Cathay Pacific carried 143,564 tonnes of cargo in December 2024, an increase of 11.7 percent compared with December 2023.
The December 2024 cargo revenue tonne kilometres (RFTKs) increased 6.5 percent year on year, cargo load factor increased by 0.6 percentage points to 61.4 percent and available cargo tonne kilometres (AFTKs) increased by 5.5 percent year on year, says an official release.
For CY2024, cargo carried increased 11 percent year-on-year to 1.5 million tonnes with RFTKs up five percent and capacity up 8.6 percent.
“For cargo, the healthy market momentum seen in previous months continued into December, resulting in the highest tonnage of any month in 2024,” says Lavinia Lau, Chief Customer and Commercial Officer, Cathay Pacific. “Demand for e-commerce shipments from Hong Kong and the rest of the Greater Bay Area remained robust during the year-end festive season. We also saw significant demand for perishables and seasonal produce from the South West Pacific and the Americas to Hong Kong and other parts of Asia.
“Meanwhile, we observed an increase in tonnage of our Cathay Expert solution arising from the movement of machinery and engines, particularly from North Asia.”
Outlook
“In terms of cargo, we anticipate demand to be softer during the first half of January before picking up again towards the Lunar New Year holiday.
“Looking ahead, we remain firmly focused on further strengthening Hong Kong’s status as a leading international aviation hub, adding more flights and destinations for both passengers and cargo customers,” adds Lau.
Cathay Pacific’s cargo business saw a significant increase in demand during the month of December, with a 12% rise in volumes carried. This spike in cargo shipments can be attributed to the growing popularity of e-commerce, which has driven up the need for efficient and reliable shipping services.
The airline’s cargo division, Cathay Pacific Cargo, has been working tirelessly to meet the surge in demand, ensuring that packages are delivered in a timely manner and with the utmost care. With the holiday season in full swing, more and more consumers are turning to online shopping, further fueling the need for reliable cargo services.
Cathay Pacific’s ability to adapt to the changing landscape of the industry and meet the needs of its customers has positioned it as a leader in the cargo business. As e-commerce continues to grow, the airline is well-equipped to handle the increasing demand and provide top-notch service to its clients.
Overall, the 12% increase in cargo volumes carried by Cathay Pacific in December is a testament to the airline’s commitment to excellence and its ability to thrive in a rapidly evolving market.
Tags:
Cathay Pacific Cargo, e-commerce demand, air freight growth, Cathay Pacific e-commerce shipping, cargo industry trends, air cargo statistics, Cathay Pacific cargo services, e-commerce logistics, air freight market analysis
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