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. […]

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% […]

IATA reports demand increased only 2 percent in September

September traffic data from the International Air Transport Association (IATA) shows a sluggish 2 percent year-over-year growth in demand, measured in freight tonne kilometers (FTKs) – less than half of the five-year average growth rate of 5.1 percent. The report is essentially on par with the WorldACD’s September analysis, which reported an even slimmer growth […]

WorldACD reports rare volume decrease, Drewry cites rising prices

Has the industry just had its first “uh-oh” moment of the year? The sensational airfreight volume growth-spurt has come to a tangible end, with the first recorded year-over-year decrease of 0.9 percent in international airfreight volumes reported by the WorldACD in over two years, occurring during the month of September. Meanwhile, Drewry said airfreight prices […]

IATA reports flattening global demand for airfreight

The International Air Transport Association (IATA) reported a global growth in demand for airfreight measured in freight tonne kilometers (FTKs) of 2.7 percent during June – less than half the rate experienced during the same period last year. Capacity was reported to have grown by 4.1 percent, marking the fourth consecutive month that growth in […]

Panalpina releases positive first-half 2018 results

Swiss forwarder Panalpina reported a first-half net profit of US$36.1 million, up 20.1 percent over 1H17. Gross profit (what some forwarders call net revenue) was up 10.6 percent for the half to $744.4 million, while operating profit (EBIT) jumped 30.2 percent to $54.7 million. This strong performance comes after a long period during which Panalpina […]

LATAM ends streak of 19 consecutive quarterly revenue losses with Q3 spike

The good news is finally in for LATAM Cargo, which overturned a spate of poor quarterly performance to post cargo revenues up 2.5 percent to US$272.2 million for the third quarter – the first year-on-year quarterly increase since Q2 2013. Cargo traffic, measured in revenue tonne kilometers (RTKs), grew 3.5 percent over the quarter. The […]