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
CPSL
CPSL reports first full-year tonnage performance
Cathay Pacific Services Limited (CPSL) released its first full year handling tonnage. In 2014, Cathay Pacific Cargo Terminal (CPCT) handled 1.45 million tonnes of cargo. The terminal saw its highest tonnage record on 8th November 2014, handling 5,476 tonnes of cargo on the day. Traffic at CPCT was largely driven by transhipment in 2014, accounting for 54 per cent of the cargo tonnage throughput. The percentages of import and export cargo tonnage throughput were 15 per cent and 31 per … [Read more...] about CPSL reports first full-year tonnage performance
CPSL welcomes new customer EVA Air
Cathay Pacific Services Limited (CPSL) has commenced its cargo operations and documentation services for EVA Air at the Cathay Pacific Cargo Terminal on 5th January 2015. CPSL chief executive officer Kelvin Ko said, “The transition went extremely well. Thanks to the tremendous efforts of the teams over the past six months. Apart from standards and quality, CPSL also shares the same vision with EVA in customer services. EVA has an outstanding reputation providing made-to-order solutions … [Read more...] about CPSL welcomes new customer EVA Air
CPSL achieves ISO 28000 certification
Cathay Pacific Cargo Terminal has become the first Hong Kong based air cargo facility to achieve certification of ISO 28000, a global security standard specifying the requirements for a security management system in the logistics industry. CPSL chief executive officer Kelvin Ko said: “Customers paying premiums for airfreight expect their goods to arrive at the destination on time and in excellent condition. Maintaining the integrity of the supply chain – … [Read more...] about CPSL achieves ISO 28000 certification
Cathay Pacific Services appointed to handle AirAsia cargo in HK
Cathay Pacific Services Limited (CPSL) has announced its appointment as handling agent for AirAsia’s cargo operations and documentation at the Cathay Pacific Cargo Terminal. Operations have been running smoothly since CPSL began providing services for AirAsia on 15 May 2014. Chief executive officer of AirAsia, Aireen Omar said: “We are fastidious about cost efficiency and competency in every aspect of our operations, and are glad to find a compatible partner like CPSL which … [Read more...] about Cathay Pacific Services appointed to handle AirAsia cargo in HK
