July 2019 airfreight demand: summer slump persists

As airports and carriers begin to report their July 2019 cargo traffic results, airfreight demand – unsurprisingly – continues to respond negatively to increasing trade friction on the trans-Pacific trade lane, and elsewhere. Carriers from all regions almost unanimously reported moderate year-over-year declines. There is little change from June 2019, for which IATA reported a […]
  • Charles Kauffman
  • August 22, 2019

Freighter fleet growth pushes Atlas, Qatar and Turkish higher in 2018 traffic rankings

Yesterday, part I of our two-part analysis of the world's top 50 cargo carriers in 2018 revealed three carriers, Atlas Air Group, Qatar Airways and Turkish Cargo, that had made notable increases in rank among the top 50. For each of the three carriers, a growing freighter fleet led to higher traffic. Today, we take […]
  • Charles Kauffman and Jeff Lee
  • August 14, 2019

22 of top 25 cargo carriers operated freighters in 2018

Among the world’s top twenty-five cargo carriers in 2018, ranked by freight tonne kilometers (FTKs) carried, twenty-two of twenty-five carriers operated freighters. Expand the list to the top fifty cargo airlines and thirty-three carriers operated freighters. The remaining 34%, mostly comprised of mainline carriers with large widebody passenger fleets, made the list without significant maindeck […]
  • Charles Kauffman and Jeff Lee
  • August 13, 2019

Steep declines follow May uptick in June first look

As airports and carriers begin to report June 2019 cargo results, the picture of generally sluggish demand remains unchanged from the previous months. Despite the return to growth of a few Asia Pacific-based carriers during May 2019, almost unanimously, carriers and airports based in the region reported lower traffic in June 2019 compared to the […]
  • Charles Kauffman and Caryn Livingston
  • July 22, 2019

FedEx reports substantial 4Q loss from economic weakness, trade issues

This week, Memphis-based FedEx reported a 3.0% year-over-year increase in revenue for its 4QFY19, ended 31 May, to US$17.80 billion. Operating income during the quarter was mostly flat at 0.9% to $1.31 billion, and the company reported a net loss of $1.96 billion, down from $1.13 billion income for 4QFY18.  The Express segment saw weak performance for […]
  • Chelsea Toczauer
  • June 26, 2019

European, Middle Eastern carriers see growth return in May first look

After a particularly weak April for air cargo traffic, carriers based in Europe and the Middle East saw growth return in our first look at May results. Among those carriers based outside Europe and the Middle East, only China Southern Airlines reported a year-over-year increase for May traffic, of 1.1%. Turkish Cargo reported the strongest […]
  • Brianne Ledda
  • June 25, 2019

Cargo traffic falls across the board in April first look

Despite a bounce back from earlier declines that major carriers reported for March, sharper year-over-year traffic slowdowns in April indicate the month was the worst this year for many of the carriers that have reported results so far. Of the carriers tracked by Cargo Facts, only Air France-KLM reported an increase in traffic, of 3.3%, for […]
  • Caryn Livingston
  • May 17, 2019

Turkish Cargo’s April volumes plunge on international declines

In its April results, Turkish Cargo reported its first y-o-y decline in cargo tonnage since Cargo Facts began collecting regular data for the carrier in 2011. Overall tonnage fell by 12.9% to about 99,000 tonnes, representing a month-to-month decline of 28.4% from March, for the lowest monthly tonnage the carrier has reported since February 2018. […]
  • Caryn Livingston
  • May 14, 2019
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