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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]
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