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

Airfreight dives in Asia – should we panic?

The Association of Asia Pacific Airlines published February international traffic results and, for cargo, the news is bleak, down 12 percent, year-over-year. But as David Harris points out, from sister publication Cargo Facts, data from January and February are often skewed by the timing of the Chinese New Year – especially compared y-o-y during the […]
  • David Harris
  • March 31, 2016

IATA sees ‘a solid start to the year’

The International Air Transport Association released its airfreight market analysis for January 2016, showing a 2.7 percent year-over-year increase in worldwide cargo traffic (in freight tonne kilometers flown), slightly better than we had anticipated based on the results available from individual carriers, handlers and airports. David Harris, editor of our sister publication, Cargo Facts, gives […]
  • David Harris
  • March 7, 2016

HKIA reverses recent declines in cargo

Despite being the world’s busiest cargo airport for the last five years, Hong Kong International Airport (HKIA) halted a recent skid by posting a 1 percent year-over-year gain in cargo volume in September, reaching 368,000 tonnes for the month. The relatively modest y-o-y increase came mostly from a 3 percent surge in September exports, y-o-y, […]
  • Randy Woods
  • October 20, 2015

Airfreight traffic stagnates in dog days of August

As we head deeper into autumn and ever-closer toward peak season, the airfreight traffic numbers for August provided some pockets of good news, but offered little encouragement that the current air cargo stagnation has abated. According to reports from the International Air Transport Association (IATA), WorldACD and Drewry, August 2015 provided only the slimmest of […]
  • Randy Woods
  • October 5, 2015

Asia-Pacific airfreight growth slows in May

While the growth is not as spectacular as the air cargo boom at the start of the year, Asia-Pacific-based cargo carriers report a still-respectable 2.9 percent rise, year-over-year, in freight tonne kilometers (FTK) in the month of May, according to the latest preliminary traffic data released by the Association of Asia Pacific Airlines (AAPA). “International […]
  • Randy Woods
  • June 23, 2015