Cargo traffic bounces back in August first look

August results are in from some of the world’s big carriers, handlers, and airports, and after lackluster June and mixed July results, cargo growth looks to have rebounded during, particularly out of Asia. However, while more of the major carriers reported year-over-year growth during August compared to the past couple of months, growth rates are […]

Air China Cargo and China Southern Cargo to merge?

As the Chinese Government moves to pare down its outlays on state-owned behemoths, it has been widely reported that the cargo and logistics operations of Beijing-based Air China and Guangzhou-based China Southern will be divested and merged into a single entity. Sources quoted in Bloomberg have even identified potential investors for the new company, which […]

Will yuan devaluation help or hurt air freight?

China today devalued its currency by 1.9% against the US dollar, the biggest drop since the country aligned its market and official rates. The People’s Bank of China said “Since China’s trade in goods continues to post relatively large surpluses, the yuan’s real effective exchange rate is still relatively strong versus various global currencies, and […]

Misguided optimism?

The air freight industry is in better shape now than it has been for some time. Demand has been rising steadily, if not spectacularly, for a year, and as we reported last week, yields have finally stopped falling. But whatever good things one can say about the freight business in general, there is no question […]

Air China Cargo gets a cash boost

Air China Cargo is receiving an RMB2 billion boost from its joint venture partners. Cathay Pacific, Air China, and a third investor (Fine Star) will inject two billion yuan (US$321 million) of new equity into Shanghai-based Air China Cargo. Cathay said the funds would allow the carrier to “adjust its fleet, to reduce its operating costs […]

More good news for May

May continues to look like a solid month for the air freight industry. When we looked earlier this month at the first May cargo results reported by some of the world’s major carriers we said  the news, to that point, was generally positive. With results now in from most of the rest of the carriers […]

Good news from Hong Kong

A week ago, we posted the first results available for April from some of the world’s big cargo carriers and airports. These early results were mixed. There were some big gains – China Southern Airlines’ cargo traffic was up over 20% compared to April 2013, and Shanghai Pudong Airport’s handle was up 14%. But there […]
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