Cathay Pacific Cargo expresses optimism despite a poor start to 2019
HONG KONG's Cathay Pacific Cargo remains optimistic about the cargo business, despite declines in cargo revenues and volumes this year, reports London's Air Cargo News
HONG KONG's Cathay Pacific Cargo remains optimistic about the cargo business, despite declines in cargo revenues and volumes this year, reports London's Air Cargo News.
'There are grounds for cautious optimism,' said Cathay cargo chief Nelson Chin. 'IATA's forecast for air cargo growth remains positive at two per cent for 2019, and there is projected growth in e-commerce and products that require special handling.
'Following the trial of the pharma corridor between Brussels and Hong Kong, we have become full members of Pharma.Aero. Our home base and Cathay Pacific Cargo Terminal have also received CEIV Fresh accreditation for handling perishables ' and our own, more stringent airline accreditation will follow shortly,' said Mr Chin.
'We continue on our objective to become a leader in digitised air cargo processes, along with our investments in products and services that meet the exacting demands of today's high-value cargo customers,' he said.
The carrier group saw cargo traffic decline by 9.3 per cent in February following on from a 5.2 per cent slide in January.