Data news
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NewsAir cargo demand up 8.2% but growth continues to slow down
Air cargo demand was up 8.2% in November, marking a 16th consecutive month of growth, according to airline association IATA
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NewsIATA: Air cargo volumes predicted to rise 5.8% in 2025
Credit: tratong/ ShutterstockAir cargo volumes are predicted by IATA to rise by 5.8% year on year to reach 72.5m tonnes in 2025, supported by e-commerce and Red Sea-related demand.While demand is expected to continue to grow, the average yield is predicted to adjust downwards by 0.7%, but still remain well ...
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NewsAir cargo avoids crazy peak season despite continued growth in November
Source: Supakitswn/ shutterstock.comAir cargo demand continued to increase at double-digit percentage levels in November but the industry managed to avoid supply chain chaos despite the rapid growth.The latest figures from data firm Xeneta show that air cargo demand increased by 10% year on year in November, the 13th consecutive month ...
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NewsAsia Pacific now accounts for more than 40% of all air cargo
Image source: ShutterstockThe Asia Pacific region now generates 41% of all air cargo volumes as manufacturing in the region continues to grow, according to new research from data provider WorldACD.The company's figures show that over the first 10 months of the year, the region's share of overall cargo volumes increased ...
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NewsIATA: Air cargo demand robust in October but outlook less positive
Willie Walsh. Photo: IATAAir cargo volumes remained robust in October as traffic was up year on year for the fifteenth consecutive month but the coming 12 months should be viewed with caution, according to IATA.The latest statistics from IATA show that in October demand in cargo tonne km (CTK) terms ...
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NewsWeaker than expected peak sees lower increase in Hong Kong airfreight rates
Image: ShutterstockAirfreight rates on major trades out of Hong Kong picked up in November for the peak season, although the rate of change lags behind historical levels.Figures from the Baltic Exchange Airfreight Index, based on TAC data, show that average rates – a combination of both spot and contract – ...
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NewsTransatlantic air cargo rates increase as passenger airlines reduce services
Source: Supakitswn/ shutterstock.comWhile rates out of Asia have been flatter than expected in recent weeks, prices on the transatlantic trade lane have taken off as passenger airlines have been reducing belly capacity in line with the quieter winter season and Guarulhos International Airport (GRU) has been hit with congestion.According to ...
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NewsFlatlining APAC rates reflect a quieter than expected peak season
Credit: tratong/ ShutterstockOnly a few months ago, the air cargo industry was preparing for what was expected to be a busy peak season out of Asia. However, the flatlining of airfreight rates out of the Asia Pacific region in recent weeks appears to confirm that while the industry remains busy, ...
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NewsBelly cargo leads volume growth at Vienna Airport
Source: Flughafen Wien AGVienna Airport has registered a double-digit increase in cargo volumes over the first nine months of the year.The Austrian airport handled 216,360 tons of cargo between January and September, which represents a 20% increase on the same period last year.The airport said that volumes were up in ...
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NewsSpot rates rise as peak season builds
Image: ShutterstockSpot rates are elevated globally and are up 25% year on year (YoY) out of Asia Pacific in particular, as the fourth quarter peak season continues.Comparing the first week of November with the first week of November last year, when various markets were already experiencing the effects of strong ...
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NewsBoeing predicts 3,900 freighters by 2043
Photo: BoeingThe global air cargo fleet is forecast to rise to 3,900 freighters by 2043, an approximate 66% increase from 2,340 cargo aircraft in 2023.This addition of 2,845 freighters over the next 20 years includes 1,005 production freighters and 1,840 passenger to freighter (P2F) conversion aircraft, according to Boeing's 2024 ...
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NewsNarrowbody freighter conversions slowing down
Credit: tratong/ ShutterstockThe rate of narrowbody passenger to freighter (P2F) conversions is slowing down although growth still outpaces widebody freighter conversions, recently released fleet data shows.There were 1,082 widebody aircraft on October 4 this year versus 977 on January 3 2020, said aviation consultant Cirium in its latest fleet forecast. ...
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NewsAir France KLM Cargo eyes Asia as performance improves in Q3
Source: Semmick Photo Shutterstock.comAir France KLM Martinair Cargo recorded improvements in cargo volumes, revenues and yield in the third quarter as it benefitted from rising demand out of Asia Pacific.The Franco-Dutch airline group noted a 0.6% increase in overall third-quarter cargo revenues to €561m, while cargo traffic revenues improved ...
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NewsCharter demand boosts Cargojet's performance in Q3
Demand for charter operations helped boost revenues for Canada-based freighter operator Cargojet in the third quarter of the year.The company reported a 14.8% increase in overall revenues to C$245.6m for the third quarter, with ACMI revenues up 12% to C$70.2m, domestic network up 5.2% to C$97.3m and all-in charter revenues ...
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NewsDHL Global Forwarding sees Q3 airfreight revenues rise but profits under pressure
DHL Group CEO Tobias Meyer. Photo: DHL GroupDHL Global Forwarding saw its air cargo volumes and revenues rise in the third quarter led by trades out of Asia but gross profits came under pressure due to rising rates.The forwarding business registered an 8.5% increase in air cargo volumes to 445,000 ...
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NewsAir cargo demand up again in September but growth narrows
Source: Jaromir Chalabala/ShutterstockAir cargo demand continued to increase at a high level in September, although year-on-year improvements narrowed slightly compared with the last nine months.The latest figures from IATA show that air cargo demand in cargo tonne km terms increased by 9.4% year on year in September. Capacity was up ...
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NewsXeneta: Market maturity harnesses air cargo rates
Photo: Travel mania/ ShutterstockThe air cargo market has matured enough to enable airlines and forwarders to keep rates reasonable against a backdrop of strong demand exacerbated by supply disruptions.While a thriving air cargo market usually results in shippers facing rocketing spot rates during the fourth quarter peak, this year lessons ...
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NewsMixed performance for Hong Kong air cargo rates in October
Credit: tratong/ ShutterstockAirfreight rates on the transpacific trade were on the slide in October but increased as the month progressed, while prices to Europe continued to improve.The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that average rates – both spot and contract – ...
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NewsHong Kong airfreight market outlook weakens but busy peak still expected
Source: Supakitswn/ shutterstock.comThe market outlook of Hong Kong airfreight traders has weakened in recent months but the peak season is still expected to be busy.The fourth quarter DHL Air Trade Index dipped by six percentage points compared with the third quarter survey to reach 35.2 points, with a decline of ...
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NewsAmericas and Europe cargo revenues lag overall market performance
Image source: ShutterstockAirline cargo revenues from the Americas and Europe have come under pressure this year despite the overall market benefitting from rate and volume increases.Research from data provider WorldACD shows that in the first nine months of the year, cargo volume increases from Europe and the Americas were not ...