Freight volumes decline dramatically to/from Hong Kong reflecting global freight trends

Cathay Pacific, Hong Kong International Airport, Asia Airfreight Terminal (AAT) and Hong Kong Air Cargo Terminals Limited's (HACTL) respective Aug-2011 traffic results revealed two distinctive trends: Passenger traffic to/from Hong Kong remained strong over the summer peak while the weakness in the freight market continued in the month.

The situation in Hong Kong is playing out elsewhere. According to IATA said recently that global freight markets are expected to remain weak throughout the remainder of the year, although a pick-up is likely in the lead up to the Christmas period.