Cathay Pacific reports volume growth in March

Cathay Pacific Airways has released combined Cathay Pacific and Dragonair traffic figures for March 2015 that show an increase in cargo and mail uplift.

The two airlines carried 157,688 tonnes of cargo and mail in March, an increase of 1.5% compared to March 2014. The cargo and mail load factor rose by 1.7 percentage points to 68.4%. Capacity, measured in ATKs, fell by 0.1% while cargo and mail RTKs flown rose by 2.4%. For the first quarter of 2015, tonnage rose by 12.3% against a capacity increase of 9.8% and a 15.4% rise in RTKs.

Cathay Pacific General Manager Cargo Sales & Marketing Mark Sutch said, “Air freight demand was generally robust throughout March, helped by the month-end and quarter-end production rush out of the key manufacturing cities in Mainland China. Once again the main focus of our business was on the transpacific lanes, with traffic into and out of North America spurred by the continuing congestion in sea ports on the West Coast of the US. Demand to Europe remained below expectations, with business affected by the ongoing economic woes and the depreciation of the Euro.”