HONG Kong's cathay Pacific carried 97,166 tonnes of cargo in March 2022, an increase of 16.6 per cent compared to March 2021, but a 47.5 per cent decline compared with the same period in 2019.
'The month's cargo revenue tonne kilometres (RFTKs) dropped 28.4 per cent year on year and were down 65.6 per cent compared to March 2019,' an official statement said.
'The cargo load factor decreased 4.9 percentage points to 81.5 per cent while capacity, measured in available cargo tonne kilometres (AFTKs), was down over 24 per cent year on year and down over 71 per cent versus March 2019.'
Tonnage decreased 13.8 per cent against a 49.2 per cent drop in capacity and a 50.3 per cent decrease in cargo revenue tonne kilometres (RFTKs) in the first first three months of 2022 compared to the same period for 2021.
Cargo carried for the first three months ended March 2022 totalled 236,533 tonnes, a drop of 14 per cent from the previous year.
'For cargo, our capacity on long-haul routes remained constrained by ongoing aircrew quarantine requirements,' said Cathay customer and commercial officer Ronald Lam.
'However, we were very pleased to have brought Atlanta, Houston and Miami back on line. With reduced long-haul operations, we have used the available aircraft and crew to add capacity to our regional lanes, in particular Northeast Asia and South Asia where demand has been relatively robust,' Mr Lam said.
Overall, our cargo flight capacity has recovered over 40 per cent compared to the lowest point in January although it remains 29 per cent of pre-Covid levels, he said.
'On the demand side, tonnage contribution from Hong Kong reduced in March as cross-border trucking capacity remained constrained, and production in the southern part of the Chinese mainland was affected due to ongoing anti-pandemic measures,' he said.
Nevertheless, strong transshipment from other markets filled some of this gap, resulting in 49 per cent tonnage growth compared to the previous month.
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'The month's cargo revenue tonne kilometres (RFTKs) dropped 28.4 per cent year on year and were down 65.6 per cent compared to March 2019,' an official statement said.
'The cargo load factor decreased 4.9 percentage points to 81.5 per cent while capacity, measured in available cargo tonne kilometres (AFTKs), was down over 24 per cent year on year and down over 71 per cent versus March 2019.'
Tonnage decreased 13.8 per cent against a 49.2 per cent drop in capacity and a 50.3 per cent decrease in cargo revenue tonne kilometres (RFTKs) in the first first three months of 2022 compared to the same period for 2021.
Cargo carried for the first three months ended March 2022 totalled 236,533 tonnes, a drop of 14 per cent from the previous year.
'For cargo, our capacity on long-haul routes remained constrained by ongoing aircrew quarantine requirements,' said Cathay customer and commercial officer Ronald Lam.
'However, we were very pleased to have brought Atlanta, Houston and Miami back on line. With reduced long-haul operations, we have used the available aircraft and crew to add capacity to our regional lanes, in particular Northeast Asia and South Asia where demand has been relatively robust,' Mr Lam said.
Overall, our cargo flight capacity has recovered over 40 per cent compared to the lowest point in January although it remains 29 per cent of pre-Covid levels, he said.
'On the demand side, tonnage contribution from Hong Kong reduced in March as cross-border trucking capacity remained constrained, and production in the southern part of the Chinese mainland was affected due to ongoing anti-pandemic measures,' he said.
Nevertheless, strong transshipment from other markets filled some of this gap, resulting in 49 per cent tonnage growth compared to the previous month.
SeaNews Turkey
