Cathay Pacific and Cathay Dragon posted a combined decline in cargo and mail uplifted in March compared to the same month in 2018.
The two airlines carried 185,156 tonnes of cargo and mail last month, a drop of 2.5 per cent compared to the same month last year. The cargo and mail load factor fell by 2.2 percentage points to 68.5 per cent.
Capacity, measured in available freight tonne kilometres (AFTKs), was up by 0.3 per cent while cargo and mail revenue freight tonne kilometres (RFTKs) dropped by 2.9 per cent.
In the first three months of 2019, the tonnage fell by 4.9 per cent against a 0.2 per cent dip in capacity and a 5.5 per cent decrease in RFTKs.
Cathay Pacific director commercial and cargo, Ronald Lam said: “On the cargo side, we continue to see a trend of year-on-year decline in both volume and yield.
“However some slight improvements were seen in March when compared to the previous two months, including from our key markets of Hong Kong and mainland China to both regional and long-haul destinations.
“We continue to closely observe China-US trade talk developments and their impact on global trade flows.”