Hong Kong Airport’s cargo traffic continued to slide in May

Hong Kong International Airport (HKG) reported that air cargo traffic continued its downward slide in May 2019, slipping 7.3% year-on-year to 405,000 tonnes. Cargo imports plunged 9% compared to May 2018, as trade tensions ramp up between China and the United States. The International Air Transport Association (IATA) found that global cargo demand fell 4.7% […]
  • Brianne Ledda
  • June 17, 2019

Cargo was Alaska Air’s fastest-growing unit in Q1

Seattle-based Alaska Airlines reported strong growth for its cargo unit during the first quarter of 2019, even as the overall U.S. domestic air cargo market simmered to a more tepid growth rate. Operating revenues for the carrier’s cargo and other segments rose 22%, year-over-year, to US$50 million for the three-month period ending on Mar. 31. […]
  • Charles Kauffman
  • April 25, 2019

Shanghai, Emirates Top 2019 ACE Awards

Correction: When this story first ran in April 2019, finalist carrier Turkish Airlines was misidentified as being in the “Up to 999,999 Tonnes” annual throughput category as a winner of a Certificate of Excellence for its 101-point ACE score. In fact, Turkish Airlines handled more than 1.4 million tonnes of cargo in 2018, so it should have been placed […]
  • Caryn Livingston & Randy Woods
  • April 3, 2019

IATA: Jan. air cargo volumes represent “worst performance in the last three years”

In a report released today by IATA, data for global airfreight markets indicates that demand for air cargo, measured in freight tonne kilometers (FTKs), decreased by an average of 1.8 percent, year-over-year, in January – which IATA called the “worst performance in the last three years” – while available capacity increased again, by 4 percent, […]
  • Nina Chamlou
  • March 7, 2019

WorldACD: December a ‘double whammy’ as growth shrinks

In its end-of-the-year analysis of the international air cargo market, WorldACD called the month of December – prepare to wince – a “double whammy.” According to the report, air cargo volume growth and yield growth were both negative, year-over-year, during the month. WorldACD said that the last week of 2018 was “particularly worrisome,” noting that […]
  • Nina Chamlou
  • February 1, 2019

WorldACD October report shows modest growth, minimal effect from trade wars

The latest data from WorldACD provides grounds for optimism for those concerned with international demand for air cargo, following September’s discouraging results, when volumes sunk for the first time in years, by 0.9 percent. October’s report, released yesterday, shows a modest 2 percent increase in international volume and a 7 percent increase in air cargo […]
  • Nina Chamlou
  • December 3, 2018

Agility Logistics reports Q2 growth in net income, airfreight volume

Kuwait-based Agility Logistics has released its Q2 2018 financial results, which show a 20 percent increase in net profit and a 14 percent increase in volume, year-over-year, in its airfreight segment for the three-month period ended in June 30, 2018. Its freight forwarding and contract logistics segments were the two major drivers of revenue within […]
  • Nina Chamlou
  • August 7, 2018

K+N releases positive 2018 figures in first-half statement

Today, Switzerland-based forwarding giant Kuehne + Nagel (K+N) released its first-half results for 2018, reporting an airfreight volume increase of 18 percent over 1H17 to 863,000 tonnes. Operating profit (EBIT) in the Airfreight segment increased 20 percent in the half to US$182 million. Looking at the quarterly level, tonnage volume for Q1 increased by 21 […]
  • Nina Chamlou
  • July 19, 2018

IATA: Demand growth slows in May, as protectionist policies loom

May reports from the International Air Transport Association (IATA) and WorldACD show that the 2017 heyday of double-digit growth rates in the global air freight market are officially returning to normal levels. The organization said freight tonne kilometers (FTKs) increased by a moderate 4.2 percent, year-over-year, for the month of May. The figure is an […]
  • Nina Chamlou
  • July 6, 2018

Cathay Pacific reports 7.9 percent increase in cargo traffic in April

Today, Cathay Pacific Group released its April 2018 traffic figures, showing a substantial increase of 7.9 percent in revenue tonne kilometers (RTKs), year-over-year. The month prior, in March, the group’s carriers experienced a decent, if more modest, figure of 4.9 percent year-over-year – an increase that may suggest that carriers can expect to ride out […]
  • Nina Chamlou
  • May 22, 2018

AAPA reports traffic growth in February

In one of the first signs that suggest the Chinese New Year has had little effect on air cargo demand this year, the Association of Asia Pacific Airlines (AAPA) said 2017’s airfreight growth has carried well into the new year, reporting a 7.3 percent increase in air cargo volume in February among its Asia-Pacific member […]
  • Nina Chamlou
  • March 26, 2018

Fraport Group shows growth in revenue, cargo volume in 2017

Largely on the strength of strong performance by its largest property, Frankfurt Airport (FRA), Fraport Group reported increases in both revenue and cargo throughput for 2017, according to a release of its year-end financial statement results. FRA, the company’s major cash cow, has become Europe’s busiest airport in terms of volume; the hub accounted for […]
  • Nina Chamlou
  • March 16, 2018

Airfreight yield and demand growth accelerate in May

With results in from many of the world’s major cargo carriers and airports, it looks like air freight demand growth in May was extremely strong – perhaps not as strong as in March 2017, but an improvement over April (which was by no means weak). From the revenue data available, it appears that yields also increased […]
  • Charles Kauffman
  • June 14, 2017

Cathay Pacific cargo outpaces passenger growth for April

Moving into the second quarter of 2016, Cathay Pacific Airways cargo operations returned to growth, with year-over-year traffic increases that outpaced capacity expansion. Traffic rose by 0.6 percent, to 854,000 revenue tonne kilometers (RTKs), while available tonne kilometers (ATKs) fell 0.8 percent, to 1.345 million. Tonnage, meanwhile, rose 2.1 percent to 148,000 tonnes. Although cargo […]
  • Charles Kauffman
  • May 17, 2016
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