In a recent podcast episode, Ronald Lam, CEO of Cathay Pacific, highlighted the vital role of Cathay Cargo during the pandemic, stating it helped sustain the entire Cathay Group. He noted that the airline benefited from Hong Kong’s status as a leading air cargo hub, transporting 1.5 million tonnes of cargo in 2024, a 10% increase from the previous year. Lam emphasized a balanced cargo mix from traditional trade and growing e-commerce, enhancing stability. Cathay Cargo operates 20 Boeing 747 freighters and plans to acquire Airbus A350 freighters starting in 2027, leveraging existing operational familiarity for efficiency.

Source: https://www.stattimes.com/air-cargo/cathay-cargo-kept-the-whole-cathay-group-going-during-the-pandemic-1354411