CATHAY Group has reported an increase in cargo volumes for June 2025 compared with June 2024.
Chief customer and commercial officer Lavinia Lau said their Cathay Cargo business carried more than 130,000 tonnes of cargo, 6.3% more than June last year.
Available freight tonne kilometres (AFTKs) rose by 5% while load factor decreased by 1.1 percentage points year on year.
During the first six months of 2025, the total tonnage increased by 11.3% compared with the same period for 2024.
Ms Lau noted the impact of tariffs on global trade.
“Our cargo business continued to see year-on-year growth in June, largely due to tariff timelines and resulting market behaviour,” Ms Lau said.
An economic update from Westpac has noted the likelihood of further tariffs from the US being announced in August.
Ms Lau said Cathay had observed “significant growth in tonnage from Southeast Asia and the Taiwan region to the Americas, driven by both general cargo and high-tech electronics”.
She said their Cathay Pharma solution “performed well across long-haul trade lanes in particular”.
“For July, we expect demand uncertainties to persist and we will continue to closely monitor developments over the coming weeks,” Ms Lau said.
Cathay Pacific also reported carrying 25.2% more passengers in June 2025 compared with June 2024.
Ms Lau said Cathay Pacific set a new post-pandemic record by carrying over 90,000 passengers on 28 June, while also achieving a highest single-day load factor so far this year of 93.4% on the same day.
HK Express also carried more than 580,000 passengers in June 2025, an increase of 16.5% year on year, while Available Seat Kilometres (ASKs) grew by 32.1%.