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

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

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

American Airlines’ cargo revenue falls 15% in 2Q19

American Airlines’ cargo traffic fell 16.2% during the second quarter to 644 million cargo ton miles, or about 940 million freight tonne kilometers, leading to a 15.4% decline in cargo revenue, the company said this week during its earnings call.  “Our cargo yields were slightly higher during the quarter, but year-over-year scheduled reductions and falling demand in Asia and Europe markets meant that cargo revenue fell […]
  • Caryn Livingston
  • July 26, 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

European carriers report mixed results for June

In the first look at European carrier results for June, mixed results indicate ongoing concerns over protectionist policies on global trade are justified. Both Lufthansa Group and Air France-KLM reported year-over-year declines in cargo traffic, while International Airlines Group’s June performance was mostly flat with 2018. Only Turkish Cargo reported significant growth for the month. […]
  • Caryn Livingston
  • July 16, 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

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

FedEx reports significant 4Q loss due to economic weakness, trade issues

This week, Memphis-based FedEx reported a 3.0% year-over-year increase in revenue for its 4QFY19, ended 31 May, to US$17.80 billion. Operating income during the quarter was mostly flat at 0.9% to $1.31 billion, and the company reported a net loss of $1.96 billion, down from $1.13 billion income for 4QFY18.  The Express segment saw weak performance for […]
  • Chelsea Toczauer
  • June 26, 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

North American cross-border airfreight flat in April

Freight as valued in USD between the United States, Canada and Mexico bucked trade tensions to increase 1.8% year-over-year during April. However, that gain was realized primarily from oceangoing vessels, pipelines and trucking, while airfreight – making up the smallest overall modal share at $3.8 billion – was flat compared to April 2018.  Despite the dissolution of the North American […]
  • Caryn Livingston
  • June 25, 2019

Iran airspace restrictions set to impact major cargo carriers

The current Iran-U.S. military confrontation, which today led the Federal Aviation Administration (FAA) to issue a Notice to Airmen (NOTAM) prohibiting U.S.-registered aircraft from operating over the Persian Gulf and Gulf of Oman, is set to have major cargo implications for European and Asian carriers. Following the FAA notification, the European Organization for the Safety […]
  • Caryn Livingston
  • June 21, 2019

LATAM, Delta Cargo report cargo traffic declines for May

In the Americas, Chile-based LATAM Cargo and Atlanta-based Delta Air Lines reported continued year-over-year declines in cargo traffic for the month of May. The former saw the second month in a row of year-over-year traffic declines, tipping the year-to-date performance into a decline, while Delta Cargo extended the double-digit declines of April, worsening its year-to-date […]
  • Caryn Livingston
  • June 17, 2019
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