All Data Articles – Page 40
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NewsAsia Cargo Monthly: Demand and load factors up in July
Asian airlines continued to register strong improvements in cargo demand during July, while load factors also continued to edge up.Data from the region’s largest cargo carrier, Cathay Pacific, showed that its July cargo traffic increased by 11% year on year to reach 1bn cargo and mail revenue tonne kms.This represents ...
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European airports report best H1 air cargo performance since 2010
European industry body, Airports Council International, said that there had been a surge in freight traffic across the continent during the first half of 2017.An 8.7% increase in traffic was the best first half-year performance since 2010, it said, reflecting improved market conditions not only in Europe, but across the ...
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Airfreight prices jump in July, but rate of improvement narrows
Airfreight rates climbed again in July as volumes continue to soar and forwarders anticipate a strong peak season, but the rate of growth has narrowed.The latest Sea and Air Shipper Insight report from consultant Drewry shows that the average all-in buy rate across 28 major east-west lanes reached $2.64 per ...
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Turkish Cargo sees freight traffic take off in 1H
Turkish Cargo registered a double-digit percentage improvement in cargo revenues during the first half of the year, helped by strong growth in the Chinese market.The Istanbul-headquartered airline saw total cargo revenues increase by 25% year on year during the first six months of 2017 to $580m on the back of ...
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NewsAmericas Cargo Monthly: Airfreight demand continues to soar at US carriers
US airlines continued to see air cargo traffic increase at double-digit percentage levels in July, with improvements recorded at American, Delta and United.United, the largest freight carrier of the three airlines, saw demand increase by 17.1% year on year during the month to reach 279m cargo ton miles (CTM).This is ...
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NewsCathay swings to H1 loss despite improving cargo business
Cathay Pacific recorded a loss in the first half of the year, despite the positive performance of its cargo business (see tables at end of article).The Hong Kong-headquartered airline recorded a loss attributable to shareholders of HK$2bn during the first half, compared with a profit of HK$353m last year. Revenues ...
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Hong Kong Airport continues to report strong cargo growth in July
Hong Kong International Airport continued to report strong growth in its cargo volumes in July as exports continued to thrive.Cargo throughput at the airport increased by 11% year on year in July to reach 422,000 tonnes.The percentage growth is roughly in line with growth reported over the first seven months, ...
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NewsEuropean air cargo monthly: Freight continues to take off at Lufthansa and IAG
Major European airlines saw cargo demand growth accelerate in July, despite some warnings growth may have reached its peak.The latest figures from Lufthansa, IAG and Finnair all point to continued improvements in air cargo demand, with percentage growth in July beating their average for the year to date.Air France KLM ...
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Latin American airfreight continues to struggle
Members of the Latin American and Caribbean Air Transport Association (ALTA) reported a decline in freight tonne-kilometres (FTKs)in the first six months of the year, but the market does appear to be improving.FTKs were 1.8% down in the first six months of 2017 compared with the same period last year ...
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DHL the latest freight forwarder to see margins come under pressure
DHL Global Forwarding is the latest freight forwarder to see airfreight demand and revenues surge during the second quarter, but margins were under pressure as a result of increasing airfreight rates.The Deutsche Post-owned forwarder saw second-quarter airfreight revenues increase by 5.7% year on year to €1.1bn on the back of ...
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NewsAsian airfreight rates on the up, but transatlantic feels the squeeze
Airfreight rates on services from Asia continued to track ahead of last year’s levels in July, while some weakness was noticed on the transatlantic.The latest figures from TacIndex show that airfreight rates on services from Hong Kong to the US increased by 33% year on year in July to reach ...
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Muted airfreight growth for DSV as it digests UTi
Danish-headquartered forwarder and transport company DSV said its airfreight division increased volume by 10% in the first half of 2017, helped by its acquisition of UTi at the start of last year.This put it slightly ahead of the market, which was up 8%, it said in its interim financial report, ...
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NewsOptimistic IATA sees steady air cargo growth
Global freight tonne kilometres (FTKs) put in their strongest first-half performance for seven years, said IATA in its report for the first six months of 2017, published on 2 August.Traffic grew by 10.4% in the first half of 2017 compared to the first half of 2016, the best showing since ...
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Lufthansa Cargo stays in the black as revenues and volumes soar
Lufthansa’s cargo and logistics division recorded improved revenues and operating profits in the second quarter of the year, helped by strong demand growth in its Asia Pacific business.The German airline’s logistics division, which includes Lufthansa Cargo, Jettainer, time:matters and an equity investment in AeroLogic, saw second-quarter revenues increase by 18.8% ...
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June cargo figures a pleasant surprise, says WorldACD
The air cargo market continued to surprise in June, says WorldACD, with a continuation of the volume growth seen for well over half a year, while US Dollar yields have halted their 2015-2016 free fall.The analyst said: “This [growth] trend did not show the slightest tendency of tapering off in ...
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Ahead of market growth for DB Schenker airfreight
German-owned forwarder DB Schenker’s airfreight business grew by 11.4% to reach 613,000 tonnes in the first half of 2017, said Deutsche Bahn AG’s chief executive Dr. Richard Lutz at a press conference to announce the holding company’s interim results.The overall airfreight market was estimated to have grown by around 9% ...
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AF KLM registers Q2 cargo traffic improvement but revenues down
Air France KLM saw cargo traffic and load factors improve during the first half of the year, although it did register a small decline in revenues.The Franco Dutch airline, which last week announced it would invest in Virgin Atlantic, saw second-quarter cargo revenues decline to €506m from €507m last year.Meanwhile, ...
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NewsAsia Air Cargo Monthly: Strong freight demand expected to continue
Asian airlines continued their bumper start to the year in June and expectations are that cargo demand will remain strong for the rest of 2017.The latest Asian airline figures show robust cargo demand in June, with the Association of Asia Pacific Airlines reporting a 10% increase in freight tonne kms ...
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Etihad Airways registers $1.8bn loss in 2016 as cargo comes under pressure
Etihad Airways saw its cargo revenues drop by 10% last year despite an increase volumes, while the overall company slipped to a $1.8bn loss.The Abu Dhabi-hubbed airline recorded cargo revenues of $900m in 2016 compared with a $1bn in 2015. This came despite a 0.8% increase in cargo volumes to ...
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NewsAirports see cargo demand growth reach 2017 high
Cargo demand growth at airports sped up in May, reaching double-digit levels and the highest level so far this year.The latest statistics from industry body Airports Council International (ACI) show that cargo demand improved by 11.1% in May.The region to register the largest growth rate was Europe with an increase ...