Beleaguered LATAM Cargo posts disappointing May numbers

LATAM Cargo’s May airfreight numbers reveal more disappointing news for the struggling South American carrier. Revenue tonne kilometers (RTKs) were down 11.9 percent, year-over-year, from 303 million in May 2015 to 267 million last month. Available tonne kilometers (ATKs) fell 6.7 percent, y-o-y, from 591 million in May 2015 to 552 million in 2016, but […]
  • Lewis King
  • June 9, 2016

New cargo terminal at Mumbai to meet e-commerce growth

Air cargo volumes at Mumbai International Airport Ltd. (MIAL) are on the rise, and a new domestic air cargo terminal that opened earlier this week is expected to allow the airport to capture a larger portion of India’s booming e-commerce market. The new, 60,000-square-foot facility will contribute an additional 300,000 metric tonnes of capacity and […]
  • Lewis King
  • June 9, 2016

Global airfreight FTKs rebound, but soft demand may continue

IATA’s latest market analysis for April revealed a marked shift from the first quarter of 2016, with growth in freight tonne kilometers (FTKs), up 3.2 percent, year-over-year, the fastest expansion recorded in a 12-month span, based on data collected from IATA carriers. All markets, with the exception of Latin America, showed growth in April. Even […]
  • Charles Kauffman
  • May 31, 2016

Improved numbers obscure lackluster performance in April

The latest Drewry East-West Airfreight Price Index hinted that a spring rebound may be in store for air cargo , with their index rising 0.9 points in April to a reading of 80.4, following a 0.3 point gain in March. However, optimism that airfreight would rebound in April after a lackluster first quarter may be […]
  • Lewis King
  • May 31, 2016

New report touts potential of Southeast Asia’s e-commerce

Although a new study by Google and Singapore’s sovereign wealth fund Temasek projects the  Southeast Asian e-commerce market to reach US$200 billion by 2025, the region’s air cargo capabilities remain underdeveloped, according to Cainiao, the logistics unit of Chinese e-commerce giant Alibaba. This week’s Temasek-Google report underscores just how important the market will become in […]
  • Lewis King
  • May 25, 2016

“The Asian 6” to reshape supply chains

DHL highlighted the persistent growth potential of the Asia-Pacific (APAC) region, and urged all links in the supply chain to take note of emerging trends and plan strategically, to capitalize on such opportunities with the recent release of its “Demystifying Asia Pacific Trade Trends” white paper (see graphics below). Shifting centers of production will alter […]
  • Charles Kauffman
  • May 25, 2016

Qatar Airways raises stake in IAG – again

For the second time in less than a month, Qatar Airways Ltd. increased its stake in IAG SA, an airline holding group with a portfolio that includes British Airways, Iberia Airways and other prominent airlines. Qatar Airways’ move to bump its stake to 15.1 percent comes on the heels of a recent jump from 9.99 […]
  • Charles Kauffman
  • May 18, 2016

Cargojet back in the black for Q1

Canada-based CargoJet reported a net profit of US$34 million during Q1 of 2016, representing its first quarterly profit after more than two years of losses. During fiscal year 2015, the company reported a net loss of $14 million from start-up costs associated with its $1 billion overnight contract with Canada Post. In Q1 2016, investments […]
  • Charles Kauffman
  • May 16, 2016

Cargo traffic rises as losses deepen for SIA Cargo

SIA Cargo reported a loss of US$36.3 million, even as traffic rose 2.6 percent, year-over-year, in 2015, which, according to its financial calendar, ended on March 31.  Although operating expenses were indeed driven down by lower fuel costs, falling $122.7 million for the year, yields fell at an even faster pace, down 11.6 percent. Declines […]
  • Charles Kauffman
  • May 16, 2016

Two routes become four in IAG Cargo’s Middle East expansion

Citing a growing economy in the Gulf region and an expected surge in traffic to Qatar for the coming World Cup football tournament in 2022, IAG Cargo said it plans to split two of its current routes to the Middle East region into four separate services. This year, IAG Cargo said it will split its […]
  • Randy Woods
  • May 13, 2016

YTO plans larger aircraft for international expansion

China’s third-largest express delivery company, YTO Express Airlines, has formally announced plans to introduce at least three widebody freighters into its fleet by 2018 as it prepares to expand its presence beyond its home market, according to a report from China Aviation Daily. YTO Airlines’ parent company, YTO Express, operates a robust ground delivery network, […]
  • Charles Kauffman
  • May 13, 2016

Etihad Airways Cargo tonnage up 4 percent in 2015

Abu-Dhabi-based Etihad Airways reported its largest net profit ever in 2015, a figure that jumped 41 percent, year-over-year, to US$103 million. Low oil prices and strong demand for cargo, passenger and other ancillary services helped elevate the carrier’s profitability last year. Cargo tonnage, in particular, grew by 4 percent to 591,000 tonnes. Growth in cargo […]
  • Charles Kauffman
  • April 28, 2016

IATA: Air cargo CFOs remain confident in 2016

Now that the first quarter of fiscal 2016 now in the past, results are in from IATA’s most recent airline business confidence survey, and gauging from the responses of airline CFOs and cargo heads surveyed – their outlook is bullish for the remainder of the year, despite a perceived weak first quarter. IATA’s survey takes […]
  • Charles Kauffman
  • April 27, 2016

CFA 2016: Challenges, opportunities for Indian airfreight

HONG KONG — Attendees hit the ground running at today’s commencement of the fifth annual Cargo Facts Asia symposium, held in Hong Kong. Participants enjoyed both informative panel discussions, as well as ample opportunities to connect with the industry’s best and brightest. The conference began with an exploration into the opportunities and challenges facing India’s airfreight […]
  • Charles Kauffman
  • April 19, 2016
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