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Cathay Cargo Tonnage Up 10.6% in March, Q1 Growth Hits 12%

Cathay Cargo carried 10.6% more cargo in March 2025 than in March 2024. Available Freight Tonne Kilometres (AFTKs) increased by 8.5% while load factor decreased by 1.2 percentage points year on year. In the first three months of 2025, the total tonnage increased by 12% compared with the same period for 2024.

Chief Customer and Commercial Officer Lavinia Lau said:“Specialist solutions continue to be our area of focus. We saw notable growth in Cathay Priority during the quarter end and are pleased to have launched our refreshed Cathay Fresh solution to provide a high-quality, dependable and consistent service for transporting perishables.

“Furthermore, we have recently achieved an industry first with our new intermodal cold-chain route via the Hong Kong–Zhuhai–Macao Bridge, delivering chilled seafood from Southeast Asia into the Greater Bay Area through our Hong Kong hub.

“We expect a softening of general air cargo demand between the Chinese Mainland and the United States due to the ongoing tariff situation and de minimis rule changes from early May. However, our network strength and flexibility in redeploying our freighters will allow us to adapt and redirect our focus to emerging opportunities. We will stay close to the market and monitor the developments vigilantly.”

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