Korean Air Cargo reports traffic, yields up significantly in Q317

Incheon-headquartered Korean Air Cargo reported Q317 cargo yields (in US$) up 12.3% y-o-y, on traffic that was 7.5% higher. Capacity rose 4.3% during the same period, pushing load factors up 2.4 points, to 78%. Overall tonnage rose 10%, driven primarily by higher international traffic. Outbound tonnage ex-Korea was up 10%. With increasing cargo revenues, the […]
  • Charles Kauffman
  • November 16, 2017

A first look at October: Strong demand, but slower growth

Updated 16 November to include results from Cathay Pacific, Air China, and Singapore Airlines. Demand for air freight is still extremely strong. Soaring yields and the backlogs building in Asian hubs offer ample testimony to that. We are clearly in the middle of a great peak season, and anyone who didn’t book space long ago […]
  • David Harris
  • November 15, 2017

Will year-over-year gains begin to decline in September?

When we summarized the worldwide air freight data from August, we predicted that, while demand would stay strong through September, the year-over-year percentage increase would probably show a slight decline. Why? Because it was in September 2016 that demand growth began to accelerate, making the year-over-year comparisons tougher. Looking back at 2016, air freight demand […]
  • David Harris
  • October 16, 2017

Strong demand growth in August – but tougher comparisons ahead

Two weeks ago, we predicted that when worldwide data were available for August, we would see a year-over-year increase in air freight demand well into double digits. Both WorldACD and IATA have published their August analyses, and, as you can see in the charts at right, demand did indeed grow between 12% and 15% y-o-y, […]
  • David Harris
  • October 5, 2017

First look at August cargo results

August results are now in from some 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 August than in July, while others reported smaller gains, but the overall picture is similar. We […]
  • David Harris
  • September 14, 2017

Yes, July was great, but what about August?

Three weeks ago, based on reports of July performance from some of the world’s big cargo carriers and airports, we predicted that when WorldACD and IATA released their comprehensive analyses in early September, we would see worldwide demand for air freight in July up between 11% and 12% y-o-y. Late last week, WorldACD reported year-over-year […]
  • David Harris
  • September 7, 2017

The good times keep rolling in July

Two weeks ago, when we analyzed the just-published July results from some of the world’s big carriers and airports, we predicted that when IATA and WorldACD published their detailed analyses of cargo traffic worldwide at the beginning of September, we would see air freight demand growth in July of 11% or 12%, year-over-year. We are still […]
  • David Harris
  • September 1, 2017

Air freight rates slowly edging upwards ahead of peak season

Air freight rates on major east-west routes fluctuate from month-to-month, and for the year 2017, appear to have bottomed out in February. Except for a blip between April and May, rates have gradually been on the rise ahead of peak season. In its monthly East-West Airfreight Price Index, Drewry reported rates up 1.6 points between […]
  • Charles Kauffman
  • August 23, 2017
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