Weakness persists in Asian carriers in December first look

In December’s first look, Asian carriers reported mixed year-over-year declines in cargo traffic. While the protracted impact of volatile global trade relations contributed to most carriers reporting traffic declines for the month, growth in month-over-month figures suggest the industry may see improvement into 2020. Mainland China-based Air China and Singapore Airlines were hit hardest for […]

Cathay, Ethiopian and Allegiant select WFS for ground handling in North America

One of the world’s largest cargo-handling firms, Worldwide Flight Services (WFS), expanded its business even further today by signing new contracts with Cathay Pacific, Ethiopian Airlines and Allegiant Air to provide ground-handling support for the carriers at several airports across North America. At Newark International Airport (EWR), Cathay Pacific has extended its passenger-handling agreement with […]

Cathay Pacific’s Sze and Ruggiero talk perishables and plans for 2020 [VIDEO]

LOS ANGELES – At this year’s Cool Chain Association Americas conference, Cathay Pacific Cargo’s Cargo Products Manager Gary Sze and VP for Cargo Americas Fred Ruggiero told Air Cargo World about evolving global perishables markets and Cathay’s plans to tap into these markets in the coming year. The pair discusses continued growth for perishable shipments […]

3 key trends in innovation of cool chain shipping

LOS ANGELES – With about one third of the world’s food going to waste each year at a cost of USD$1 trillion, air cargo hosts a vital role in reducing this amount both for environmental and business purposes. Stakeholders in air cargo estimate that as much as 45% of food shipped along supply chains goes […]

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. […]

Mixed September results for Asia-Pacific carriers provide hope for peak season

Asia-Pacific carriers mostly reported year-over-year traffic declines for September, but some improvements from results earlier in the year suggest that the lead-up to peak season may indicate better things ahead for the remainder of 2019. Year-over-year comparisons are also becoming less difficult for carriers with the approach to 2020 because the declines that have hampered […]

Hong Kong protests exacerbate continued declines in Cathay’s August traffic 

Today, Cathay Pacific reported overall August cargo traffic down 11.6% year-over-year (y-o-y) to 925,487 freight-tonne kilometers (FTKs), signaling the impact of recent airport disruptions at the carrier’s Hong Kong hub and headwinds related to the trade war that already were driving down traffic for the carrier.   August cargo and mail tonnage at Cathay fell 14% y-o-y to 161,394 tonnes. Meanwhile, the cargo and mail load factor fell by 7.5 percentage points […]

DB and Lufthansa reach settlement over price-fixing saga

The long running air cargo price-fixing cartel edged closer to resolution this week, as Deutsche Bahn and Lufthansa reached an undisclosed settlement for the carrier’s alleged participation in a price-fixing cartel that operated between 1999-2006.   When Deutsche Bahn first filed the claim to German courts in 2013, it sought more than US$1.5 billion in damages from 11 carriers that had been found guilty by the U.S. […]

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. […]

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 […]

HKG freighter flights mostly unaffected by ground stop

HONG KONG – Freighter flights have continued to depart and arrive at HKG as usual, despite a flight stoppage ordered by Hong Kong’s airport authority today. However, cargo was booked to fly on many of the canceled passenger flights, and so shipments moving in the belly hold will likely encounter delays in the days to […]

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 […]

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 […]
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