Cathay CEO and chief customer & commercial officer resign

Cathay Pacific’s chief executive officer, Rupert Hogg, and chief customer and commercial officer, Paul Loo, have both resigned on the back of the airline’s involvement in recent events in Hong Kong. Augustus Tang has been appointed the new CEO while Ronald Lam will be the new chief customer and commercial officer, effective from next Monday. […]
  • Jeff Lee
  • August 16, 2019

The Freight 50: Sharpest climbs and falls among carriers

As noted in this year's Freight 50 feature, DHL reported the strongest y-o-y growth during 2018. The second-fastest grower on the list, Vietnam Airlines, made its first appearance on the Freight 50 list at the No. 46 spot thanks to year-over-year growth of 170.2% during 2018. Although many Chinese carriers have struggled to maintain growth […]
  • Caryn Livingston
  • August 16, 2019

The Freight 50: 2018’s top carriers standing strong in the face of headwinds

Signs of a slowdown in global trade and airfreight demand had already begun to surface last year, and in 2019 have materialized into a challenging global economic environment. This year’s headwinds, however, did not come as a major surprise to the industry, where leaders had warned of the eventual consequences of erecting trade barriers and […]
  • Staff Reports
  • August 15, 2019

LATAM sees dip in Q2 cargo traffic, revenue

LATAM Airlines’ cargo traffic declined 2.9% y-o-y during the second quarter to 849 million freight tonne kilometers (FTKs), leading to a 10.2% y-o-y decline in cargo revenue to US$269.3 million, the company said today during its earnings call. LATAM said that these figures were particularly impacted by the sale of the company’s former subsidiary MasAir in the second half of […]
  • Chelsea Toczauer
  • August 14, 2019

HKG begins recovery of full flight operations

Hong Kong International Airport (HKG) today began the rescheduling and recovery of its flight operations, as protesters released a statement apologizing for the disruption that they had caused over the last two days. Late last night, the airport authority obtained an injunction against the unlawful and willful obstruction of or interference with the proper use […]
  • Jeff Lee
  • August 14, 2019

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

A new Teutonic order: how reimagination guides German innovations in air cargo

Did you know that the success of the Germanic Teutonic Order in the 13th and 14th centuries relied heavily on the innovative adoption and application of horses, crossbows, and brick and mortar? Beyond integrating horses and crossbows into their military combat strategies, which gave them an advantage over various populations, they also constructed brick and […]
  • Chelsea Toczauer
  • August 13, 2019

Forwarders’ focus turns to margins in the uncertain global environment

Now that the major freight forwarders have reported their earnings for the first half of 2019, a look at the market finds one of lower airfreight volumes and positive oceanfreight volumes. However, the lesson learned from years past was that volumes do not always equate to profit. Today, the focus is on profits. Simple common […]
  • Cathy Roberson
  • August 12, 2019

Qantas Freight expands Australia Post agreement

The cargo branch of Australian carrier Qantas, Qantas Freight, announced the expansion of its AU$1 billion (US$675 million) domestic and international airfreight agreement with Australia Post to support growing e-commerce demand for parcel shipment. Under the seven-year agreement, Australia Post will have access to space on Qantas Freight’s freighter fleet, as well as priority access […]
  • Caryn Livingston
  • August 12, 2019

More than strikes, CAAC warning could deal direct blow to Cathay Pacific Cargo

HONG KONG – The Civil Aviation Administration of China (CAAC) has just issued what it called a “severe safety warning” to Hong Kong-based Cathay Pacific in response to what it perceived as “safety risks recently exposed” by the airline. If enforced, the warning could impact not only flights connecting mainland China, but potentially Cathay flights […]
  • Jeff Lee
  • August 9, 2019

21 Air to begin US-Mexico cargo ops

After receiving approval from the United States Department of Transportation, North Carolina-based cargo carrier 21 Air plans to begin scheduled cargo operations between the U.S. and Mexico. The carrier operates two 767 freighters and “looks forward to entering into a long-term ACMI contract with a multi-billion airline group and a global player,” the carrier said […]
  • Caryn Livingston
  • August 9, 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

Delta Cargo traffic continues downhill slide in July

Delta Air Lines reported another decline in traffic for its cargo division during July. The carrier’s cargo traffic declined by 8.5% year-over-year during July, and 8.1% year-to-date. Traffic for July stood at about 180 million cargo ton miles, or 263 million freight tonne kilometers (FTKs). Although still down from July 2018, traffic declines have slowed […]
  • Caryn Livingston
  • August 8, 2019

Cathay Pacific Group’s cargo revenue, traffic, volumes decline during H1

In its interim results for 2019, Hong Kong-based Cathay Pacific Group reported that cargo revenue and volumes declined year-over-year during the first half of 2019 for Cathay Pacific and Cathay Dragon. The company said its cargo declines reflect “weaker global trade brought about in part by U.S.-China trade tensions.” Cargo revenue for the first half […]
  • Caryn Livingston
  • August 7, 2019
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