News / Cathay Pacific stays bullish on freighters despite profits being only pie-in-the-sky

© Khunaspix Dreamstime.

Despite significantly growing volumes in the air cargo market, profits from the freighter business remain hard to achieve, delegates at the Freighters and Belly Cargo World Conference heard in Budapest this week.

James Woodrow, director cargo for Cathay Pacific, admitted: “We haven’t made money from freighters in the last three years on a fully costed basis. We are not making a return on them.”

However, during a more upbeat and optimistic session than the airfreight market has seen for some years, he ...