Hactl’s November results reveal healthy market, even as growth rates slow down

Despite slowing year-over-year growth rates in monthly annual comparisons, demand for airfreight still appears to be extremely strong – at least it is at the world’s largest cargo hub. Hong Kong Air Cargo Terminals Limited (Hactl) reported that it had broken three records during the first week of November, indicating the industry’s position in the […]
  • Charles Kauffman
  • November 15, 2017

First look at October cargo shows continued demand, but slowing growth

Soaring yields and the backlogs building in Asian hubs offer ample testimony to that demand for airfreight is still strong. We are clearly in the middle of a great peak season, and anyone who didn’t book space long ago is suffering. But the rate of growth is falling. David Harris, of sister publication Cargo Facts, […]
  • Randy Woods
  • November 15, 2017

Volume growth slows at Fraport’s airports in October

The steady growth story at Fraport Group’s airports appears to be winding down at last, as cargo volumes at Frankfurt International Airport (FRA) rose by only 0.7 percent, year-over-year, in October to 192,263 tonnes. The slowdown in growth is hardly cause for alarm, however, as October’s total cargo volumes at FRA rank as the second-highest […]
  • Caryn Livingston
  • November 10, 2017

Virgin Australia daily Melbourne-Hong Kong route meets demand for cargo capacity

Virgin Australia will launch a daily Melbourne-to-Hong Kong service on Nov. 12 that the carrier says will accommodate growing demand for cargo capacity between Australia and China, driven by a combination of the peak season for perishables season, the growth of e-commerce and rising express freight business from Hong Kong. Virgin Atlantic’s regional sales manager, […]
  • Lewis King
  • November 9, 2017

Cargo puts Fraport on track to meet 5 percent growth targets for 2017

Fraport’s executive board chairman Stefan Schulte said that, based on performance over the first nine months of the year, the airport operator is “absolutely on course to achieve our annual targets.” The company expects to meet its 5 percent growth target for 2017, in part, due to a strong increase in cargo volumes, up 5.1 […]
  • Lewis King
  • November 2, 2017

Liège rolls out the red carpet for freighters, while competitors cut slots

Liège Airport is investing more than €20 million into new warehouses and cargo handling facilities, opening its doors to the cargo business during a time when other regional airports are struggling with overcapacity and limited cargo slots. Over the course of the next year, Liège plans to add nearly 20,000 square feet of cargo facilities, […]
  • Lewis King
  • October 30, 2017

Will year-over-year gains begin to decline in September?

Those robust year-over-year monthly gains in air cargo volumes that became the ‘new normal’ over the last year might prove a little more elusive in the months ahead, starting this September according to Cargo Facts senior editor David Harris. With peak season ramping up, and the industry crowing about surging e-commerce volumes, such a prediction […]
  • Lewis King
  • October 17, 2017

IATA financial health check-up: High load factors, mixed profit margins

In its September report of the Airlines Financial Monitor, the International Air Transport Association (IATA) highlighted several indicators of financial health for global airlines – most notably that profit margins for European and Latin American airlines widened, that seasonally adjusted load factors for airfreight hit a three-year high in August, and that oil prices are […]
  • Caryn Livingston
  • October 12, 2017

Robust German economy keeps Frankfurt cargo volumes climbing

The German government increased its 2017 economic growth forecast this week to 2 percent for this year, up from its more conservative 1.5 percent estimate in April as the country’s economy steams ahead. At Frankfurt Airport (FRA), a 4.1 percent, year-over-year, growth in monthly cargo volumes for September support that outlook, as strong demand for […]
  • Lewis King
  • October 12, 2017

WorldACD: Volumes keep soaring through August

By all metrics, air cargo enjoyed another great month in August with a 12.9 percent year-over-year increase in volumes for the month alongside even higher direct tonne kilometer (DTK) growth of 14.6 percent, with WorldACD noting the average distance between origin and destination points for airfreight shipments continues to grow. Transport of pharmaceuticals and high-tech […]
  • Caryn Livingston
  • October 5, 2017

Exports are taking off at Rickenbacker Airport

The fashion industry, and the many retailers based in Ohio, have made Rickenbacker Airport (LCK) in Columbus, U.S., a sustainable cargo-only airport for scheduled freighters and charters, such as Qatar Airways Cargo’s 777 freighter flight earlier this month. However, the airport is also seeing dramatic increases in exports for products, including “fashion, auto parts, electronics, […]
  • Caryn Livingston
  • September 22, 2017

Irma recovery efforts continue as next hurricane threatens Caribbean

Even as yet another major cyclone – the Category 5-level Hurricane Maria – plows through the Caribbean region today, cargo groups and nonprofits are scrambling to provide food, medicine and other relief supplies to help the islands recover from the last major storm, Hurricane Irma. Disaster relief charities Airlink, LIFT, Patient Airlift Services (PALS) and Rescue Global have teamed up […]
  • Randy Woods
  • September 19, 2017

IATA sees growth drivers in place for strong finish to 2017

Despite some typically cautious warnings that the current growth cycle may be nearing a peak, industry-wide freight tonne kilometer (FTK) growth is at its strongest pace since 2010 and global business and consumer confidence levels point to solid improvement at least through the third quarter, IATA said in its Q3 2017 “Cargo Chartbook.” According to […]
  • Caryn Livingston
  • September 19, 2017

July volumes rise with global trade support, IATA says

Another month, another double-digit increase in airfreight volume growth. A surge in global trade and business confidence indicators pushed up July demand in freight tonne kilometers by 11.4 percent, year-over-year – proving wrong the International Air Transport Association’s (IATA’s) warning that June was likely the peak of the latest growth period. Instead of peaking at […]
  • Caryn Livingston
  • September 6, 2017
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