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 […]
  • Jeff Lee
  • September 4, 2019

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 […]
  • Chelsea Toczauer
  • August 26, 2019

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 […]
  • Chelsea Toczauer
  • August 20, 2019

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 […]
  • Chelsea Toczauer
  • July 26, 2019

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 […]
  • Brianne Ledda
  • July 24, 2019

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 […]
  • Brianne Ledda
  • July 17, 2019

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 […]
  • Chelsea Toczauer
  • June 28, 2019

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 […]
  • Brianne Ledda
  • June 27, 2019

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 […]
  • Randy Woods
  • May 29, 2019

Development efforts pay off as Xi’an welcomes first fifth-freedom flights by Korean Air 

On May 12, Xi’an International Airport (XIY) welcomed the first 777F operated by Korean Air as part of a scheduled flight via Seoul (ICN)-Xi’an (XIY)-Hanoi (HAN) utilizing a 777 freighter. The route launch supports various facets of Chinese regional and national aims to develop aviation hubs in line with international network expansion to meet evolving demand in China.   […]
  • Chelsea Toczauer
  • May 14, 2019

Early results point to steep declines in February airport throughput

February cargo throughput results for the world’s airports are still being finalized, but early analysis indicates year-over-year drops in cargo volumes in Europe and Asia, while American airports are close to flat with February 2018 traffic. Almost all airports worldwide posted year-over-year declines in volume for February and declines or very modest growth overall for 2019.   The impacts of an uncertain global trade environment, volatile economic performance across multiple markets and Brexit […]
  • Chelsea Toczauer
  • March 26, 2019

Shifting economic conditions, mixed results in January airport throughput

Cargo throughput results for the beginning of 2019 were mixed, with certain regions performing significantly better than others. Airports in North America saw the majority of growth in cargo volumes in January, while airports in Mainland China saw modest rebounds and European airports experienced a continued decline in cargo volumes following an overall diminished 2018 […]
  • Chelsea Toczauer
  • February 25, 2019

Airports underperform industry cargo growth in December first look

December cargo throughput results for the world’s airport are still trickling in, but early analysis indicates an overall diminished peak season for air freight. With only a couple of exceptions in Europe and Asia, volumes and traffic across most airports posted year-over-year declines in volume for December, and declines or very modest growth overall for […]
  • Chelsea Toczauer
  • January 23, 2019