IATA downgrades 2019 outlook for global air transport

The International Air Transportation Association (IATA) reduced its 2019 outlook for the global air transport industry by 21% to $28 billion in a statement released yesterday. IATA had previously forecast the 2019 outlook at $35.5 billion. Under the new forecast, 2019 industry performance is expected to fall under 2018’s net post-tax profits, which IATA estimates […]
  • Caryn Livingston
  • June 3, 2019

ANA sees exports to China plunge in first quarter

Japanese carrier ANA’s airfreight traffic to China took a serious hit in the first three months of 2019, with Shinya Katanozak, president and CEO of ANA Holdings, reporting to local media that the amount of cargo dropped by 24% compared to the same period last year. According to ANA traffic figures, ANA’s overall international cargo […]
  • Jeff Lee
  • May 31, 2019

Global airfreight demand continues slide, with 4.7% drop in April

Those hoping for a springtime turnaround in demand for worldwide airfreight got their hopes dashed today, as the International Air Transport Association (IATA) released its April 2019 cargo figures, showing that the global airfreight market continues to remain weak, with industry-wide freight tonne kilometers (FTKs) dropping by 4.7%, year-over-year, despite some bright spots regionally. Regionally, […]
  • Jeff Lee
  • May 29, 2019

Lufthansa Cargo reduces summer frequencies

Citing weaker air cargo demand compared to the previous two years, Lufthansa Cargo said it is adjusting its summer schedule and reducing the number of flights it will operate in the second and third quarters of 2019. Flights will be cut in line with demand, and customers will be informed of the changes accordingly. The […]
  • Jeff Lee
  • May 28, 2019

Turkish Cargo posts 15.6% tonnage growth in first quarter

Turkish Cargo carried a total of 363,297 tonnes of cargo and mail during the first quarter of 2019, a year-over-year growth of 15.6%, according to traffic results released last week by Turkish Airlines. In particular, sold tonnage increased by 29.1% in the American market and by 15.4% in the Asian market. For the first three […]
  • Jeff Lee
  • May 28, 2019

FTKs for Asia-Pacific carriers slide 9.1% in April

Airfreight demand in the Asia-Pacific region continued to suffer the impact of the trade tensions between China and the United States, with preliminary traffic figures from the Association of Asia Pacific Airlines (AAPA) showing a 9.1% year-over-year drop in freight tonne kilometers (FTKs) for April 2019. According to AAPA, the air cargo volumes of its […]
  • Jeff Lee
  • May 27, 2019

Last chance! Today is the deadline for ACW’s reader survey

Have you taken our Annual Reader Survey yet? If not, hurry! The survey closes tonight at midnight. Today, May 24, is the final day to make your voice heard and help shape the content of future issues of Air Cargo World. As the most important focus of this magazine, you, the reader, need to step up and enter […]
  • Randy Woods
  • May 24, 2019

Automation, capacity, economic woes top supply chain trends report

With the continuing rise of e-commerce demand despite lackluster economic growth, supply chain professionals are most concerned about lack of capacity and rising costs in e-commerce, according to research firm EyeForTransport (EFT), which released its “Supply Chain Hot Trends 2019” report this week. Based on a global survey of 765 supply chain professionals, including retailers, […]
  • Randy Woods
  • May 23, 2019

Virgin Atlantic Cargo doubles service to India with new Mumbai route

After a four-year hiatus, Virgin Atlantic Cargo said it will resume daily service to the fast-growing cargo market of Mumbai from London Heathrow (LHR) in October of this year, following the temporary suspension of India’s Jet Airways operations. With a first flight scheduled for Oct. 27, the U.K.-based Virgin Atlantic said the 787-9 aircraft will […]
  • Randy Woods
  • May 22, 2019

Panalpina opens Prague warehouse for auto parts

After agreeing to be purchased by Danish logistics firm DSV earlier this year, Swiss forwarder Panalpina has not slowed down its own growth, in terms of warehouse space or merger and acquisitions (M&A) activity. Last week, Panalpina participated in an opening ceremony for its new 21,000-square-meter, 28-bay warehouse in Prague. Two-thirds of the warehouse capacity […]
  • Randy Woods
  • May 20, 2019

Asia-Pacific airlines grow cargo revenue, yields in 2018

Despite slower growth in air cargo demand, airlines in the Asia-Pacific region generated US$21.2 billion in cargo revenue in 2018, 11.5% higher than 2017, and increased their yields by 8.9%, year-over-year, to US$0.27 per freight tonne kilometer (FTK), according to preliminary financial performance figures released by the Association of Asia Pacific Airlines (AAPA). The association’s […]
  • Jeff Lee
  • May 16, 2019

WFS, Avinor abruptly cancel plans for Oslo Airport seafood center

Last summer, ground handler Worldwide Flight Services (WFS) had agreed with Avinor AS, Norway’s state-owned operator of Oslo Airport (OSL), that it would create a new cool chain seafood cargo center at OSL that would handle up to 250,000 tonnes of seafood per year. Yesterday, however, WFS and Avinor said the plans for the new facility have been canceled.  “Avinor AS […]
  • Randy Woods
  • May 14, 2019

Agility posts growth in Q1 revenue, airfreight tonnage

Kuwait-based Agility’s airfreight business grew across several trade lanes and sales channels in the first three months of 2019, resulting in a tonnage growth of 5.2% in the first quarter. As a whole, Agility posted a net profit of $66.8 million, 7.3% higher than in the first quarter of 2018. Earnings before interest taxes, depreciation […]
  • Jeff Lee
  • May 13, 2019

IAG Cargo revenues dip in Q1, despite rise in traffic

Like many carriers this year, U.K.-based IAG Cargo said its first-quarter 2019 revenues declined year-over-year, falling to €275 million during the period March 31 for a 2.5% loss, compared to Q1 of 2018, at a constant exchange rate. However, its cargo traffic increased by 2.6% to 1.39 billion cargo tonne kilometers (CTK), thanks to a […]
  • Randy Woods
  • May 13, 2019
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