Business – Page 131
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News
June cargo figures up for Cathay
CATHAY Pacific and Dragonair carried a combined 140,444 tonnes of cargo and mail in June, an increase of 15 per cent on the same month last year.The cargo and mail load factor rose by 3.2 percentage points to 64.9 per cent.Capacity, measured in available cargo/mail tonne kilometres, rose by 10.2 ...
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Another B737-400SF conversion for Southern Air
CONVERSIONS company Aeronautical Engineers Inc (AEI) has delivered the third of five B737-400SF freighters to Southern Air which operates them for DHL Express in the Americas, writes Nigel Tomkins, managing director.The latest aircraft is a standard gross weight B737-400SF built in 1993 and converted at Commercial Jet’s Dothan facility, one ...
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Schiphol up 8.84 per cent
AIR CARGO through Amsterdam Airport Schiphol continued to build in the second quarter of 2014, leading to overall growth of 8.84 per cent in the year to date and denoting market stabilisation in Europe, writes Nigel Tomkins, managing director.The Dutch airport outperformed its rivals in the first half of 2014, ...
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Qatar orders more B777 freighters
QATAR Airways has announced its intention to order four new B777 freighters – with options for up to four more – as part of a potential US$37.7billion passenger and cargo aircraft shopping spree with Boeing, writes Nigel Tomkins, managing director.The planemaker and Qatar have also finalised an order for 50 ...
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CBI: air freight's vital role for UK business
UK business chiefs have called for “urgent action” by politicians to make key decisions on future UK airport infrastructure for passenger and cargo.“Action is needed to boost the UK’s air links and put growth on a sustainable long-term footing,” according to a new report by the CBI, which represents 190,000 ...
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IATA hits out at Malaysian 'outrage'
IATA has described the tragedy of Malaysian Airlines flight MH17 as “an outrage and a hideous crime”.In a powerful statement released by director general Tony Tyler, the airline association says the downing of the aircraft was an attack against the air transport system – “which is an instrument of peace.”The ...
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July uptick for air cargo revenues
Transpacific air cargo registered a 25 per cent revenue growth in July, as global freight revenues rose almost nine per cent versus prior month 2013.Latest analysis from Netherlands-based research house WorldACD found that global volume in July increased six per cent year on year, accompanied by a US$-yield improvement of ...
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Air freight volumes show solid gains
Air freight volumes continue to show solid gains on a year ago, supported by economic improvements in some regions, says IATA in its latest quarterly cargo chartbook.But high jet fuel prices and overall weakness in yields have kept cargo financial performance from improving so far this year, adds IATA.“Emerging Asia ...
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IATA: Cargo growth accelerated in September
Global air freight showed accelerated demand in September for most markets, although there are “mixed messages” in regional growth and fears remain of a "bumpy road" ahead.International Air Transport Association (IATA) data saw global freight tonne km (FTKs) volumes rise 5.2 per cent compared to September 2013, some 0.8 percentage ...
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AsiaPac and North American origin cargo drives September surge
Air cargo’s worldwide dollar revenues grew six per cent in September, spurred on by the origin markets of Asia Pacific (+7.7 per cent) and North America (+6.6 per cent), says independent research house WorldACD.Netherlands-based WorldACD, using primary data supplied from airlines, added that while global air cargo volumes increased 6.6 ...
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Drewry east-west price index hits peak for year
Drewry’s East-West Air Freight Price Index rose by 11.9 percentage points in October to a year-peak of 115.6 points.The latest increase was the result of "strong peak season demand and tighter capacity conditions," with rates for eastbound transpacific rising particularly fast, indicative that pricing on that route was inflated somewhat ...
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October bounce prompts 2014 optimism
October’s air cargo growth, better than 2013, is prompting the view that 2014 will become the second-best year for revenues since 2008, despite a 10.4% yield drop since 2011, the best post-crisis year to date.The latest monthly update from Netherlands-based research house WorldACD Market Data said: “Until October came along, ...
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IATA stats: October growth continues but caution prevails
IATA’s October air freight data for October presents a mixed picture, as strong route development by Middle East carriers and demand for Apple’s iPhone 6 out of Asia were countered by economic concerns in Europe and Africa.Overall global volumes were up 5.4% in October compared to a year ago, an ...
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IATA figures find fair weather for freight flow
IATA’s November Airlines Financial Monitor finds good news for much of the air cargo sector as freight volumes continue to expand steadily and load factors improve on the back of growth in demand.Air freight volumes increased in October compared to September, with recent improvements driven by progress in Asia Pacific ...
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IATA: solid volume gains
Air freight volumes are showing solid gains on a year ago, supported by improving trade growth in some regions, but weakness in load factors and yields continues to place downward pressure on financial performance.That was the message from the latest cargo e-Chartbook from airline association IATA, covering the fourth quarter ...
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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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AEA: European freight up 2% in 2014
Association of European Airlines (AEA) members saw 2014 freight traffic grow in excess of two per cent, measured in FTKs, according to initial estimates.“Although an improvement on 2013, which saw a growth of just +1.9%, freight growth to/from Europe transported by AEA members remains subdued” said the association.Participating AEA airlines ...
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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 ...