Delayed arrival of freighters may prevent 'a bloodbath' in air cargo market
Only a trickle of large widebody freighters will join the global fleet this year and, ...
The continued lack of demand for passenger services has prompted a renewed focus on cargo at Cathay Pacific – but forwarders are still tackling high rates amid a slow market recovery.
According to Cathay chief customer and commercial officer Ronald Lam, the Hong Kong-based airline operated just 4% of normal flight capacity in June, up slightly on April and May, but with services still heavily constrained by border restrictions and quarantine measures.
Mr Lam has said he expects Cathay to operate 10% of ...
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