Hong Kong cargo traffic starts slow climb back, but passenger markets and yields another story

Premium Analysis

Latest traffic data for Cathay Pacific, Dragonair and Hong Kong Air Cargo Terminals (HACTL) show cargo volumes probably bottomed in Jan-2009, but a long slow recovery is ahead for the city’s freight operators. Passenger numbers and yields however remain depressed, with Cathay conceding Economy passengers are “only willing to travel at the much lower fares available in a highly competitive marketplace”.

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