Strategies for thriving in a volatile market [Podcast]

More year-over-year declines in airfreight traffic and cargo handles for October served to cap off a difficult 2019 for global logistics. However, plenty of opportunities are still available for those operators that can pinpoint creative solutions to recent challenges. In this episode of On Air with Air Cargo World, we spoke with Alexandra Kleinschmidt, Vice […]

Challenging first half for Lufthansa Cargo in interim results

Lufthansa Group reported a 2% year-over-year decline in traffic for both the second quarter and first half of 2019, which the group attributed to “lower economic growth and market uncertainty in the face of trade conflicts and Brexit.”  Traffic figures stood at 4.50 billion revenue tonne kilometers (RTKs) for Q2 and 5.24 billion RTKs for the first […]

Robust German economy keeps Frankfurt cargo volumes climbing

The German government increased its 2017 economic growth forecast this week to 2 percent for this year, up from its more conservative 1.5 percent estimate in April as the country’s economy steams ahead. At Frankfurt Airport (FRA), a 4.1 percent, year-over-year, growth in monthly cargo volumes for September support that outlook, as strong demand for […]

Tough market pressure lowers IAG Q3 operating profit

For the last three months, IAG Cargo saw cargo tonne kilometers rise 5.4 percent, year-over-year, to 1.3 billion, while total tonnes of cargo carried fell 18.8 percent, y-o-y, suggesting that the carrier flew less volume longer distances. This, and other factors, led to a third-quarter decline in operating profits of €1.21 billion before exceptional items […]

Encouraging gains reported at Fraport’s airports in September

Air cargo volumes at airport operator Fraport’s facilities rose at all the company’s high-volume airports, except for Lima, which fell another 9.5 percent, year-over-year, on the back of Chile’s ongoing market downturn. At Fraport’s flagship operation, Frankfurt, y-o-y cargo volumes rose 5.8 percent to 176,921 tonnes. While less significant in terms of volumes, Fraport’s two […]

Hot Ho Chi Minh commodities attract Cargolux

Export commodities from Vietnam’s rapidly growing industrial base in Ho Chi Minh City are driving the demand for airfreight, prompting Luxembourg-based Cargolux to increase the frequency of its scheduled freighter service to Ho Chi Minh City to three times weekly, beginning today. Cargolux first launched service to Ho Chi Minh City in 2007 and began […]