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

HACTL in the midst of record peak, even as growth rates are slow

Despite slowing year-over-year growth rates in monthly annual comparisons, demand for air freight is still extremely strong. Hong Kong Air Cargo Terminals Limited (Hactl) reported it had broken three records during the first week of November, indicating the industry’s position in the middle of a great peak season. For the first time ever, on 5 […]
  • Charles Kauffman
  • November 15, 2017

How much air freight did YOU generate?

Over the past week, we have published a three-part analysis of the world’s top fifty cargo airports. This is either Part IV, or something completely different, take your pick. In the previous posts we have examined the international, domestic, and total freight handled by the fifty busiest cargo airports in 2016. We are not alone […]
  • David Harris
  • November 8, 2017

Revenue and Block Hours up 20% in Atlas 3Q

Atlas Air Worldwide Holdings reported a third-quarter net loss of $24 million, as total revenue jumped 19.6% y-o-y to $536 million. Operating income for the quarter more than doubled, to $53 million. So, if the revenue and operating income gains were so good, why the reported loss? In a “no good deed goes unpunished” way, […]
  • David Harris
  • November 7, 2017

World’s Top 50 Cargo Airports — Part III: What can we learn about trade flows?

Today we continue our multi-part series of posts analyzing freight flows through airports in 2016. In Part I we looked at the overall state of the air freight market in 2016, and provided chart showing the top 50 airports worldwide, ranked for international freight, domestic freight, and total freight handled. Yesterday, in Part II, we […]
  • David Harris
  • November 6, 2017

World’s Top 50 Cargo Airports — Part I

According to data supplied by the Airports Council International (ACI), airports worldwide handled a total of 103.1 million tonnes of freight (not including mail) in 2016, up 4.0% over the 2015 total. Of the almost 2,500 ACI member airports, 1,600 reported handling some freight, with the fifty busiest airports handling 69.1 million tonnes, 67.1% of […]
  • David Harris
  • November 2, 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
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