Tianjin Cargo Airlines prepares to fly, as HNA looks to the future

China-based all-cargo startup Tianjin Cargo Airlines received certification from the Civil Aviation Administration of China, and will likely start service in early 2018. The carrier is a joint venture among three consortia (Tianjin Aviation Logistics Development Co., Ltd., Sky Holdings Co., Ltd., and Yang Hang Investment) that are controlled by heavy-hitting players in the industry, […]
  • David Harris
  • November 22, 2017

Korean Air Cargo reports traffic, yields up significantly in Q317

Incheon-headquartered Korean Air Cargo reported Q317 cargo yields (in US$) up 12.3% y-o-y, on traffic that was 7.5% higher. Capacity rose 4.3% during the same period, pushing load factors up 2.4 points, to 78%. Overall tonnage rose 10%, driven primarily by higher international traffic. Outbound tonnage ex-Korea was up 10%. With increasing cargo revenues, the […]
  • Charles Kauffman
  • November 16, 2017

A first look at October: Strong demand, but slower growth

Updated 16 November to include results from Cathay Pacific, Air China, and Singapore Airlines. Demand for air freight is still extremely strong. Soaring yields and the backlogs building in Asian hubs offer ample testimony to that. We are clearly in the middle of a great peak season, and anyone who didn’t book space long ago […]
  • David Harris
  • November 15, 2017

9 Things we learned during our trip to China – Part I

The Cargo Facts team has spent the past few weeks traveling up-and-down China, one of the most exciting and dynamic markets for both domestic and international air cargo. While you can expect more comprehensive and expanded stories in the upcoming issue of Cargo Facts, we thought we would take this opportunity to share 9 things […]
  • Charles Kauffman
  • November 13, 2017

Expeditors flies high in 3Q17

For what seemed like forever, US-based forwarder Expeditors reliably produced financial and operating results that were the envy of the industry. In fact, it is not much of a stretch to say that Expeditors’ margins would be the enviable in just about any industry. But last year, a bit of the shine came off. Despite […]
  • David Harris
  • November 9, 2017

World’s Top 50 Cargo Airports — Part II, The View From Space

Last week we began our annual analysis of the cargo airport scene with a look at the overall state of the air freight market in 2016, and a chart showing the top 50 airports worldwide, ranked for international freight, domestic freight, and total freight handled. Today we carry on with a more in-depth analysis, breaking […]
  • David Harris
  • November 6, 2017

September yields surge, volume growth remains strong

Two weeks ago, we predicted that when worldwide data were available for September, we would see a year-over-year increase in air freight demand within a low-double digit band. Both WorldACD and IATA have published their September analyses, and, as you can see in the charts at right, demand was slightly lower than our expectations with […]
  • Charles Kauffman
  • November 1, 2017

New strategy delivers 3Q dividends for Lufthansa Cargo

The Lufthansa Group reported revenues from its Logistics business segment up 17.4% y-o-y in 3Q17, to €594 million, on higher cargo traffic and a more favorable pricing environment. EBIT in 3Q17 was €21 million, up from a loss of €17 million in the same quarter of 2016, in part from the success of a cost-cutting […]
  • Charles Kauffman
  • October 25, 2017
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