Hong Kong protests exacerbate continued declines in Cathay’s August traffic 

Today, Cathay Pacific reported overall August cargo traffic down 11.6% year-over-year (y-o-y) to 925,487 freight-tonne kilometers (FTKs), signaling the impact of recent airport disruptions at the carrier’s Hong Kong hub and headwinds related to the trade war that already were driving down traffic for the carrier.   August cargo and mail tonnage at Cathay fell 14% y-o-y to 161,394 tonnes. Meanwhile, the cargo and mail load factor fell by 7.5 percentage points […]
  • Chelsea Toczauer
  • September 11, 2019

Weakness in air cargo drags on into July, IATA reports 

The International Air Transport Association (IATA) released data today indicating that cargo traffic, measured in freight tonne kilometers (FTKs), decreased by 3.2% year-over-year in July. Year-to-date demand is down 3.5% y-o-y. The further decline in traffic from last month suggests the air cargo industry is still experiencing the impact of political economic uncertainty.   Freight capacity growth rose […]
  • Chelsea Toczauer
  • September 5, 2019

Korean Air Cargo expands freighter network in response to trade war

Korean Air has launched a freighter flight between Seoul (ICN) and Bangkok (BKK), operated twice a week with a 777F. The carrier has also relaunched a twice-weekly freighter flight between ICN and Manila (MNL), also operated with a 777F. The airline said that, as companies shift production bases to Southeast Asia, the demand for airfreight […]
  • Jeff Lee
  • September 4, 2019

Trade downturns persist in July airport volumes 

Airports posted their preliminary results for July volumes that indicated a continued weakness in global markets resulting from protective trade policies and political uncertainty.  Asian and European airports’ results denoted those regions are experiencing the greatest impact of continued trade conflicts for the month, which was also reflected the traffic of carriers based in those regions. Only Guangzhou Baiyun […]
  • Chelsea Toczauer
  • August 26, 2019

Asian carriers’ July traffic reflects continued impact of trade war

In July’s first look, Asian carriers reported year-over-year declines in cargo traffic across the board for the month, reflecting the continued impact of protectionist policies on global trade in their operations. Taiwan-based EVA Air and China Airlines both saw significant declines in year-over-year traffic, while Mainland China-based China Southern Airlines and Air China also reported lower numbers compared to the same month […]
  • Chelsea Toczauer
  • August 21, 2019

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
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