Cathay Cargo, the airfreight division of Cathay Pacific, reported a significant increase in its cargo volumes for May, carrying over 150,000 tonnes. This represents an 11% rise compared to the same period last year. The airline attributed this growth to strong demand within the technology and pharmaceutical sectors, particularly on its main trade routes. Concurrently, Available Freight Tonne Kilometres (AFTKs) expanded by 6%.
For freight forwarders and operations managers, this sustained growth from a major Asian carrier like Cathay Cargo indicates continued robust demand in specific high-value sectors such as tech and pharma. This could suggest stable or potentially increasing air freight rates on relevant trade lanes, especially those connecting Asia with other regions. The increase in AFTKs also points to a healthy capacity environment, which is beneficial for managing space and ensuring timely deliveries for critical shipments.
