News / Cathay Cargo bullish on demand, despite 2023 earnings collapse

Cathay Pacific said this week it had “finally left Covid behind” last year, and despite the return of belly capacity bringing a cargo earnings collapse, claimed to be upbeat.

Revenue for Cathay Cargo over 2024 dropped 17.9%, year on year, to HK$22.1m (US$2.82m) as the resumption of passenger services brought a 59.7% increase in available tonne km and a drop in revenue per tonne km of 48.5%.

Despite this, at IATA’s World Cargo Symposium this week, ...