Cathay Pacific Airways cargo traffic fell 5.5 percent in June, the third straight monthly drop at one of Asia’s largest freight airlines.
The decline follows an 8.6 percent drop in May, and June’s cargo traffic was off 3.3 percent from May. Cathay’s capacity measured in available metric ton kilometers was up 6.3 percent.
That left Cathay's cargo traffic up 0.5 percent in the first six months of this year against a 14.6 percent increase in capacity compared to the first half of 2010.
“We saw continued weakness out of our key mainland China and Hong Kong markets in June, but this is traditionally a quieter time of year in the airfreight industry,” Cathay Pacific General Manager Cargo Sales & Marketing James Woodrow said. “The consistently strong demand seen throughout 2010 was certainly not the norm.”
He said Cathay’s India routes are performing well, spurring the airline to begin freighter service to Bengaluru in August.
The Journal of Commerce
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