Cathay Pacific expects cargo rebound for 2012

Cathay Pacific cargo director Nick Rhodes stated the carrier expects its cargo volume to return to growth in 2012 as it adds new services and capacity grows in the 15-18% range following the delivery of new aircraft (Reuters/Dow Jones, 17-Nov-2011). Cathay's cargo throughput in 2011 is, however, expected to be lower than 2010 levels, although 2010 was characterised as exceptionally good year boosted by strong demand post the economic downturn. "From China to other parts of the world, we hope there will be an increase in tonnage because we are adding more flights such as Chengdu and Chongqing," he said.

Cathay Pacific: "We expect an increase in the tonnage (in 2012) but there is plenty of competition, so when there is a lot of competition, if you increase your volume, increase your tonnage, the hardest to forecast is what will happen to the price? What will happen to the yield?," Nick Rhodes, cargo director. Source: Reuters, 17-Nov-2011.