Airports report weak start to 4Q with mixed October volumes

Preliminary results for October airport volumes worldwide are out, indicating continued market weakness across the globe. While air cargo holds out hope for volumes to stabilize, the start of this year’s fourth quarter is not as positive as many would have hoped due to continued global trade tensions and political uncertainty. Regions posted mixed results […]

Cargolux launches second weekly Luxembourg-Jakarta service

Luxembourg-based Cargolux Airlines launched a second weekly 747 freighter service between Luxembourg (LUX) and Jakarta (CGK), beginning Thursday. The new service departs LUX on Thursdays and arrives in Jakarta on Fridays. The second weekly flight adds to the carrier’s original LUX-CGK service, launched in June of this year, which departs LUX on Sundays and arrives […]

Top 40 Cargo Airports: More movements among the leaders

Still growing – Top 5 airports for growth Among those airports contributing to volatility in airport cargo tonnage during 2018 are four of the five airports reporting the most substantial growth in tonnage during the year. There were no changes in rank for the five airports with the largest handles during 2018 – all major […]

DHL Express plans €131 million expansion at Incheon Airport

DHL Express announced its largest-ever investment in South Korea with a €131 million expansion of its gateway at Incheon International Airport (ICN), according to a company statement on Tuesday. The expansion is expected to be completed by the second quarter of 2022. The DHL Express hub next to ICN opened in 2008 and has since […]

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 […]

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 […]

Trade downturns persist in July airport volumes 

Airports posted their preliminary results for July volumes that indicated a continued weakness in global markets resulting from protective trade policies and political uncertainty.  Asian and European airports’ results denoted those regions are experiencing the greatest impact of continued trade conflicts for the month, which was also reflected the traffic of carriers based in those regions. Only Guangzhou Baiyun […]

Korean Air Cargo increases frequency on South American route 

Korean Air Cargo announced yesterday it is expanding its capacity to South America by increasing its freighter service to the continent to three times weekly beginning Aug. 23. The route, operated with a 777F aircraft, will depart from Incheon (ICN) and fly to Anchorage (ANC), Miami (MIA), Sao Paulo (GRU), Santiago (SCL), Lima (LIM) and Los Angeles (LAX) before returning to ICN. The entire route requires around 70 hours to fly and […]

Airport volumes slump in June gloom 

Preliminary results for June airport volumes worldwide are out, indicating continued market weakness across the globe, though this come as no surprise given continued tensions between China and the U.S. and looming Brexit concerns. Many leaders in air cargo are maintaining conservative outlooks on volumes for the rest of 2019 due to this sustained market volatility.   All […]

Korean Air signs Unilode lease

Earlier this week, Korean Air announced a five-year lease with unit load device (ULD) management company Unilode Aviation Solutions.   Unilode will oversee Korean Air’s fleet of more than 16,000 containers and pallets. In accordance with the agreement, the management company will set up a regional ULD management office at Incheon International Airport (ICN), in addition to taking over Korean Air’s […]

Cargolux Italia adds connection between Milan and Incheon

Cargolux Italia, the Cargolux Airlines subsidiary, launched a new route between Malpensa International Airport (MXP) in Milan, Italy, and Incheon International Airport (ICN) in Seoul, South Korea, yesterday.  The twice-weekly service will depart from MXP on Tuesdays and Sundays. Cargolux expects that the freighters operating the route will primarily transport fashion goods, luxury cars, pharmaceuticals, machineries and perishable goods.  CEO Fabrizio Cortese noted in […]

Market volatility spurs mixed results for May airport volumes

Global airports’ preliminary results for May indicate continued weakness across the board. However, a more nuanced look at individual airports’ volumes, compared to the month prior, shows mixed results as some have seen a slight reprieve in volumes while others have worsened. Overall, figures for the month demonstrate the sustained market volatility the air cargo industry […]

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 […]

ABC expands Norwegian seafood exports with third weekly 747F service

Just two weeks after Avinor AS, the operator of Oslo Airport (OSL), terminated an agreement to work with ground-handler Worldwide Flight Services (WFS) on a planned seafood cargo handling facility, the company expanded its seafood exports from the airport with an additional scheduled freighter service. Yesterday, OSL welcomed the third weekly flight from Russia-based AirBridgeCargo […]
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