All Asia articles – Page 94
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News
Tonnage up but rates to shrink in 2015 says IATA
Senior cargo executives at IATA member airlines are predicting that global air freight tonnage will increase next year at its fastest rate since 2010. Yet rates are likely to shrink by a further 5.8 per cent in real terms, intensifying pressure on margins.Brian Pearce, IATA chief economist, told a media ...
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Air cargo rates gain on US port congestion
Air freight rates continued to climb through November on the back of strong peak season demand and conversions from ocean freight as a result of US supply chain bottlenecks.Drewry’s East-West Air Freight Price Index rose a further 5.3 points in November to reach an all-time peak of 120.8 points, exceeding ...
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Indian air cargo export surge hit by US$ yield decline
India’s booming air cargo market has registered a 13.5 per cent surge in outgoing volumes since 2011, although coupled with a “dismal yield” fall of 20 per cent in US$, says research house WorldACD.The Netherlands-based consultancy, which uses primary data from the airlines themselves, said that India’s yield change looked ...
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Asia and Middle East lead November air cargo surge
Asia-Pacific and Middle East carriers led the November surge in global air cargo demand, amid hopes that the momentum will continue into 2015 as international trade improves.Latest market data from the International Air Transport Association (IATA) saw November 2014 demand, measured in freight tonne km (FTK), grow 4.2 per cent ...
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Asia air cargo accelerates
There is further evidence that Asian carriers are leading the parade for increased cargo volumes.Preliminary traffic figures for November released by the Association of Asia Pacific Airlines (AAPA) show that accelerating international air freight demand was driven by strong growth in electronic goods.In freight tonne km (FTK) terms, air cargo ...
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IATA to survey shippers
IATA is to undertake a global shipper survey, its first for four years, to help it learn more ahead of the World Cargo Symposium in Shanghai during March about customers’ increasingly sophisticated requirements.In a presentation at IATA’s Geneva headquarters in December, Glyn Hughes, the association’s new global head of cargo, ...
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Volumes to rise but yields droop, says IATA
Airfreight volumes are set to continue the growth seen in recent months, but yields will be weak, says the International Air Transport Association in its latest survey.The Airline Business Confidence Index published in January reported accelerated growth volumes in the fourth quarter of 2014 compared with Q3, “which is consistent ...
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Drewry: East-West airfreight rates in retreat
Air freight rates retreated from their November high as peak season demand receded.Drewry’s East-West Air Freight Price Index fell 12.6 points in December to 108.2 points, bringing the index down closer to seasonal norms.This brought to an end six consecutive months of rising pricing in which the index had gained ...
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December's dollar yields dip
Air freight volumes continued to rise in December but exchange rate and fuel surcharge fluctuations saw a 2014 end of year fall in dollar-based yields, according to research house WorldACD.December’s healthy year-over-year (YoY) volume growth continued 2014's trend, as chargeable weight increased 6.7 per cent, said the Netherlands-based analyst which ...
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Airfreight growth fails to match capacity
Airfreight volume sustained recent gains in the November to January period but load factors fell in December, thanks to a surge in capacity, said the latest International Air Transport Association Airlines Financial Monitor.IATA said that airfreight volumes continued strong, despite a small contraction in December compared with November, and the ...
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Happy new year in Asia Pacific
International cargo tonne-km rose seven per cent in January 2015 compared with the same month last year, said the Association of Asia Pacific Airlines (AAPA) in its latest preliminary traffic figures.Business was boosted by increased import-export activity in the run-up to the Chinese Lunar New Year, said AAPA.The association noted ...
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ICAO sees cargo improvements
WORLD scheduled airline passenger traffic grew by 5.5 per cent last year, reaching 5.8 trillion passenger-kilometres performed (PKP) – and is expected to increase by six, 6.3 and 6.5 per cent in the years 2014, 2015 and 2016, respectively, according to figures collected by the International Civil Aviation Organisation (ICAO).The ...
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10th B747-8F for Cargolux
CARGOLUX is taking delivery of its latest B747-8 freighter from Boeing.The aircraft, registered LX-VCK and named ‘City of Contern’, is the tenth in a total order of 14.‘The delivery has helped us bring down the average age of our fleet – already one of the youngest in the industry – ...
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dnata wins EU approval in Philippines
UAE-BASED ground handling company dnata’s operation in Manila has secured RA3 cargo certification for its ramp services at Ninoy Aquino International airport.RA3 certification complements the global air cargo industry’s drive to meet the European Union’s ACC3 – air cargo or mail carrier operating into the Union from a third country ...
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Asia Pacific cargo uptick
Asia Pacific traffic figures for June show continued expansion of both international passenger and air freight markets.Preliminary figures from the Association of Asia Pacific Airlines (AAPA) saw demand for air freight helped by “positive consumer and business sentiment in major developed economies”.Overall, air freight demand in freight tonne kilometre (FTK) ...
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ANA takes delivery of first B787-9
JAPANESE airline All Nippon Airways (ANA) has taken delivery of its first B787-9 Dreamliner.ANA becomes the world’s first airline to operate both the -8 and -9 variants of the Dreamliner family when it launches B787-9 services on domestic Japanese routes in August.“The B787 Dreamliner is a key element in our ...
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UPS parcel surge to Europe
E-commerce shipping in the US and strong International export growth helped parcel giant UPS record a 7.2 per cent increase in global package shipments in the 2014 second quarter.A surge in outbound shipments to Europe contributed to a 6.2 per cent rise in international small package revenues of $3.3 billion ...
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Latest eAWB statistics
CATHAY and Emirates continue to lead the way in airline eAWB adoption, as paperless documentation has doubled in 12 months, reports IATA.“The total number of eAWBs used grew by more than 50,000 during the last 12 months, with an average increase of one per cent each month since the beginning ...
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SIA cuts Q1 cargo loss to S$18 million
Singapore Airlines’ cargo division halved its first quarter loss to S$18 million in the financial year first quarter, after it was better able to match capacity with demand.SIA Cargo recorded lower revenue in three-month period ended June 2014, despite a 0.9 per cent improvement in yield, as the air freight ...
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Subdued half year for Lufthansa
Lufthansa’s group cargo volumes fell 3.1 per cent in the first six months of 2014 to 932,000 tonnes in a “subdued” freight market for the German carrier’s airline businesses which include Lufthansa Cargo, Swiss and Austrian Airlines.In its half-year financial review, Lufthansa said: “The global cargo business was more subdued ...