Declining freight business with Cathay Pacific Airways

Cathay Pacific Airways sees no signs for cargo-recovery on the routes ex China and Hong Kong:

The lacking demand over the Christmas peak and several other negative developments caused a moderate business year 2011 to Cathay Pacific Airways’ air cargo segment. Including the operations of the Dragonair airline, the enterprise transported 1.65 million tons of air freight and mail around the globe. This is 8.6 per cent less than in the previous year.

Cathay Pacific General Manager Cargo Sales & Marketing James Woodrow said the limited demand for air freight services out of the key markets in Hong Kong and Mainland China was the main reason for this moderate result. There is no sign of any upturn in prospect he says.

Cathay Pacific Cargo markets the air freight capacity of 131 aircraft, including 20 Boeing 747-400 freighters. The worldwide route network of the airline based in Hong Kong covers 162 destinations in 42 countries.

Quelle: LogEastics
Portal: www.logistik-express.com