Cathay Pacific saw cargo activity fall 0.6 percent, year over year, to 123,805 tons in April as capacity ticked up by 1.5 percent.
So far this year, cargo tonnage has fallen 1.2 percent on a 3.2-percent capacity rise.
The Asian air carrier’s James Woodrow said the cargo market still hasn’t recovered from its “major dip” in April 2011. Two years, he added, is an unprecedented period of cargo malaise.
“While our tonnage last month was almost on a par with the same month in 2012, it was almost 30,000 tons behind what we achieved in April 2010,” he said in a statement. “With no sign of any sustained pick-up, we are continuing to manage freighter capacity in line with demand and increase the overall efficiency of our freighter fleet.”
Unlike trends at other airlines where cargo tonnage declines even as passenger activity continues to grow, Cathay’s system took a 2.6-percent passenger hit last month. - Jon Ross