Cathay Pacific Freight Traffic Down 10.7% In May

Cathay Pacific Airways Ltd CPCAY reported a 10.7% drop in its freight traffic in May. The number of passengers carried climbed 6.8% y/y. The airline carried 123,403 tons of mail and cargo in May, a decline of 5.9 percentage points. It carried a combined 2.36 million passengers, an increase of 0.2 percentage point on year. Cathay Pacific shares closed at $7.71 yesterday.