InfoAnda - Cathay's cargo, passenger traffic falls in March

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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Cathay's cargo, passenger traffic falls in March AP - Wednesday, April 15 HONG KONG - Cathay Pacific Airways Ltd., Asia's third-largest carrier, said Tuesday its monthly passenger and cargo traffic continued to slide in March amid low demand for business travel and a slump in global trade. ADVERTISEMENT The number of passengers traveling with Hong Kong's flagship airline and its subsidiary Dragonair dropped 3.2 percent to about 2.1 million compared to the same month last year, Cathay Pacific said in a statement. Leisure travel has held up well because heavily discounted fares were available to customers on long-haul journeys but demand for business and first-class travel remained low, the airline said. "The slump in our passenger business continued in March, with overall passenger numbers and load factor both showing a fall from last year's high base, which included the Easter holiday period," said Tom Owen, general manager of revenue management. Cargo and mail shipments for the two airlines combined recorded a decline of 13.7 percent, Cathay Pacific said, as the ongoing financial crisis continued to take a toll on the global airfreight business. Fierce competition amid a shrinking market also put tremendous pressure on the company's cargo yield, the airline said. >____ On the net: Cathay Pacific: http://www.cathaypacific.com/cpa/en_INTL/homepage Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Goldman Sachs calls repaying TARP a "duty"Reuters - 2 hours 21 minutes ago Italy's Astaldi bids to build Turkish motorwayReuters - 2 hours 28 minutes ago Saudi cbank cuts reverse repo rate, holds benchmarkReuters - 2 hours 30 minutes ago Stock futures point lower after dataReuters - 2 hours 42 minutes ago US STOCKS-Surprise drop in retail tempers optimism on economyReuters - 1 hour 6 minutes ago Most Popular – Business Viewed Police nab Norwegian pair during high-speed sex Harry Potter actor arrested over cannabis find Goldman Sachs posts forecast-busting earnings Mummies found in ancient Egypt burial chamber US govt tells GM to prepare for bankruptcy filing View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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