Cathay Pacific CEO 'relatively confident' air cargo market will pick up in second half

BEIJING: Cathay Pacific Airways Ltd Chief Executive Rupert Hogg said he was"relatively confident" the air cargo market would pick up in the second half after a weak start to the year.

"We tend to do quite well in cargo but the volumes do go up and down due to general economic sentiment," he told Reuters on the sidelines of a media event in Beijing on Wednesday.The Hong Kong-based airline is one of the world's largest cargo carriers and has previously said it was keeping a close eye on U.S.-China trade tensions.

Cathay Pacific has said that its cargo volumes fell by 5.5 percent in the three months ended March 31, but that the decline was smaller in March than in January and February. The International Air Transport Association last month nearly halved its annual forecast for traffic growth in the air cargo market to 2 percent, citing trade frictions, Brexit and anti-globalization rhetoric.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Pakistan market bomb kills 16, half of them minority HazarasA bomb hidden between bags of potatoes at an outdoor Pakistani market killed at least 16 people on Friday, half of them ethnic Hazaras, officials ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »

Pakistan market bomb kills 16, half of them minority HazarasQUETTA, PAKISTAN (REUTERS) - A bomb hidden between bags of potatoes at an outdoor Pakistani market killed at least 16 people on Friday (April 12), half of them ethnic Hazaras, officials said, in an attack apparently aimed at minority Shi'ite Muslims.. Read more at straitstimes.com.
Fonte: The Straits Times - 🏆 8. / 63 Consulte Mais informação »

SAP CEO aims to double market value to 250-300 billion euros by 2023: reportEurope's largest technology company SAP aims to more than double its market value to between 250 billion euros and 300 billion euros ($282-$338 billion) by 2023, Chief Executive Bill McDermott told a German newspaper. McDermott said SAP's market capitalization had increased to 140 billion euros
Fonte: YahooSG - 🏆 3. / 71 Consulte Mais informação »