Cathay cargo carried down 21% in Dec, drops 13% in 2022
Cathay Pacific carried 106,471 tonnes of cargo in December 2022, a decrease of 21 percent compared with December 2021, and a 40 percent decline compared with the same period in 2019.
For the full year of 2022, tonnage decreased 13% against a 19% decline in capacity and a 30% percent drop in revenue tonne kilometres compared with 2021.
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"With Covid-19 still impacting various parts of China, coupled with Chinese New Year occurring in January, the air cargo market will continue to experience challenges until mid-February. We will remain agile in our response to these new challenges." Ronald Lam, Chief Executive Officer, Cathay Pacific.
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