Fierce competition, excess capacity and suspended fuel surcharges saw cargo revenue at Cathay Pacific falling 17.2 per cent in the first half to US$1.2 billion. The decline occured despite a marginal increase in the tonnage carried in the first six months of 0.2 per cent, which was offset by a 0.6 per cent increase in capacity of both Cathay Pacific and Dragonair that pulled the load factors down to 62.2 per cent, the carrier said. But for the airline overall, the situation was far worse with … [Read more...] about Cathay Pacific Cargo sees cargo revenue drop 17% in 1H
Cathay Pacific Cargo
Cathay Pacific relents on carriage of shark’s fin, implements total ban
Cathay Pacific Cargo has relented on the carriage of shark’s fin, implementing a total ban on all carriage of the product. The move comes significantly after most other Asian carriers implemented bans. Defending its position, Cathay said it has a "long standing commitment to play our role in a more sustainable world,” adding, "we were one of the first airlines in the world to raise the awareness of the unsustainability of the global shark trade." The airline said it has not approved any … [Read more...] about Cathay Pacific relents on carriage of shark’s fin, implements total ban
Cathay, Lufthansa join forces in new cargo agreement
Cathay Pacific Cargo and Lufthansa Cargo have signed a far reaching cargo cooperation agreement to provide customers with a larger and faster joint network on routes between Hong Kong and Europe from early next year. Describing the agreement as a "highly integrated" bilateral cooperation, the two carriers said they will work closely together on network planning, as well as sales, IT and ground handling. "This will bring Hong Kong, the world’s busiest air cargo hub, closer to Europe, … [Read more...] about Cathay, Lufthansa join forces in new cargo agreement
Cathay signs up DoKaSch pharma containers
To better facilitate the shipment of temperature-sensitive goods and pharmaceutical products, Cathay Pacific Cargo has signed a master agreement DoKaSch Temperature Solutions for renting the latest-technology active containers, the RKN and RAP Opticooler. The service will be rolled out across the airline's network in the first quarter of 2015. "Cathay Pacific Cargo is pleased to be the first Asian carrier offering our customers an alternative solution for their temperature-sensitive air … [Read more...] about Cathay signs up DoKaSch pharma containers
Cathay Pacific launches Wine LIFT
Cathay Pacific Cargo has launched the latest addition to its range of specialised airfreight products – Wine LIFT. Reflecting Hong Kong’s increasing status as a hub for the global wine trade, Wine LIFT provides wine merchants and customers with a service specifically tailored to meet their requirements for transporting wine in a safe and timely manner. Wine LIFT provides complete peace-of-mind to customers, with shipments being handled by teams experienced in transporting fragile … [Read more...] about Cathay Pacific launches Wine LIFT
Cathay cargo terminal officially opens at HKIA
The HK$5.9 billion (US$720 million) Cathay Pacific Cargo Terminal at Hong Kong International Airport, which began operations in February last year and became fully operational in October, has been officially opened. The terminal is a wholly-owned subsidiary of Cathay Pacific Airways Limited. Chief executive of the Hong Kong special administrative region Leung Chun-ying said at the opening: “Maintaining Hong Kong’s position as an international aviation hub hinges on two … [Read more...] about Cathay cargo terminal officially opens at HKIA