Cathay Pacific tonnage up 4.7% in 2018, but warns of trade uncertainty

posted on 17th January 2019 by Justin Burns
Cathay Pacific tonnage up 4.7% in 2018, but warns of trade uncertainty

Cathay Pacific Group airlines Cathay Pacific and Cathay Dragon carried a combined 2.15 million tonnes of cargo in 2018 – 4.7 per cent more than 2017.

The load factor across the Hong Kong based group’s freighter and belly network was up one percentage point to 68.8 per cent, capacity, measured in available freight tonne kilometres (AFTKs) was up 2.6 per cent and cargo and mail revenue freight tonne kilometres (RFTKs) increased 4.2 per cent.

In December 2018, the two carriers handled 182,863 tonnes of cargo and mail last month, a decrease of 4.9 per cent compared to the same month in 2017. The load factor fell by 4.2 percentage points to 67.7 per cent. AFTKs remained unchanged while RFTKs decreased by 5.9 per cent.

Cathay Pacific director commercial and cargo, Ronald Lam said: “We finished the year-end peak with strong movements of cargo in the weeks leading up to Christmas and demand slowed down towards the end of the month.

“Uncertainty remains in the coming months regarding the trade situation between China and the United States.”