Cargo shines in Cathay’s dark first half

The Cathay Pacific Group reported a net loss of US$262 million in the first half of 2017, down from a profit of $45 million in 1H16, as the carrier’s passenger business struggled in the face of increasing competition from airlines based in mainland China. On the cargo side, however, there was nothing but good news. […]
  • David Harris
  • August 18, 2017

Okay, the first half was great. Now what?

The International Air Transport Association (IATA) released data showing that worldwide cargo traffic flown by its member airlines was up 11.0% y-o-y in June, and up 10.4% in the first half of 2017, compared to 1H16. As IATA points out, this is the strongest first-half growth in air freight demand “since the rebound from the […]
  • David Harris
  • August 4, 2017

Lufthansa Cargo reports solid 1H17 results

German flag carrier Lufthansa, reported 1H17 revenues for its logistics division up 18.6% year-over-year to €1.16 billion, driven in part by a 5.0% increase in revenue-tonne-kilometers over the same period. EBIT reversed course from a loss of €4 million during 1H16, swinging to an operating profit of €125 million in 1H17. In the not too […]
  • Charles Kauffman
  • August 3, 2017

2017 – the view at the halfway point

Unlike sporting events, the air freight business doesn’t have a half-time break. Work goes on without a break – around the world, around the clock, around the year. But the calendar says today is the last day of the first half of the year, so, even though business continues without a break, today is a […]
  • David Harris
  • June 30, 2017