Demand growth strengthens in April

When the world’s big cargo carriers, airports, and handlers began reporting their April results, it appeared that while year-over-year growth in demand for air freight would probably be a little higher than the 1.7% IATA reported for March, it would not be by much. But as results continued to come in from some of the […]
  • David Harris
  • May 30, 2018

Cathay and Air China post strong April cargo results

When we looked at the April results from big cargo carriers, airports, and handlers last week, our sense was that while year-over-year growth in demand for air freight would probably be a little higher than the 1.7% IATA reported for March, it would not be by much. This week brings reports from two big Chinese […]
  • David Harris
  • May 23, 2018

More mixed results in April

April data arriving from the world’s big cargo carriers, airports, and handlers suggests that the fall-off in demand growth exhibited in March was not a one-off, and that the more difficult year-over-year comparisons expected during 2018 are now materializing. With only a couple of exceptions, operators in the air cargo supply chain reported weaker growth, […]
  • Caryn Livingston
  • May 16, 2018

Atlas reports an exceptional first quarter, and ups full-year guidance

Atlas Air Worldwide Holdings (AAWW) reported first-quarter net income of $9.6 million, up from a reported loss of $752,000 a year earlier. Adjusting for a variety of one-time impacts, net income was up 187.4% y-o-y to 23.8 million, while total revenue rose 24.1% to $590 million. Operating income for the quarter jumped 68.8% to $40.6 […]
  • David Harris
  • May 3, 2018

Demand flattens and yields soar in March… Or maybe not

Two weeks ago, when we looked at the March air freight data from some of the early-reporting major carriers, airports, and handlers, it was clear that, for most of the world, demand growth had dwindled to almost nothing. The exception was three big carriers from the Americas – United, Delta, and LATAM – all of […]
  • David Harris
  • May 2, 2018

Good news for PVG

For much of the last two years, Shanghai Pudong International Airport (PVG) has been forbidden by the Civil Aviation Administration of China (CAAC) from accepting applications by airlines for either charter flights or new scheduled routes. The restriction is put in place for any Chinese airport that fails to meet the CAAC’s on-time service standards, […]
  • David Harris
  • April 30, 2018

E-commerce & express drive airport cargo growth

In Europe, the gulf between express and general cargo continues to widen. Cargo volume growth at Europe’s major cargo airports was less than stellar in the first quarter of 2018, with March being particularly weak. To some extent, this reflects the lackluster performance of the major cargo airlines with hubs at these airports: Lufthansa reported […]
  • David Harris
  • April 23, 2018

Demand growth falls in March

March data from some of the world’s big cargo carriers, airports, and handlers paint a mixed picture. On the whole, it seems safe to say that the rate of growth in air freight demand is dropping back to earth from the double-digit percentages we saw over the last sixteen months, but this comes with two […]
  • David Harris
  • April 16, 2018
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