Cathay Pacific

In the first two months of 2023, tonnage increased 43%, capacity was up 201% and RFTKs increased 147% YoY.

The change aligns with the Cathay Group’s overarching ambition to Move Beyond, and reinforces our cargo business’s commitment to offering leading-edge services to our customers. Ad-hoc demand from Southeast Asia as well as South Asia, the Middle East and Africa (SAMEA) also helped fill the gaps left by demand from Hong Kong and the Chinese Mainland on long-haul routes. "The cargo load factor decreased by 13.7 percentage points to 66.7 percent while capacity, measured in available cargo tonne kilometres (AFTKs), increased 206.1 percent year-on-year.

Cathay Pacific saw increased cargo tonnage in February due to a recovery in capacity with more expected in the coming weeks. The airline carried 103932.

This enables us to offer our customers seamless sea-air shipments from the Greater Bay Area (GBA) directly into HKIA for outbound airfreight.” “Turning to March and beyond, we are making good progress in increasing our capacity and rebuilding connectivity at the Hong Kong international aviation hub,” said Lau. She added: “On the cargo side, demand from our home market, Hong Kong, as well as the Chinese Mainland is increasing, with e-commerce-related traffic picking up relatively more quickly. “Inbound demand from the Americas, Europe, Northeast Asia and Southwest Pacific remained steady, especially across our special solutions, such as Cathay Fresh and Cathay Pharma. She added: “Cathay Cargo notably also became the first airline – and Cathay Pacific Services Limited the first cargo terminal operator – to utilise the Hong Kong International Airport (HKIA) Logistics Park in Dongguan. Cathay Pacific saw increased cargo tonnage in February due to a recovery in capacity with more expected in the coming weeks.

Hong Kong : Cathay Pacific Airways reported an annual loss of HKD 6.55 billion (USD 834.4 million) for the 12 months that ended on December 31, 2022.

[MENAFN](https://menafn.com) provides the information “as is” without warranty of any kind. If you have any complaints or copyright issues related to this article, kindly contact the provider above. Cathay said it was operating about one-third of pre-pandemic passenger flight capacity by December and ended the year operating passenger flights to 58 destinations, double the 29 destinations the airline flew to in January 2022.