Cathay Pacific takes net loss as carrier’s focus pivots to cargo
Cathay Pacific announces HK$39 billion in recapitalisation financing
Cathay Pacific today announced a recapitalisation plan that will help it maintain its competitiveness and operations while continuing its commitments to Hong Kong as an international aviation, financial and commercial hub. This three-part plan is designed to provide Cathay Pacific with sufficient funds to withstand the industry-wide downturn and a stable financial platform from which it will be able to conduct the wholesale review of operations required to transform its business to reflect … [Read more...] about Cathay Pacific announces HK$39 billion in recapitalisation financing
Cathay Pacific combined traffic figures for June 2017
The two airline s carried 170,476 tonnes of cargo and mail last month, an increase of 12.8% compared to the same month last year. The cargo and mail load factor rose by 4.0 percentage points to 68.3%. Capacity, measured in available cargo/mail tonne kilometres, was up by 4.8% while cargo and mail revenue tonne kilometres (RTKs) increased by 11.3%. In the first six months of 2017, the tonnage rose by 11.5% against a 2.3% increase in capacity and an 8.9% increase in … [Read more...] about Cathay Pacific combined traffic figures for June 2017
Cathay Pacific selects DHL Supply Chain for10-year contract
DHL Supply Chain has commenced management of all aircraft maintenance, repair and overhaul logistics activities for Cathay Pacific and Cathay Dragon in the airlines’ home base at Hong Kong International Airport (HKIA), part of a 10-year contract signed earlier this year. The contract will see DHL Supply Chain take overall responsibility for the storage, warehousing and domestic transportation of 80,000 specific aviation part types, components and equipment used to maintain Cathay … [Read more...] about Cathay Pacific selects DHL Supply Chain for10-year contract
