Surging trade delivers broad gains to March 2017 cargo traffic

Note — 14 April 2017: This post has been updated to reflect the latest traffic results. Many of the major carriers in Europe and North America, as well as several from Asia, have now reported their March 2017 traffic figures,and  the results are almost universally good. Despite the politically tumultuous 2016 which saw the UK vote […]
  • Charles Kauffman
  • April 11, 2017

Who is carrying all that European traffic?

According to IATA, cargo traffic flown by carriers based in Europe was up 12.6% year-over-year in September, their biggest gain in many years. This strong performance by European carriers has now been going on for six months. But who is carrying all that cargo? In the past, the answer would have been simple: Air France-KLM, […]
  • David Harris
  • November 4, 2016

Recovery on the horizon at Lufthansa?

After two quarters of falling traffic demand, and a €46 million first half operating loss, more bad news from Lufthansa’s cargo unit would not have been surprising, but July traffic figures are encouraging. As shown in the chart, Lufthansa’s Group cargo traffic was up 1.6% y-o-y — not a huge gain, but a great deal better than what […]
  • Charles Kauffman
  • August 12, 2016

Troubles continue for Europe’s big three

With the publication of its first-half results, Lufthansa issued a warning that, for the first time in many years, its cargo division was likely to post a full-year operating loss. We have come to expect losses at Air France-KLM Cargo, but Lufthansa? Lufthansa’s cargo operation had always seemed proof against increased competition and a deteriorating […]
  • David Harris
  • August 2, 2016

What is going on in Europe?

The poet T. S. Elliot famously said “April is the cruelest month.” But for the cargo divisions of the big three European carriers, it is hard to imagine April being any crueler than March. No one would say that 2016 started well for the big three European carriers, but it did not start all that […]
  • David Harris
  • April 13, 2016

European cargo on the upswing?

The big three Western European carriers have all reported their January cargo results, and all three show improving performance. However, before you break out the Champagne, remember that neither January nor February data can be considered meaningful on their own. The timing of the Lunar New Year holiday in Asia can cause big shifts in […]
  • David Harris
  • February 15, 2016

November was cruel to Europe’s Big Three

One of the most famous English-language poems of the twentieth century begins: “April is the cruellest month.” Perhaps that was true in 1922 when T.S. Elliot wrote it, but for two of the big three European carriers – Lufthansa and IAG – April 2015 was far less cruel than November. As for the third member of the […]
  • David Harris
  • December 9, 2015

Have Europe’s “Big Three” become the “Little Three”?

Yesterday, IATA published its summary of worldwide airfreight demand growth in September. That growth was minimal, with cargo traffic up just 1.0% year-over-year, very much in line with underlying growth since the beginning of the 2015. If there was anything in the report to generate optimism for the rest of the year, it was that […]
  • David Harris
  • November 5, 2015
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