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  • April 23, 2014
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  1. Cathay hit by 11pc fall in cargo volumes

    Posted Apr 17th 2012, 12:00am

    ... Cathay Pacific Airways continued to experience strong growth in passenger traffic last month although its cargo volume dropped nearly 11 per cent year-on-year. Cathay and its wholly-owned subsidiary Dragonair saw cargo volumes fall 10.7 per cent to 144,140 tonnes last month despite signs of recovery in the cargo sector. Hong Kong Air Cargo Terminals (Hactl), which handles 70 per cent ...

  2. Cathay cuts cargo capacity growth

    Posted Dec 20th 2011, 12:00am

    ... Cathay Pacific Airways, the largest global cargo airline, has cut capacity growth to 10 per cent from the planned 17 per cent next year by deferring delivery of two new freighters amid ... cargo market. The freighters can hold 16 per cent more cargo than B747-400Fs and can carry up to 134 tonnes, as they have a wider fuselage and are more fuel-efficient. But the larger capacity ...

  3. Cathay faces struggle to fill larger cargo holds

    Posted Nov 18th 2011, 12:00am

    ... Cathay Pacific Airways is struggling to fill up its cargo space even as its freight capacity is set to increase by 15 to 20 per cent next year. With the delay in delivery until next year of most of the 10 747-8 freighters it ordered, Cathay will be in the unenviable position of having to fill up even bigger cargo holds - the jumbo 747-8 can hold 16 per cent more than its ...

  4. Headwinds buffet Cathay cargo plans

    Posted May 26th 2006, 12:00am by Russell Barling

    ... - and highest margin - sector of the trade transport industry. Like most of Asia's premier airlines, Cathay's cargo business has grown to account for more than 33 per cent of overall revenue ... years old and two others are 22 and 19 - but the net increase in capacity could be staggering. So, like other top global cargo carriers, Cathay has big plans for its freight division, including ...

  5. Big stakes all round for air cargo terminal combatants

    Posted Jun 02nd 2006, 12:00am by Russell Barling

    ... Below Deck has spent an inordinate amount of time recently writing about the pitch war emerging from Cathay Pacific Airways' desire to have its own air cargo terminal at the airport. There are few transport issues that potentially have such a wide-ranging impact on the economy than whether Hong Kong gets its air cargo strategy right. Swire Pacific, Hutchison Whampoa, Sun Hung Kai ...

  6. Cathay wants own cargo hub

    Posted Mar 09th 2006, 12:00am by Russell Barling

    ... air cargo terminal at the Hong Kong airport, according to newly appointed chairman Christopher Pratt. Mr Pratt confirmed speculation that a facility dedicated to its freight business was being planned as the airline redoubles efforts to cut costs across the business. 'Yes, we want [a dedicated cargo facility]. We believe Hong Kong needs one and we have made those views known ...

  7. Cathay wins approval for cargo flights to Germany

    Posted Feb 25th 2004, 12:00am by Russell Barling

    ... The government has approved Cathay Pacific Airways' application to fly cargo aircraft to Munich as Hong Kong's top airlines look to capture a greater share of the city's booming trade with Germany. According sources at Cathay, it was given permission last week to serve Germany's No2 air-cargo market three times a week, just days after Dragonair announced ...

  8. Cathay plunges into a thick red cloud

    Posted Aug 09th 2012, 12:00am

    ... Dragged down by the sluggish cargo business and falling ticket prices, Cathay Pacific Airways plunged into the red in the first half, reporting a HK$935 million loss, compared ... the entire aviation industry amid waning demand for passenger and cargo traffic to and from Europe and the United States. Softening demand combined with stubbornly high jet fuel prices have seen many ...

  9. High oil prices take toll on Cathay profits

    Posted Aug 06th 2012, 12:00am

    ... and falling passenger fares,' noted a report from Credit Suisse last week. Also likely to have weighed on the airline's bottom line, said analysts, was weak cargo demand. The airline ... result would be disappointing in light of high oil price, sluggish cargo business and pressure on economy-class yields. Three months on, and oil prices had dropped to US$80 per barrel towards ...

  10. Dark skies loom for Asian carriers amid slowdown

    Posted Oct 13th 2011, 12:00am

    ... expects tough times ahead, saying its cargo business, which accounts for about 30 per cent of revenue, is hard hit. Hong Kong's flag carrier cut its freighter service to long-haul destinations and launched new regional services to offset weakening US and European demand. It also sees a potential decrease in business travel as banks reassess travel policies. On the cargo side, ...




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