Next year likely to be better for airfreight than 2019, IATA forecasts

Cargo was affected particularly strongly by global economic uncertainty and trade tensions in 2019, but next year could be better, said the International Air Transport Association’s (IATA’s) CEO during a media event on Wednesday. A report released concurrently by IATA confirms that the industry group expects the slowdown that dominated world trade during 2019 to […]

American carriers report more traffic declines with move into 4Q

Americas-based carriers Delta Air Lines and LATAM Cargo shrugged off the move into peak season with continued drops in traffic during October 2019, and in LATAM’s case, reported an even larger year-over-year (y-o-y) decline than that seen in September. Taken on their own, the y-o-y declines mostly cap off an overall difficult year, but considering […]

Asia-Pacific carrier traffic declines from 2018, despite move into peak season

Many of the major Asia-Pacific airlines have now reported their results for October 2019 cargo traffic, and annual comparisons are not spectacular. Air cargo demand in October 2019, although lackluster compared to last year, remains higher month-to-month, indicating the presence of a peak season. For many carriers reporting October statistics, the month was the busiest so far, year-to-date. […]

European carriers hold out hope for holiday season despite mixed October traffic 

European carriers’ mixed preliminary traffic results for October indicate a bumpy entrance into airfreight’s traditional peak season against a backdrop of continued uncertainty in global trade and politics. Air France-KLM, Lufthansa Group and International Airlines Group reported year-over-year declines in cargo traffic. Only Turkish Cargo reported volume growth for the month.   For the first ten […]

IAG Cargo revenues, volumes take hit in 3Q

U.K.-based IAG Cargo reported third-quarter 2019 revenues that were down 9% year-over-year at a constant exchange rate, to €269 million for the period ending Sept. 30. Tonnage was down 5.7% during the quarter, to 162,000 tonnes. Cargo traffic meanwhile, was 4.9% lower at 1.35 billion cargo-tonne kilometers. Cargo yield for the quarter was down 4.2% […]

Airports’ lackluster year continues with August volume declines

Preliminary results for August airport volumes worldwide are out, indicating continued market weakness across the globe. While air cargo holds out hope for conservative increases in volumes moving into the holiday season, the industry is also no longer holding its breath given continued tensions between China and the U.S. and looming Brexit concerns. All regions […]

Delta, LATAM August traffic suffer in weak trade climate 

In the Americas, both Chile-based LATAM Cargo and Atlanta-based Delta Air Lines reported year-over-year declines for the month of August.  Despite the slight reprieve LATAM saw earlier this year in June and July, the return in declines suggests continued impact of weak trade stemming from global political economic conditions on these carriers’ cargo business. Meanwhile, Delta Cargo […]

European, Middle East carriers’ lag in traffic continues into August

Carrier's based in the regions Europe and the Middle East reported mixed cargo traffic results in August as protectionist policies and the upcoming Brexit continue to create friction for global trade. Both Lufthansa Group and International Airlines Group reported year-over-year declines in cargo traffic, while Air France-KLM’s August performance was flat, in comparison to August […]

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 […]

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 […]

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, […]

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 […]
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