Cathay Pacific Group highlighted the valiant effort of its cargo division in its 2020 annual results as its overall performance, particularly the passenger business, was severely hit, no thanks to the pandemic. The group reported a record annual loss of US$2.8 billion (HK$21.65 billion) last year, with group revenue down 51.6 percent from 2019 to US$6.04 billion (HK$46.9 billion). “The Cathay Pacific Group experienced the most challenging 12 months of its more than 70-year history in … [Read more...] about Cathay takes record loss despite positive cargo revenue
Cathay Pacific
Asia’s flag carriers fly in life-saving vaccines
Accompanied by media frenzy, more vaccine shipments are slowly making their way to Asia brought in by flag carriers, as Malaysia Airlines’ cargo unit MASkargo successfully flew in the first batch of Covid-19 vaccines to Malaysia on 21 February. An Airbus 330-300 converted for cargo flight with One World livery delivered over 300,000 doses of the Pfizer-BioNTech vaccine. A second batch of the same vaccines will arrive on 26 February, and then at fortnightly intervals. The arrival of … [Read more...] about Asia’s flag carriers fly in life-saving vaccines
Top airlines sign up for UNICEF’s vaccine initiative
The UNICEF Humanitarian Airfreight Initiative has been formed with the world’s leading airlines to secure the transport of Covid-19 vaccines and medical supplies around the globe. These chosen carriers have signing agreements with UNICEF to support the prioritisation of delivery of COVID-19 vaccines, essential medicines, medical devices and other critical supplies to respond to the pandemic. The airfreight initiative supports the COVAX Facility's efforts to ensure that countries have fair … [Read more...] about Top airlines sign up for UNICEF’s vaccine initiative
Several Asia Pacific carriers face existential threat, AAPA says
AAPA Director General Mr. Subhas Menon in a statement said several Asia Pacific carriers may face an existential threat unless they get recapitalisation or fund injections. Although he did not state or pinpoint which airlines are affected. September figures released by AAPA showed “markedly depressed levels” for passenger and cargo demand year on year, and the trade association sees “no recovery in sight.” AAPA noted that although manufacturing conditions further improved globally, some … [Read more...] about Several Asia Pacific carriers face existential threat, AAPA says
Cargo stays solid as Cathay Pacific braces for peak season with pre-orders
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 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
