Cathay Pacific AIRWAIS was reported about the revenue of $ 24 billion in goods in 2024, which reflects an 8 % increase on an annual basis, supported by high shipping and stable demand rates. The airline transported 1.53 million tons of goods, which represents a 10.9 % increase compared to the previous year.
The transport company has expanded its capacity on the goods, as the available kilometers (AFTK) increased by 8.6 %, while the revenue of the kilometers (RFTK) witnessed a 5 % more modest growth. Although a 2.1 percentage point in the cargo loading factor decreased to 59.9 %, the goods return by 2.9 % to $ 2.82 Hong Kong, indicating the pricing of the stable market and strong demand through the main commercial corridors. Cathay Cargo has seen a significant growth in various sectors, which reflects a strong demand for air freight services.
E -commerce shipments from Chinese mainland to long destinations, especially the Americas, have witnessed a significant increase, driven by the global rise in online shopping. The airline has also recorded strong export volumes of chest materials and pharmaceutical preparations, especially from Europe to Hong Kong and other regional destinations, indicating its ability to deal with specialized goods.
The auto sector also contributed to the growth of the airline shipment, with a noticeable increase in transporting car components. This was particularly evident in shipments from Japan and Germany to the main manufacturing centers in Southeast Asia. In addition, technological products, including semiconductors and consumer electronics, have remained a major part of Cathy charging operations. These goods have been mainly transferred along the main trade roads that connect East Asia to North America and Europe. Ronald Lam, CEO of Cathy Pacific Pacific, highlighted the performance of Catho Kago, saying: “Our goods were strong, partially due to the additional abdominal area provided by the increasing passenger trips, which enabled us to carry more goods.”
Reducing the classes of China Airlines in 2024, Cathy Pacific stake in Air China fell after the release of external shares. On December 10, Air China has issued 855 million new shares, reducing Cathy ownership from 15.87 % to 15.09 %. This has one -time profit for about $ 500 million, Hong Kong. Separately, the Air China Cargo menu on the Shenzhen Stock Exchange on December 30 reduced more Cathy interest from 23.99 % to 21.36 %. These were not strategic moves by Cathy Pacific, but rather the result of capital raising procedures in China.
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