China Airlines sees July uptick

CHINA Airlines has recorded a slight improvement in July’s traffic from June, although it still remains low from last year.
CAL spokesman Bruce Chen said that the decline in cargo load factor slowed to just over -10 per cent from June’s -25 per cent, compared to the same months’ results in 2008.
“Barring any surprises, the company may be able to break even this year,” Chen said adding that this was reliant on the global economic downturn not worsening and for oil to remain at $60 to $70 a barrel.
The airline lost US$986 million last year and its cargo revenue in the first half of 2009 was only $400 million, down 50.5 per cent from 2008. However, the start of direct freighter services between China and Taiwan has given carriers a much need boost.

Share this story

Related Topics

Latest news

Delta Cargo to offer the CarePod travel carrier for pets in the US

By Damian Brett

Delta Cargo has introduced a new pet travel carrier, CarePod, which offers real-time updates throughout the journey. After five years…

Read More

Share this story

Logistics industry continues to view US-China trade war as biggest threat

By Damian Brett

The logistics industry continues to see the trade war between the US and China as the biggest threat to global…

Read More

Share this story

SEKO and AGWorld enter partnership to facilitate links amid trade war

By Rachelle Harry

SEKO Logistics and Air & Ground World Transport (AGWorld) have entered a partnership that will generate opportunities for shippers doing…

Read More

Share this story