United

Cathay warns of more challenges ahead

Latest News
Thursday, 18 August 2016

Despite 'green shoots' reports on China's airport activity reported in media this week, Hong Kong-based Cathay Pacific Cargo chairman John Slosar has warned “we expect the (air cargo) operating environment in the second half of the year to continue to be impacted by the same adverse factors as in the first half.  The overall business outlook therefore remains challenging”.


He said the current climate was economically fragile and intensely competitive.


Cathay's cargo revenues for the first six months of 2016 were US$1.21 billion, a decrease of 17.2 per cent over to the same period in 2015.


Its results come as the three major airports in China's Pearl River Delta – Hong Kong, Guangzhou and Shenzhen – all registered higher throughput in July.


At Hong Kong International Airport, tonnage climbed 4.7 per cent to 380,000 tonnes.

HACTL
Cathay Cargo
United

Cathay warns of more challenges ahead

Latest News
Thursday, 18 August 2016

Despite 'green shoots' reports on China's airport activity reported in media this week, Hong Kong-based Cathay Pacific Cargo chairman John Slosar has warned “we expect the (air cargo) operating environment in the second half of the year to continue to be impacted by the same adverse factors as in the first half.  The overall business outlook therefore remains challenging”.


He said the current climate was economically fragile and intensely competitive.


Cathay's cargo revenues for the first six months of 2016 were US$1.21 billion, a decrease of 17.2 per cent over to the same period in 2015.


Its results come as the three major airports in China's Pearl River Delta – Hong Kong, Guangzhou and Shenzhen – all registered higher throughput in July.


At Hong Kong International Airport, tonnage climbed 4.7 per cent to 380,000 tonnes.

HACTL
Cathay Cargo
HACTL
Cathay Cargo