Will partnering with Alibaba’s Cainiao payoff for global carriers?

In recent weeks, Alibaba’s Cainiao Smart Logistics Network has redoubled its focus on cross-border e-commerce with a string of new investments into logistics centers at six cities around the world, and, as of this week, new partnerships with global carriers. These initiatives support the Alibaba Group’s goal of reducing average delivery times to 24-hours across […]

• Charles Kauffman
• June 13, 2018

Sichuan Airlines to take Qatar Airways Cargo’s off-lease A330-200Fs?

Earlier this month at Air Cargo China in Shanghai, Qatar Airways’ Chief Officer Cargo, Guillaume Halleux confirmed to Cargo Facts that the leasing agreements for three A330-200Fs currently in its fleet will expire in early 2019, leaving many to question where these aircraft might end up. This week local media in China reported that Chengdu-based […]

• Charles Kauffman
• May 30, 2018

Demand grows in Hong Kong and Singapore

When we published our first look at February cargo demand last week there were still a few of the major players to be heard from – Singapore Airlines, Cathay Pacific Airlines, and Hong Kong International Airport in Asia; and Amsterdam Airport Schiphol in Europe. All four of those laggards have now published their February data, […]

• David Harris
• March 20, 2018

A record quarter for Atlas

Atlas Air Worldwide Holdings (AAWW) reported fourth-quarter 2017 net income up well over 600% y-o-y to $209.5 million, as revenue rose  18.5% to a record $627.9 million. Operating income for the quarter was up 5.2% to $106.7 million. The huge jump in reported net income was driven by three one-time financial items: A $130 million […]

• David Harris
• February 22, 2018

Pactl’s cargo handle up almost 15% in July

A month ago, Shanghai Pudong International Airport Cargo Terminal Co Ltd (Pactl, the biggest handler at Shanghai’s Pudong Airport) reported a 13.8% y-o-y increase in its June cargo handle to 155,000 tonnes, its biggest year-over-year gain this year. Well, that was June, and Pactl’s July results are even stronger. Pactl reported its July handle up […]

• David Harris
• August 9, 2017

Air freight demand growth accelerates in May

Updated 16 June, 2017.  With results in from many of the world’s major cargo carriers and airports, it looks like air freight demand growth in May was extremely strong – perhaps not as strong as what we saw in March, but definitely stronger than April. And since demand worldwide (whether measured in tonnes, freight tonne […]

• David Harris
• June 14, 2017

YTO launches massive fleet expansion

Just a few days ago, we posted news that Shanghai-based YTO Express had launched an international expansion program, the main cost of which, according to company VP Hao Wenning,  “will come from buying aircraft to strengthen air freight services.” Our discussion in that post centered on YTO’s likely need for widebody aircraft to support the […]

• David Harris
• May 22, 2017

Overheard at Cargo Facts Asia

SHANGHAI – A record crowd of senior executives from all links in the air cargo supply chain gathered at the Grand Hyatt in Shanghai late last month for Cargo Facts Asia 2017 – the sixth annual presentation of what is now undeniably the region’s premier industry event. After five years in Hong Kong, record attendance […]

• David Harris
• May 18, 2017