The effects of the cuts mentioned by spannersatcx are already being felt. The May figures show a 6% decline.
A lot of this I guess is due to the significant reduction in CX flights but CI were down by a third too.
With a stagnant UK economy and soaring fuel prices, the cargo bubble has probably burst and I don't see this as a growth area for a while unless a new operator appears. Speaking of which, there appears to be no mention of the rumoured Jade service - their website only mentions new service this month to Brescia and Barcelona and increased service to AMS.
Suzeman