LATAM sees dip in Q2 cargo traffic, revenue

LATAM Airlines’ cargo traffic declined 2.9% y-o-y during the second quarter to 849 million freight tonne kilometers (FTKs), leading to a 10.2% y-o-y decline in cargo revenue to US$269.3 million, the company said today during its earnings call. LATAM said that these figures were particularly impacted by the sale of the company’s former subsidiary MasAir in the second half of […]
  • Chelsea Toczauer
  • August 14, 2019

HKG begins recovery of full flight operations

Hong Kong International Airport (HKG) today began the rescheduling and recovery of its flight operations, as protesters released a statement apologizing for the disruption that they had caused over the last two days. Late last night, the airport authority obtained an injunction against the unlawful and willful obstruction of or interference with the proper use […]
  • Jeff Lee
  • August 14, 2019

Flights canceled for second day in a row at HKG, but minimal impact on freighters

HONG KONG – Hong Kong International Airport (HKG) announced the suspension of all check-in processes at around 4:30 p.m. local time this afternoon after protesters occupied much of the passenger terminal, resulting in the cancellation of a large number of flights scheduled to depart in the evening. However, the scale of the cancellations was nowhere […]
  • Jeff Lee
  • August 13, 2019

Slow trade lingers in European carrier traffic stats for July 

In July’s first look, European carriers reported mixed results, indicating that the impact of protectionist policies on global trade and major carriers’ traffic lingers. Both Lufthansa Group and Air France-KLM reported year-over-year declines in cargo traffic, while International Airlines Group’s July performance was flat, in comparison to 2018. Only Turkish Cargo reported significant volume growth for the month.  For the first […]
  • Chelsea Toczauer
  • August 13, 2019

HKG freighter flights mostly unaffected by ground stop

HONG KONG – Freighter flights have continued to depart and arrive at HKG as usual, despite a flight stoppage ordered by Hong Kong’s airport authority today. However, cargo was booked to fly on many of the canceled passenger flights, and so shipments moving in the belly hold will likely encounter delays in the days to […]
  • Jeff Lee
  • August 12, 2019

Turkish Cargo growth continues in July  

Turkish Cargo’s preliminary figures for July show the carrier has continued to outpace the overall air cargo market with continued growth, even in the volatile global political-economic environment.   Turkish Cargo reported a 12.2% y-o-y increase in cargo volumes during July, to just over 134,000 tonnes. For the first seven months of 2019, cargo volumes are up […]
  • Chelsea Toczauer
  • August 12, 2019

Air France-KLM traffic declines continue into July 

Today, Air France-KLM released its preliminary figures for July traffic, marking a continued decline in demand seen during June.  Traffic for the European carrier declined by 5.8% y-o-y to 694 million FTKs. Both Air France and KLM saw similar declines in traffic of 5.7% y-o-y to 317 million FTKs and 5.9% to 377 million FTKs, respectively, […]
  • Chelsea Toczauer
  • August 8, 2019

Airfreight demand languishes in IATA June report 

The International Air Transport Association (IATA) released data today indicating that cargo traffic, measured in freight tonne kilometers (FTKs), decreased by 4.8% year-over-year in June. Year-to-date demand is down 3.6% y-o-y. The further decline in traffic from last month suggests the air cargo industry is still in the doldrums as political economic volatility slows worldwide trade.  Freight capacity […]
  • Chelsea Toczauer
  • August 7, 2019

WorldACD, Drewry June figures snap dismal picture of 1H2019  

Following the challenging political and economic conditions experienced over the first half of 2019, WorldACD released its report indicating a decrease of 9% in international airfreight volumes year-over-year for the month of June. Meanwhile, Drewry said airfreight prices are continuing to rise.  According to WorldACD, airlines suffered a y-o-y decrease of almost 15% in revenue, combined with a […]
  • Chelsea Toczauer
  • August 1, 2019

Cathay Pacific develops solution for lithium-ion batteries on freighters

Standalone lithium-ion batteries can once again be carried by Cathay Pacific Cargo on its freighter aircraft, after the carrier developed and introduced a fire-containment bag. Shipments of standalone lithium-ion batteries are a significant driver of freighter traffic, especially given the growth of e-commerce and personal electronic devices. Under a provision adopted by the ICAO Council in February 2016, lithium-ion […]
  • Jeff Lee
  • August 1, 2019

AAPA: Industry weakness persists with June’s 7.2% declines in FTKs for Asia

The Association of Asia Pacific Airlines (AAPA) released preliminary traffic figures indicating a 7.2% year-on-year decline in air cargo demand as measured in freight tonne kilometers for June. According to the AAPA, this is the eighth consecutive month of declining traffic and volumes for the region.  The average international freight load factor for the month fell 5.1 percentage points to […]
  • Brianne Ledda
  • July 29, 2019

Airport volumes slump in June gloom 

Preliminary results for June airport volumes worldwide are out, indicating continued market weakness across the globe, though this come as no surprise given continued tensions between China and the U.S. and looming Brexit concerns. Many leaders in air cargo are maintaining conservative outlooks on volumes for the rest of 2019 due to this sustained market volatility.   All […]
  • Chelsea Toczauer
  • July 26, 2019

UPS reports Q2 growth on strong Next Day Air demand, announces new services and drone application 

Today, UPS reported second-quarter 2019 net income was up slightly by 1.0% year-over-year to $1.70 billion, on revenues that were up by 3.4% at $18.1 billion. Operating profit for the quarter grew 6.3% to $1.23 billion, as the company leveraged rising demand for U.S. Next Day Air service and cost management strategies in its International Package and Supply Chain and Freight segments.  The company also […]
  • Chelsea Toczauer
  • July 24, 2019

LATAM, Delta June traffic remains weak in volatile market climate 

In the Americas, Chile-based LATAM Cargo reported flat year-over-year cargo traffic and Atlanta-based Delta Air Lines reported continued year-over-year declines for the month of June.  The former saw a reprieve from the declines in year-over-year traffic it posted over the past two months, although its year-to-date performance remains in decline, while Delta Cargo entered its third consecutive month of double-digit declines that began in […]
  • Chelsea Toczauer
  • July 19, 2019
Page 1 of 4412345 » 102030...Last »