Data news – Page 38
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NewsAmerican sees cargo revenues and traffic improve in Q1
American Airlines saw its cargo traffic and revenues increase during the first quarter of the year, but this was not enough to stop yields declining.The US airline, which recently won the Cargo Airline of the Year award, registered a 13.8% year-on-year improvement in first-quarter traffic to 619m cargo ton miles, ...
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Air cargo growth strengthens in March
Air cargo demand growth continued to impress in March with double-digit percentage growth on the back of modal shift and consumer product launches.The latest figures from analyst WorldACD show that demand in chargeable weight terms increased by 14.6% year on year – numbers not seen since the recovery years of ...
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NewsAsian Cargo Monthly: Freight traffic continues to grow
Asian carriers continued to record cargo demand improvements in March, with airlines boosted by new product launches.The latest airline data shows that six out of seven airlines included in Air Cargo News’ monthly Asia wrap-up saw demand increase during March.The largest of the carriers, Cathay Pacific, registered a 15.4% year-on-year ...
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UPS reports revenues growth but operating profits face headwinds
UPS saw revenues increase by 6.2% during the first quarter of the year but fuel costs and currency effects put pressure on operating profits.The US express and logistics giant saw first-quarter revenues increase to $15.3bn from $14.4bn last year, while operating profits declined by 2.4% on a year earlier to ...
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NewsLufthansa's cargo segment leads the way as it gets back in the black
Lufthansa’s cargo and logistics business returned to the black at an operating profit level in the first quarter as it led the company to its best performance for the period since 2008.The airline group’s logistics division, which includes Cargo, time:matters and other cargo related shareholdings, saw revenues increase by 18.5% ...
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NewsEuropean Cargo Monthly: Demand continues to surge at European carriers
March proved to be a bumper month on the cargo front for European airlines, with Lufthansa, Air France KLM, IAG Cargo and Finnair all registering improvements in traffic.The largest of the carriers in cargo terms, Lufthansa, saw demand increase by 13.3% year on year to 980m revenue cargo tonne km.This ...
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NewsCargolux sees profits tumble despite traffic growth
Cargolux recorded improvements in cargo traffic and tonnes flown last year, but these increases failed to stop profits from declining by more than 80%.Figures released by the airline show that last year it registered a 9.2% improvement in traffic to 7.5bn tonne kms flown (FTK) compared with 2015, while total ...
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Asian carriers report double-digit percentage improvement in demand for March
Asian airlines reported double-digit percentage improvements in cargo demand in March as manufacturing in the region continued to expand.The latest figures from the Association of Asia Pacific Airlines (AAPA) showed that cargo demand increased by 12.7% in March in freight tonne km (FTK) terms.The association said the “healthy” increase was ...
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Airfreight rates climb in March
Global average airfreight rates increased in March against a year ago as aircraft cargo utilisation has improved.The latest figures from Drewry's Sea and Air Shipper Insight report show that average ‘all-in’ airfreight rates across 21 major east-west trade lanes increased by 7.9% year on year in March to reach $2.84 ...
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Panalpina sees airfreight grow but profits under pressure
Panalpina has recorded an above market increase in airfreight demand but in contrast profitability was flat.The first-quarter figures released by the forwarder revealed that airfreight demand during the period increased by 8% year on year to 233,000 tons, driven by Far East trade lanes. This is ahead of the estimated ...
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NewsHong Kong retains crown as world's top cargo airport
Hong Kong retained its title as the world’s busiest air cargo airport in 2016 as the top 20 freight hubs saw demand increase by just over 3% (see end of article for table).Airports Council International’s annual review of the world’s 20 leading cargo hubs showed that throughput increased by 3.3% ...
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NewsAmericas Cargo Monthly: Demand flies at US carriers
March was a bumper month for US carriers as the big three all registered a surge in air cargo demand.United, American and Delta all saw cargo demand increase during March compared with a year ago, with Delta registering its first year on year improvement since February 2015.IATA has reported that ...
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NewsAirport cargo demand improves in February
Airports enjoyed another bumper month in February for cargo, fueled by international demand.The latest cargo figures from industry body Airports Council International (ACI) show that volumes “surged” by 7.8% year on year in February.International demand improved ahead of domestic, with the former growing by 9.6% on the same month last ...
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NewsUnited records double-digit cargo revenue improvement in Q1
United Airlines recorded double-digit improvements in cargo revenues and traffic during the first quarter of the year.The busiest US cargo carrier saw first-quarter cargo traffic increase by 20.3% year on year to 748m cargo ton miles.Revenues also improved during the period but by the lower amount of 13.4% against a ...
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NewsDelta records slight decline in cargo revenues and traffic
Delta Air Lines recorded a slight decline in cargo revenues and traffic in the first quarter of the year.The Atlanta-based airline saw first-quarter cargo revenues decline by 1.2% year on year to $160m, roughly in line with a 1.5% drop off in traffic to 470m cargo ton miles (CTM).Average revenues ...
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March sees airfreight rates improve on last year
Airfreight rates on some of the world’s major trade lanes continued to track ahead of last year’s levels in March as shippers turned from ocean to air transport and fuel prices continued to rise.The latest figures from TAC Index show that net airfreight prices paid to carriers on Hong Kong-Europe ...
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Air cargo rides the wave of an improving world economy
Air cargo rode the “wave of an improving world economy” over the first two months of the year but should not expect current growth to continue across the whole of 2017.In its latest market update, analyst WorldACD said that air cargo demand grew by 6.3% year on year in weight ...
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NewsAsia Cargo Monthly: Demand takes off in February
Asian air cargo carriers recorded a demand boom in February, with Cathay Pacific citing improvements in imports from North America and Europe.The latest monthly figures from some of Asia’s leading airlines show high single-digit and double-digit year-on-year demand improvements in February, usually the slowest month of the year.The region’s busiest ...
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NewsEuropean Cargo Monthly: Another mixed month for carriers
February was another mixed month for Europe’s cargo airlines as Lufthansa and IAG recorded improvements in demand, while there was a decline at Finnair and Air France KLM.Despite an extra day in February 2016 due to it being a leap year, the continent’s busiest carrier Lufthansa registered a 5.2% year-on-year ...
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NewsAmerican Cargo Monthly: LATAM sees load factors improve
LATAM continued to see cargo load factors improve in February, while US carriers American and United recorded strong growth in demand.The latest carrier figures show that American Airlines Cargo saw cargo demand increased by 9.7% year on year to 191m cargo ton miles (CTM) in February.This improvement follows on from ...