Cathay Pacific Group: 30 per cent less cargo turnover
Cargo division of Cathay Pacific Group (Hong Kong) reports on strong decline in 2009 revenues
The global financial and economic crisis left its tracks also in the 2009 balance of the cargo division of the Cathay Pacific Group (Hong Kong) in the form of financial losses. Sales revenues dropped 29.9 per cent on the previous year, to HK$ 17.255 billion (EUR 1.636 billion). The amount of freight carried by Cathay Pacific and Dragonair dropped by 7.1 per cent to 1.53 tonnes. Cargo capacity was reduced by 13.1 per cent and this was reflected in a load factor of 70.8 per cent (65.9 per cent in 2008). According to the Cathay Pacific Group the cargo business was exceptionally weak in the first half of the year, though the latter half was stronger, albeit from a very low base. Cargo yield for the year fell by 26.8 per cent to HK$ 1.86 (EUR 0.09). Quelle: Österreichische Verkehrszeitung |