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

Double-digit demand growth continues in July

July results are now in from many of the world’s major cargo carriers and airports, and it appears that growth in demand for air freight is continuing to be very strong. Some carriers and airports saw better results in July than in June, while others reported smaller gains, but the overall picture is similar. We […]
  • David Harris
  • August 17, 2017

The world’s top 50 cargo carriers Part III: The big picture

Today, in Part III of our annual analysis of the world’s top cargo carriers, we step back from the rankings of individual carriers to see what those rankings tell us about the air freight and express market in general in 2016. (You can read Part I here, and Part II here.) Digging a little deeper […]
  • David Harris
  • August 10, 2017

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

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

Air cargo yield growth strengthens in June

In mid-July, when we looked at the early reports of June cargo data from some of the big carriers, airports, and handlers, we felt confident in predicting that when IATA and WorldACD published their complete worldwide summaries, they would show year-over-year air freight demand continuing to grow at a double-digit rate. Perhaps not quite at […]
  • David Harris
  • August 1, 2017

Double-digit growth in air freight demand continues

With June results in from many of the world’s major cargo carriers and airports, it is clear that growth in demand for air freight is continuing to be very strong – perhaps down slightly from what we reported in May, but only slightly. And since demand worldwide (whether measured in tonnes, freight tonne kilometers, or […]
  • David Harris
  • July 17, 2017

May freight demand grows at a rate triple the 5-year average

The recovery in air freight demand that began in mid-2016 continues to accelerate. The International Air Transport Association (IATA) reported worldwide cargo traffic (measured in freight tonne kilometers flown) up 12.8% y-o-y in May – considerably more than the 8.7% growth in April, and more than triple the five-year average growth rate of 3.8%. For the […]
  • David Harris
  • July 5, 2017
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