Cathay Pacific sees cargo demand picking up after holidays

A Cathay Pacific cargo plane is scheduled to land at Hong Kong International Airport on November 21, 2021, according to a Cathay Pacific passenger plane. BERTHA WANG AFP Hong Kong's Cathay Pacific Airways expects cargo demand to pick up after the National Day holidays on the mainland in the first week of October, but warned that it won't be a repeat of the super-peak it recorded last year.

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Cathay Pacific's views come as global trade bellwethers see lower demand as consumers struggle with rising costs of food, fuel, and housing. Earlier in the month, FedEx withdrew its forecast based on an acceleration in global demand slowdown.