Dragonair

Cathay sees May cargo jump 14% y-o-y

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Cathay Pacific and Dragonair carried 138,448 tonnes of cargo and mail in May, an increase of 13.9 per cent compared to the same month last year. The cargo and mail load factor rose by 1.9 percentage points to 63 per cent. Capacity, measured in available cargo/mail tonne kilometres, rose by 14 per cent while cargo and mail revenue tonne kilometres (RTKs) flown were up by 17.5 per cent. For the year to the end of May, tonnage rose by 7.3 per cent while capacity was up … [Read more...] about Cathay sees May cargo jump 14% y-o-y

HONG KONG: Cathay posts H1 profit

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The Cathay Pacific Group reported a profit of HK$812 million (US$104.8 million) for the first six months of 2009, compared to a loss of HK$760 million in the first half of 2008, thanks primarily to a HK$2.1 billion fuel hedging gain. Overall the group – which includes its Dragonair subsidiary – has been hit by a deep and sustained downturn in its key markets, with sharply reduced passenger and cargo revenues resulting in a 27.1 per cent drop in turnover to HK$30,921 … [Read more...] about HONG KONG: Cathay posts H1 profit

June figures up for Cathay, but yields hurting

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Hong Kong-based Cathay Pacific Airways and its subsidiary Dragonair have reported moderating declines in cargo tonnage with the two carriers uplifting a total 123,860 tonnes of cargo and mail in June, down 10 per cent on June 2008. The airline's cargo spokesman said June cargo traffic was down year-on-year, though the monthly drop was the lowest so far this year. "There are signs that the airfreight market has bottomed out, though as yet we are not seeing any sustained upswing in demand. … [Read more...] about June figures up for Cathay, but yields hurting

Cathay Pacific Cargo meets challenges head-on

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Responding to the rapidly changing market situation, Cathay Pacific’s strategy took into account variables such as fuel prices, fleet deployment and fluctuations in world trade patterns, all of which had shown a marked change globally over the past 12 months. The carrier’s response included capacity cuts, special leave schemes for staff , adjustment of frequencies, focusing on new markets and also included delaying a planned cargo terminal to cut costsamid the global … [Read more...] about Cathay Pacific Cargo meets challenges head-on

Cathay and Dragonair continue to suffer

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January continued the downward plunge for Cathay Pacific Airways and Dragonair whose combined traffic figures for the month indicated another hefty fall in cargo and mail tonnage. The two airlines carried a total of 101,154 tonnes of cargo and mail last month, down 26 per cent on January 2008, while capacity, measured in available cargo/mail tonne kilometres, fell by 15.9 per cent. The cargo and mail load factor dropped by 4.5 percentage points to 59.1 per cent. … [Read more...] about Cathay and Dragonair continue to suffer