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

• Charles Kauffman
• June 13, 2018
• Capacity & Demand, Carriers, E-Commerce, Express, News

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 […]

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

• Charles Kauffman
• May 30, 2018
• Aircraft, Capacity & Demand, Carriers, News

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 […]

Demand grows in Hong Kong and Singapore

• David Harris
• March 20, 2018
• Capacity & Demand, Carriers

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, […]

A record quarter for Atlas

• David Harris
• February 22, 2018
• Aircraft, Capacity & Demand, Carriers, Conversions, Earnings, News

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 […]

Pactl’s cargo handle up almost 15% in July

• David Harris
• August 9, 2017
• Capacity & Demand

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 […]

Air freight demand growth accelerates in May

• David Harris
• June 14, 2017
• Capacity & Demand, Carriers, News

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 […]

YTO launches massive fleet expansion

• David Harris
• May 22, 2017
• Aircraft, Carriers, Conversions, Express

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 […]

Overheard at Cargo Facts Asia

• David Harris
• May 18, 2017
• Aircraft, Carriers, Conversions, News

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 […]