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

May traffic declines reflect trade war damage, says IATA

The International Air Transport Association (IATA) released data today indicating that demand, measured in freight tonne kilometers (FTKs), decreased by 3.4% y-o-y in May. The analysis, which shows a slight improvement from the 5.6% dip in April, confirms previous Air Cargo World reports on May traffic.   Freight capacity growth, which rose 1.3% y-o-y in May, continued to exceed growth in demand for the 13th […]
  • Brianne Ledda
  • July 3, 2019

Reports of dismal May traffic continue into June with early Delta stats

Statistics released by the Association of Asia Pacific Airlines (AAPA) and WorldACD indicate air cargo demand continued to fall during the month, as export activity continued to slow in the face of challenging international business climates. Meanwhile, preliminary stats from Delta Air Lines suggest June is likely to be even slower.  WorldACD reported that general traffic for cargo measured in freight tonne kilometers (FTKs) decreased 5.0% in […]
  • Chelsea Toczauer
  • July 2, 2019

Market volatility spurs mixed results for May airport volumes

Global airports’ preliminary results for May indicate continued weakness across the board. However, a more nuanced look at individual airports’ volumes, compared to the month prior, shows mixed results as some have seen a slight reprieve in volumes while others have worsened. Overall, figures for the month demonstrate the sustained market volatility the air cargo industry […]
  • Chelsea Toczauer
  • June 28, 2019

DHL Global Trade Barometer predicts air trade contraction

The DHL Global Trade Barometer forecasts for global air trade dropped six points from March to a new index of 49, indicating a slight contraction over the next three months.  Most countries are expected to see air trade decline, with the largest contractions expected in Japan (-11 points) and the U.S. (-8 points). Further declines are expected in India […]
  • Brianne Ledda
  • June 27, 2019

UK retailers expect overseas demand spike this summer, says Royal Mail

This summer, 66% of SME retailers in the United Kingdom expect an increase in sales, and 39% expect to see an increase in overseas sales, according to a June report from the U.K.’s Royal Mail postal service.   The retailers surveyed reported that increased demand for summer goods will push the anticipated spike, thanks to warmer weather and vacation season. Almost three-quarters of retailers surveyed […]
  • Brianne Ledda
  • June 26, 2019

European carriers report rebound in May traffic 

In May, European-based carriers Air-France-KLM, International Airlines Group and Lufthansa Cargo Group reported year-over-year increases in their monthly traffic results. Carrier traffic performance this month shows a slight recovery from the declines these carriers reported in earlier months.  Air France-KLM’s May traffic rose 4.3% y-o-y across the group to 731 million FTKs. Both Air France and KLM contributed to […]
  • Chelsea Toczauer
  • June 20, 2019

Asian carriers report mixed traffic for May

In Asia, Taiwan-based EVA Air and China Airlines reported year-over-year declines, while China-based China Southern Airlines and Air China reported mixed results in their traffic for the month of May. Singapore Airlines, meanwhile, saw a continued decline in its traffic this month.  EVA Air’s cargo traffic, measured in freight tonne kilometers (FTKs) declined 6.0% year-over-year for the Month of May to 300 million FTKs. Load […]
  • Chelsea Toczauer
  • June 19, 2019
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