Air China Cargo suffers from weak demand
April 30, 2014 Category Airlines and airports, Logistics
Air China Cargo continued last year to suffer from weak demand and overcapacity in the market. The unit, in which Cathay Pacific Airways has a 49% stake, saw losses of CNY349 million. Cargo yield, or the revenue for every ton per kilometer, dropped to CNY1.57 from CNY1.69. The carrier ferried 1.46 million tons of cargo, down 0.3% on the year.
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