Cathay Cargo acknowledges the approaching “peak of the peak” market, notably in Hong Kong, fueled by e-commerce exports from the Greater Bay Area. Southeast Asia experiences a surge in intra-Asia load factors, focusing operations on the evolving concept of “China plus three,” considering saturation in Vietnam and increased movements from Indonesia and Thailand.
The consumer electronics sector sees heightened exports to the Chinese Mainland for final assembly. However, extreme weather disruptions, particularly snowstorms in Anchorage, impact airline operations.
The weather-induced flight cancellations contribute to rising rates out of China, with increased demand for Transpacific traffic. Additionally, Cathay Cargo grapples with aircraft spare parts shortages, necessitating a balance between preventative maintenance and schedule certainty amid industry-wide challenges.
