Cathay Pacific Airways reported a cargo revenue increase of 8% to HK$24 billion in 2024, driven by strong demand and higher freight rates, with cargo volume up 10.9% to 1.53 million tonnes. The airline expanded cargo capacity, despite a slight drop in load factor. Growth was notable in e-commerce shipments, perishables, pharmaceuticals, and automotive components. Additionally, Cathay’s stake in Air China decreased due to external share issuance. The airline also reported a profit of HK$9.89 billion and emphasized a commitment to sustainability and future growth through investments and expanding cargo capabilities.

Source: https://www.stattimes.com/latest-news/cathay-group-reports-cargo-growth-and-stake-dilution-in-2024-results-1354721