Cathay Pacific reports 15% rise in July cargo

Cathay Pacific, a major airline, witnessed a 15 percent surge in cargo volume, transporting 115,729 tonnes in July compared to the same period last year. The airline also reported a 25 percent year-on-year increase in cargo revenue tonne kilometres (RFTKs). However, the cargo load factor slightly dipped by 11.2 percentage points to 59.8 percent. Available cargo tonne kilometres (AFTKs) rose by 48 percent. Over the first seven months of 2023, cargo tonnage climbed 22 percent, with a 71 percent increase in RFTKs and a 102 percent capacity surge compared to 2022. 

Cathay Pacific’s Chief Customer and Commercial Officer, Lavinia Lau, highlighted the positive impact of e-commerce and seasonal produce on cargo volumes. Despite expecting flat summer demand, the airline foresees a strong cargo performance in H2 2023.

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