All Data articles – Page 27
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Asia Pacific carriers report weak January for international cargo
International air cargo markets weakened further in January 2019, with Asia Pacific airlines seeing demand fall 3.8% year on year in freight tonne kilometres (FTK).Releasing its preliminary traffic figures for the month, the Association of Asia Pacific Airlines (AAPA) said that the decline in airfreight was due to “global new ...
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Expeditors reports on steady fourth-quarter performance
Seattle, Washington state-headquartered forwarder Expeditors International has released fourth-quarter 2018 results that included an 18% year on year improvement in revenues and 9% improvement in operating income.Airfreight volumes handled were up by 2% on those of the same quarter of 217.President and chief executive Jeffrey Musser observed: “The fourth quarter ...
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European Cargo Monthly: Tough start for Lufthansa and AF KLM
Lufthansa Cargo and Air France KLM have had a tough start to the year, with both reporting declines in freight traffic figures in January.German carrier group Lufthansa saw cargo traffic decline by 5% year on year in January to 767m revenue cargo tonne kms (RCTK).Meanwhile, capacity increased by 7% resulting ...
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Heathrow looks back on record 2018
The operator of London Heathrow Airport, Heathrow Airport Limited (HAL), has said that 2018 was a record year for the UK’s biggest and busiest air gateway.As well as handling a record number of passengers (80.1m), it also enjoyed an increase in revenue and profits compared to 2017.However, the picture was ...
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Cathay Pacific suffers decline in January’s cargo
Cathay Pacific Group saw its cargo volumes fall in January compared to the same month of 2018.Cathay Pacific and sister carrier Cathay Dragon carried a total of 166,735 tonnes of cargo and mail last month, a fall of 3.4% year on year.Capacity, as measured in available freight tonne-kilometres, increased by ...
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Mixed results for AF KLM Cargo
The Air France-KLM airline group has reported its 2018 full-year results, which paint a mixed picture with cargo volumes down but revenues up.In terms of its freight-related operations, over the course of the year cargo volumes fell by 0.1% compared to 2017 to 1.14m tonnes, while revenues rose by 4.1% ...
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Hong Kong the latest airport to report weak start to the year for cargo
The world's busiest airport for cargo, Hong Kong, saw freight volumes decline by 4.2% in January to 401,000 tonnes."Uncertain global economic conditions contributed to decreases in cargo volume in January," the airport said.Imports and transhipments were affected the most, registering 8% and 6% year-on-year drops, respectively.Amongst key trading regions, cargo ...
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New routes help Turkish Cargo grow rapidly in 2018
Turkish Cargo saw air cargo volumes grow by more than 20% last year, according to figures from analyst World ACD.Figures from the data provider show the airline noted a 21.7% increase in the chargeable weight of cargo transported, which the airline pointed out is 10 times higher than the average ...
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Transpacific airfreight rates decline again in January
Airfreight rates on the transpacific trade lane continued to come under pressure in January as contacts say that demand at the start of 2019 has been lacklustre.Figures from Tac Index show that airfreight rates on services from Hong Kong to North America declined by 0.8% year on year to an ...
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DSV: No comment on Panalpina as profits rise
DSV saw profits and revenues take-off in 2018 but has declined to provide any further comment on its attempt to acquire Panalpina.The Copenhagen-headquartered freight forwarder saw full-year revenues increase by 5.5% to DKr79bn, earnings before interest and tax (ebit) were up 11.7% to DKr5.4bn and net profits increased 32.4% to ...
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European airports say declining freight volumes are "hard to ignore"
European airports saw freight traffic slow as 2018 drew to a close, with demand decreases registered in the last two months of the year.Data from Airports Council International (ACI) Europe show that freight traffic at airports in Europe declined by 2.2% year on year in December, following on from a ...
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IATA: Softening demand in Q4 pulls down airfreight performance in 2018
The air cargo industry saw traffic increase by 3.5% in freight tonne km (FTK) terms last year as a softening in demand growth during the peak season dragged down performance.IATA statistics show that the year was capped by a 0.5% decrease in FTKs in December, which was outstripped by freight ...
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Air cargo ends the year in the doldrums
The air cargo market ended with a whimper as the industry saw both volumes and yields decline compared with a year earlier.Figures from analyst WorldACD show that chargeable weight decreased by 3.5% year on year in December, while average yields declined by 2.2% to $2. Volume for the year as ...
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Airfreight rates see growth narrow in December
The latest figures from consultant Drewry show that airfreight rate growth narrowed as 2018 drew to a close.The consultant's Sea and Air Shipper Insight report shows that average freight rates on major east-west lanes increased by 2% year on year in December.Compared with November, there was a 3.5% decline, which ...
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Freighter losses pull down cargo traffic at Schiphol
Schiphol Airport saw total cargo volumes decrease by 2.5% year on year to 1.7m tonnes in 2018 as a result of a decline in freighter flights.Europe's number three airport saw full freighter movements decrease by 10.4% during the year to 15,942 as slot restrictions resulted in all-cargo carriers utilising nearby ...
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Asian airlines report growth in 2019 despite end of year slowdown
Asian Pacific airlines recorded an "encouraging" increase in air cargo volumes in 2018, despite a slowdown towards the end of the year.The latest figures from the Association of Asia Pacific Airlines (AAPA) show that air cargo volumes increased by 3.9% year on year in 2018.However, growth continued to slow as ...
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NewsChina-Europe air cargo rates expected to rise despite unexpected dip
Airfreight rates on services from China to Europe are expected to pick up during the summer and beat last year’s levels during the fourth-quarter peak.The first airfreight rate forward curve from derivatives broker Freight Investor Services (FIS) shows that for August the sector is making paper deals with an average ...
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NewsAirfreight rates climb in July despite demand slowdown
Airfreight rates on major trade lanes reached their highest levels so far in 2018 in July, despite a slowdown in market growth.Usually, weaker demand growth is followed by a slowdown in rates, but this does not appear to be the case in 2018, perhaps because of concerns over space shortages ...
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American Airlines Cargo's record year in 2018
American Airlines Cargo reported record mail/freight volumes and revenues in 2018, a reflection of airline performance across the North America region.In total, the Dallas-hubbed airline saw cargo traffic increase by 4.3% year on year to 2.9bn cargo ton miles, while revenues were up by 13.8% year on year to just ...
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Asian Cargo Monthly: Busy 2018 tempered by slower end to the year
Asian airlines saw their cargo traffic increase in 2018 despite a tough end of the year for many of the region’s largest carriers.The Cathay Pacific Group continued to see its air cargo traffic improve in 2018 as demand was up by 4.2% year on year to 12.1bn revenue freight tonne ...