Cargo Facts

No products in the cart.

SUBSCRIBE
  • NEWS
  • DATA & FLEETS
  • MAGAZINE
    • Latest Issue
    • Features
    • Top News
    • Freighter Aircraft Transactions
    • Shorts
    • View From The Cockpit
    • Parting Shot
    • Issue Archive
  • PODCAST
  • EVENTS
  • CONSULTING
Wednesday, December 6, 2023
Log In
No Result
View All Result
  • Leasing
  • Capacity & Demand
  • Carriers
  • Drones
  • Engines
  • Express
  • Conversions
  • Execs to watch 2024
Cargo Facts
  • NEWS
  • DATA & FLEETS
  • MAGAZINE
    • Latest Issue
    • Features
    • Top News
    • Freighter Aircraft Transactions
    • Shorts
    • View From The Cockpit
    • Parting Shot
    • Issue Archive
  • PODCAST
  • EVENTS
  • CONSULTING
Log In
No Result
View All Result
Cargo Facts
No Result
View All Result

Sweet September

David Harris by David Harris
October 15, 2014
in Capacity & Demand, News Archives
0
Share on FacebookShare on LinkedIn

16 October note: We have added Cathay Pacific’s September cargo stats to both the chart and the detailed descriptions.

September 2014 statsWith data now coming in from many of the world’s major cargo carriers, handlers, and airports, it looks safe to say that September was another good month for the air freight industry. We will add results from the few remaining players as they come in, so check back over the next few days to see reports from Cathay Pacific, SIA, and the Hong Kong and Singapore airports.

Summary reports for August from IATA, WorldACD, and the Airports Council International will not be published for another two weeks, but the chart at right shows that earlier anecdotal evidence of strong demand in September was correct.

The wealth was not spread equally, though, as the big three Western European carriers continue to struggle (although in the case of Air France much of the blame lies with a strike by pilots). However, since Europe’s big airports show significant year-over-year increases, we believe that the three carriers are losing market share, not that the market is shrinking. And we expect that once the carriers in the Avianca group report their September results it will be clear that the region is seeing overall growth, with Avianca taking market share from LATAM.

Now for the details…

Asia-Pacific

Cathay Pacific Airways reported September cargo traffic up 16.3% y-o-y to 839 million RTKs. This is the seventh consecutive month in which Cathay has reported monthly year-over-year jumps of between 16% and 21% (after a flat January and February), and the carrier’s cargo traffic for the first three quarters of 2014 was up 14.5% to 7.18 billion RTKs. Commenting on the September performance, Cathay Pacific General Manager Cargo Sales & Marketing Mark Sutch said: “Demand out of Hong Kong and the key manufacturing regions in Mainland China and Southeast Asia continued to be strong in September, with traffic spurred by the launch of new consumer IT products in the market. Demand on the North American lanes remained strong and the Americas will remain the key focus of our cargo business as we move deeper into the peak season for airfreight. Demand to and from Europe continued to fall short of expectations.”

Beijing-based Air China reported September cargo traffic up 21.6% y-o-y to 544 million RTKs. The carrier has been reporting steady growth all year, but this a bigger-than-usual jump was driven by a 30.6% jump in international traffic to 401 million RTKs. Domestic traffic was almost flat with September 2013 (up just 0.2%) at 133 million RTKs. For the first three quarters of 2014, Air China’s cargo traffic was up 9.7% to 4.03 billion RTKs.

Guangzhou-based China Southern Airlines reported another month of strong air freight demand growth, with September cargo traffic up 21.7% y-o-y to 468 million RTKs. International traffic jumped 30.4% to 305 million RTKs, while domestic traffic was up 8.0% to 1162 million RTKs. For the year through September, China Southern’s cargo traffic was up 17.4% to 3.65 billion RTKs. While other Chinese carriers took advantage of increasing ex-China demand,

Shanghai-based China Eastern Airlines continued to miss the boat (so to speak), reporting September cargo traffic down 6.4%% y-o-y to 404 million RTKs. International traffic was down 5.2% to 310 million RTKs, and domestic traffic fell 11.1% to 84 million RTKs. For the first three quarters of 2014, China Eastern’s cargo traffic was down 0.5% to 3.54 billion RTKs.

Shanghai Pudong International Airport Cargo Terminals Co. Ltd (Pactl, the biggest cargo handler at PVG) reported its September handle up 20.3% to 134,000 tonnes. This continues the Pactl’s pattern of strong growth in 2014, but we point out that some of the increase may have come through the addition of new customers rather than through organic growth. For September, Pactl’s international volume was up 22.1% to 125,000 tonnes, while the much smaller domestic volume was up 0.8% to 9,000 tonnes (most of Shanghai’s domestic cargo moves through nearby Hongqiao Airport). For the year through September, Pactl’s handle was up 16.6% to 1.08 million tonnes.

Europe & Middle East

Lufthansa Cargoreported September traffic down 1.9% y-o-y to 726 million RTKs. For the Lufthansa Group as a whole, September cargo traffic was down 1.1% to 861 million RTKs. On a regional basis, Group cargo traffic was up slightly (0.3%) to 368 million RTKs on the trans-Atlantic lane, down 1.8% to 386 million RTKs on the Asia-Pacific lane, and down 3.9% to 73 million RTKs on the Middle East/Africa lane. For the first three quarters of 2014, Lufthansa Cargo’s traffic was down 1.5% to 6.34 billion RTKs, while Group cargo traffic was down 0.5% to 7.55 billion RTKs. Lufthansa said its total cargo capacity in September was down 2.2%, and cargo load factor rose 0.8 percentage points to 67.8%.

Air France-KLM reported September cargo traffic down 17.7%% y-o-y to 690 million RTKs. The big decline was the result of a two week strike by Air France pilots which forced the carrier to cancel almost 60% of its flights. For the first nine months of 2014, AF-KLM’s cargo traffic was down 2.3% to 7.30 billion RTKs.

International Airlines Group reported September cargo traffic down 6.0% y‑o‑y to 439 million RTKs. Subsidiary carrier British Airways reported its traffic for the month down 8.7% to 358 million RTKs. We point out that BA terminated the leases of three 747-8Fs in April of this year, cutting its capacity substantially. IAG’s other subsidiary carrier, Iberia, reported its September cargo traffic up 8.0% to 81 million RTKs, For the year through September, IAG’s cargo traffic was down 3.1% to 4.02 billion RTKs.

Turkish Airlines reported September cargo volume up 17.2% y-o-y to 58,000 tonnes – a similar gain to the 17.6% reported in August, but not at the 25% to 35% level Turkish reported in the first half of the year. For the first nine months of 2014, Turkish’s cargo volume was up 20.4% to 490,000 tonnes.

Etihad Airways reported third-quarter cargo volume up 9.1% y-o-y to 144,000 tonnes. This is a considerably smaller increase than the 25% increases the carrier reported in the first and second quarters of the year. Whether this means that Etihad’s cargo business has become big enough that huge gains are no longer possible, or whether the third quarter was, for whatever reason, an unusual one for the carrier remains to be seen. We suspect it is a mix of both factors, but that the rate of growth will likely slow going forward, just as it did for Etihad’s neighbor Emirates. Worth noting is that the gains in volume do not appear to be coming at the expense of yield, as Etihad reported its third-quarter cargo revenue up 16%, considerably more than the 9% growth in volume

Frankfurt Airport (FRA) reported its September cargo handle flat y-o-y at 179,000 tonnes. For the first nine months of 2014, FRA’s handle was up 2.0% to 1.60 million tonnes.

London’s Heathrow Airport (LHR) reported its September handle up 7.8% y-o-y to 125,000 tonnes. For the year through September, LHR’s handle was up 5.3% to 1.10 million tonnes.

Amsterdam’s Schiphol Airport continues to report solid gains, with its September handle up 4.2% to 136,000 tonnes. For the first nine months of the year, AMS’ handle was up 8.1% to 1.2 million tonnes.

Americas

LATAM Airlines Group reported September cargo traffic down 3.2% y-o-y to 349 million RTKs, continuing a year-long trend of declining cargo traffic. Commenting on the result, the company said the cargo traffic decrease was driven by weaker imports into Latin America. LATAM also noted that cargo capacity was down 3.6%, “a result of a reduced freighter operation in addition to decreased availability in the bellies of passenger aircraft..” For the first nine months of the year, LATAM’s cargo traffic was down 3.5% to 3.16 billion RTKs.

United Airlines reported August cargo traffic up 23.2% to 303 million RTKs. This marks the eleventh month of a turnaround that started in November 2013. Prior to that point, United had for some time been reporting what may have been the worst results for any major cargo carrier in the world. Its cargo traffic for the first ten months of 2013 was down over 12% from 2012, and 2012 itself was a terrible year. Until July, the carrier’s cargo traffic growth during the turnaround was in the mid-single-digit range, but July saw a jump of almost 30%, and clearly, whatever fueled that jump carried on through August (up 25.8%) and September. For the first three quarters of 2014, United’s cargo traffic was up 12.3% to 2.65 billion RTKs

Delta Air Lines reported September cargo traffic up 3.1% y-o-y to 304 million RTKs. For the first nine months of 2014, Delta’s cargo traffic was up 1.4% to 2.58 billion RTKs.

American Airlines Group reported September cargo traffic up 2.2% to 271 million RTKs. As is the case with United, this is a continuation of a trend of growth, although for American the growth began earlier and was, until two months ago, stronger. The August gain of 1.7% and September’s 2.2% are well below the average gain American has been reporting over the previous eighteen months. For the year through September, American’s cargo traffic was up 7.5% to 2.51 billion RTKs.

Tags: air cargo demandair cargo traffic
Previous Post

Farewell to the MD-11 as a passenger aircraft

Next Post

Amerijet ends its US air/road experiment

Related Posts

Freighter demand growth to return after hiatus
Capacity & Demand

Growth in freighter demand to return

February 8, 2023
Intra-East Asia air cargo traffic to lead growth over next 20 years
Capacity & Demand

Intra-East Asia air cargo traffic to lead growth over next 20 years

November 9, 2022
LATAM Cargo Chief Executive Officer Andres Bianchi, Mas Chief Executive Officer Luis Sierra and Atlas Air Executive Vice President and Chief Commercial Officer Michael Steen. (Photo/Cargo Facts)
Capacity & Demand

Freighter operators confident in recovery despite short-term concerns

October 21, 2022
Next Post

Amerijet ends its US air/road experiment

Leave a Reply

Your email address will not be published. Required fields are marked *

STAY INFORMED WITH OUR NEWS ALERTS

  • About Us
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

 Manage Cookie Consent

Follow Us

twitter linkedin podcast podcast podcast
© 2023 Royal Media
No Result
View All Result
  • News
    • All News
    • Aircraft Leasing
    • Capacity & Demand
    • Carriers
    • E-Commerce
    • Engines
    • Express
    • Freighter Aircraft
    • Freighter Conversions
  • Data & Fleets
  • Magazine
    • Latest Issue
    • Features
    • Top News
    • Freighter Aircraft Transactions
    • Shorts
    • View From The Cockpit
    • Parting Shot
    • Issue Archive
  • Podcast
  • Events
  • Consulting
  • Subscribe
  • Log In / Account

© 2022 Royal Media & Cargo Facts

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
THIS WEBSITE USES COOKIES

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I CONSENT”, you consent to the use of ALL the cookies.

Cookie settingsI CONSENT

Review our Cookie Policies
.
Manage Cookie Consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
34f6831605sessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
a64cedc0bfsessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
AWSALBCORS7 daysThis cookie is managed by Amazon Web Services and is used for load balancing.
cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
crmcsrsessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
JSESSIONIDsessionThe JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application.
LS_CSRF_TOKENsessionCloudflare sets this cookie to track users’ activities across multiple websites. It expires once the browser is closed.
PHPSESSIDsessionThis cookie is native to PHP applications. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. The cookie is a session cookies and is deleted when all the browser windows are closed.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
CookieDurationDescription
_zcsr_tmpsessionZoho sets this cookie for the login function on the website.
663a60c55dsessionThis cookie is related to Zoho (Customer Service) Chatbox
bcookie2 yearsLinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID.
bscookie2 yearsLinkedIn sets this cookie to store performed actions on the website.
cbCookieAcceptedsessionThis cookie is used by Caspio (FAT Database) has not yet been given a description. Our team is working to provide more information.
cbParamListsessionThis cookie is used by Caspio (FAT Database) has not yet been given a description. Our team is working to provide more information.
e188bc05fesessionThis cookie is set in relation to Zoho Campaigns
iamcsrsessionZoho (Customer Support) sets this cookie and is used for tracking visitors (for performance purposes)
langsessionLinkedIn sets this cookie to remember a user's language setting.
li_gc2 yearsLinkedIn uses to store consent of guests regarding the use of cookies for non-essential purposes
lidc1 dayLinkedIn sets the lidc cookie to facilitate data center selection.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
CookieDurationDescription
AWSALB7 daysAWSALB is an application load balancer cookie set by Amazon Web Services to map the session to the target.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga2 yearsThe _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_gid1 dayInstalled by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
CONSENT2 yearsYouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
vuid1 yearVimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
__Host-GAPS2 yearsThis cookie allows the website to identify a user and provide enhanced functionality and personalisation.
_dc_gtm_UA-1038974-71 minuteUsed to help identify the visitors by either age, gender, or interests by DoubleClick - Google Tag Manager.
_fbp3 monthsThis cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website.
fr3 monthsFacebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.
VISITOR_INFO1_LIVE5 months 27 daysA cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
YSCsessionYSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
yt-remote-connected-devicesneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt-remote-device-idneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt.innertube::nextIdneverThis cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
yt.innertube::requestsneverThis cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
xn_uuid1 monthThis cookie is set by NING during sign-in, and serves as your identity on the network, and indicates that you are signed in.
Save & Accept
Powered by CookieYes Logo