Cathay Pacific anticipates fierce cargo competition this summer

Over the summer, Cathay Pacific anticipates a more competitive air cargo market and will increase the number of freighter flights it operates to North America. Lavinia Lau, the company's chief customer and commercial officer, announced that additional freighter flights to Toronto and Miami would be added over the summer. She noted that while the summer months are typically slower, no significant increase in demand is anticipated until the third quarter's end. "As overall cargo demand falls short of supply, we also expect increasingly fierce competition. "We will continue to identify new demand as we rebuild our capacity through the growth of the widebody passenger network and adjust the timetables of our freighters as necessary. "As a result, Toronto and Miami will have more freighter capacity." As it begins to resume passenger and cargo operations after lockdowns in Hong Kong last year, the carrier reports improvements in cargo volumes. The airline did issue a warning, noting that the overall cargo market was still flat and that cargo traffic was outpacing the market's capacity growth. According to Lau, the market volume was basically unchanged in May. "High inventory levels contributed to the persistent underperformance of high-tech demand and new consumer goods shipments. However, the e-commerce sector remained largely active, and as passenger services returned, aircraft engine volumes increased in the special solution segment. As a result of capacity expansion, the carrier saw cargo tonne kilometres in May rise 73.4% year over year to 654 million.

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Cathay signs up DoKaSch pharma containers

Cathay Pacific Cargo has signed a master agreement to rent DoKaSch Temperature Solutions' RKN and RAP Opticooler active containers.
The containers, to be rolled out across the Hong Kong-based airline’s network in the first quarter of 2015, are aimed at the shipment of temperature-sensitive goods and pharmaceutical products,.
“Cathay Pacific Cargo is pleased to be the first Asian carrier offering our customers an alternative solution for their temperature-sensitive air cargo shipments,” said Mark Sutch, Cathay Pacific’s general manager cargo sales & marketing.
“In a growing market, and in Asia in particular, we can provide the entire range of active containers, enabling us to offer our customers the best possible air-cargo solution to meet their needs.”

Source : http://www.aircargonews.net/news/single-view/news/cathay-signs-up-dokasch-pharma-containers.html

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Cathay Cargo boosted by Beaujolais

Cathay Pacific and Dragonair cargo and mail traffic has continued to show strong year-on-year growth according to the carrier’s latest results with the carrier getting a big boost with shipments of Beaujolais wine to the Far East.

The two airlines carried 165,102 tonnes of cargo and mail in November 2014, up 12% from the same period last year.

There was good news too on load factor totals with cargo and mail load factor up 4.7% to 68.4%. Capacity, measured in available cargo/mail tonne kilometres, rose by 5.3% while cargo and mail revenue tonne kilometres (RTKs) flown were up by 13.1%.

In cumulative terms for the year to the end of November, overall tonnage rose by 11.9% while capacity was up 10.7% and RTKs increased by 14.8%.

Cathay Pacific General Manager Cargo Sales & Marketing Mark Sutch said: “Our business was helped by the bottlenecks in seaports on the West Coast of the USA, leading to more shipments being moved by air,” said Cathay Cargo boss Mark Sutch. “Intra-Asian traffic remained robust in November, and it was a better month for our cargo business in Europe, helped by big shipments of the new-release Beaujolais out of France. We carried close to 2,000 tonnes of the wine in total, most of it bound for Japan.”

Source : http://www.aircargonews.net/news/single-view/news/cathay-cargo-boosted-by-beaujolais.html

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