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Cathay Pacific: 2010 will be 'another challenging year for cargo'

30-Jan-2012 2:49 PM

Cathay Pacific GM cargo sales and marketing James Woodrow, in the Jan-2012 edition of CXWorld, stated 2012 is "going to be another challenging year for cargo, particularly the first half of the year". He continued: "The market from Asia to Europe will be especially difficult as European governments continue to struggle with the Eurozone crisis. On the other hand the economic indicators in America are rather more encouraging and it is hoped that in the second half of 2012 the US economy will really start to pick up and drive air freight volumes ex-Asia". Mr Woodrow noted there are a number of major new product launches in the pipeline which "should help to drive some volume increases" including the completion of the Cathay Pacific Cargo Terminal, which is scheduled to open in early 2013, and the delivery of several additional Boeing 747-8Fs.