Articles by: David Harris

The World’s top 50 cargo carriers Part II — what’s with the data?

The World’s top 50 cargo carriers Part II — what’s with the data?

Carriers, News, Strategy, Traffic August 9, 2017 at 9:56 am

Yesterday, in Part I of this analysis we included a chart showing our best estimate of the international, domestic, and total cargo traffic (including mail and both scheduled and charter freight) flown by the top fifty carrier groups worldwide. But why do we call it our “best estimate,” and howRead More

The world’s top 50 cargo carriers

The world’s top 50 cargo carriers

Carriers, Express, News August 8, 2017 at 10:23 am

A year ago, when we looked at the top cargo carriers of 2015, we focused on Emirates’ rapid rise from nowhere to become a powerhouse that dominated the international air freight market. But Emirates does not carry domestic cargo, and FedEx, as it had done for many years, combined itsRead More

Precision and ATSG form A321 freighter conversion JV

Precision and ATSG form A321 freighter conversion JV

Aircraft, Conversions, News, Strategy August 7, 2017 at 10:28 am

Ending its silence on the subject of “what comes next,” 757 conversion specialist Precision Aircraft Solutions this morning announced the formation of 321 Precision Conversions, LLC, a joint venture with Air Transport Services Group (ATSG) “to develop a passenger-to-freighter conversion of Airbus A321-200 Aircraft.” It has been something of anRead More

Okay, the first half was great. Now what?

Okay, the first half was great. Now what?

Capacity & Demand, Traffic August 4, 2017 at 9:38 am

The International Air Transport Association (IATA) released data showing that worldwide cargo traffic flown by its member airlines was up 11.0% y-o-y in June, and up 10.4% in the first half of 2017, compared to 1H16. As IATA points out, this is the strongest first-half growth in air freight demandRead More

Green grass and high tides for Atlas

Green grass and high tides for Atlas

Asia, Capacity & Demand, E-Commerce, Earnings, Express, News August 2, 2017 at 10:56 am

Not only did Atlas Air Worldwide Holdings (AAWW) report an extremely strong second quarter and first half, CEO Bill Flynn said the company expected the good momentum “to carry through 2017, into 2018, and beyond.” In the second quarter, Atlas reported net income up 89.3% over 2Q16 to $40 million,Read More

Air cargo yield growth strengthens in June

Air cargo yield growth strengthens in June

Capacity & Demand, News, Traffic August 1, 2017 at 10:17 am

In mid-July, when we looked at the early reports of June cargo data from some of the big carriers, airports, and handlers, we felt confident in predicting that when IATA and WorldACD published their complete worldwide summaries, they would show year-over-year air freight demand continuing to grow at a double-digitRead More

What is going on with all this good news?

What is going on with all this good news?

News July 28, 2017 at 10:47 am

A quick glance through some of the recent headlines on CargoFacts.com leaves us with the feeling that there is nothing but good news. New cargo carriers starting up, one month of double-digit demand increase after another, quarterly reports trumpeting record or near-record operational and financial performance, air freight rates risingRead More

Everything is coming up roses for UPS

Everything is coming up roses for UPS

Capacity & Demand, Carriers, E-Commerce, Earnings, News July 27, 2017 at 10:42 am

UPS reported strong financial and operational performance in the second-quarter of 2017, with net income up 9.1% y-o-y to $1.38 billion as revenue rose 5.0% to $15.75 billion. Operating income for the quarter was up 8.7% to $2.22 billion. Revenue rose in all three of the company’s operating segments, andRead More