Demand grows at fastest rate for 14 months but overcapacity continues
Freight tonne kilometres (FTK) have grown at the fastest pace for 14 months in June but yields remain under pressure with capacity growing faster, the International Air Transport Association (IATA) says. In June, FTK grew by 4.3 per cent, with the Middle East and Europe performing most strongly but available FTK was up 4.9 per […]
DHL starts express service between Phnom Penh and Bangkok
DHL Express has launched a new express freighter service between Phnom Penh and Bangkok, one of its hubs in Asia Pacific. The first operating to and from Phnom Penh, adds to the existing DHL Express flights between its hubs in Bangkok and Singapore, extending the Cambodian capital’s trade ties to more markets globally. Operated by […]
AAPA: Asia Pacific remains subdued despite modest growth in June
Air cargo saw “modest growth” of 4.1 per cent in June 2016 while overall demand remains subdued, the Association of Asia Pacific Airlines (AAPA) says. Volumes in freight tonne kilometres (FTK) were up 4.1 per cent in June to 5.4 billion while capacity in freight available tonne kilometres (FATK) increased by 3.6 per cent to […]
IATA: Hopes for a stronger 2016 beginning to fade
Airfreight volumes have continued to move sideways as hopes for a stronger 2016 fade, the International Air Transport Association (IATA) says in its May 2016 market analysis. Freight tonne kilometres (FTK) grew by 0.9 per cent in May, with Africa, Europe and the Middle East seeing growth while Asia Pacific, Latin America and North America […]
WorldACD: May another disappointing month
May was another “disappointment” and volumes grew year-on-year (YoY) by 0.5 per cent, according to a latest report by industry analyst WorldACD. WorldACD says North America fell back by four per cent, whereas MESA grew by the same percentage. Yield in US dollars dropped by 1.9 per cent compared to April. In the year-to-date, Europe […]
AAPA: Asia Pacific continues to struggle in May
Cargo continues to struggle in Asia Pacific with freight tonne kilometres (FTK) declining by 0.7 per cent in May, the Association of Asia Pacific Airlines (AAPA) says. Volumes in FTKs were down by 0.7 per cent to 5.36 billion from 5.4 billion in 2015, with cargo continuing to struggle compared to passengers, which saw revenue […]
IATA: airfreight markets grow in April
The International Air Transport Association (IATA) says global air cargo markets grew by 3.2 per cent in April. The association says demand measured in freight tonne kilometers (FTKs) rose in the month compared to the same period last year. IATA says yields remained pressured as April freight capacity (measured in available freight tonne kilometers or […]
Slight improvement in April but Asia Pacific still struggling
Asia Pacific has seen a slight improvement in April with freight tonne kilometres (FTK) increasing by 0.1 per cent, but 2016 is still down on last year, the Association of Asia Pacific Airlines (AAPA) says. April saw a year-on-year improvement of 0.1 per cent to just under 5.4 billion but the year is still down […]
Asia Pacific returns to profit despite cargo weakness
Airlines in Asia Pacific returned to profitability in 2015, despite cargo revenue falling due to weakening global demand, the Association of Asia Pacific Airlines (AAPA) says. Airlines in the region made a profit of $6.9 billion, with strong passenger demand, lower fuel prices and improvements in operating efficiencies. The profit is in contrast to 2014, […]
IATA: Volumes and load factors keep tumbling in March
The airfreight market has faced another challenging month in March with freight tonne kilometres (FTK) falling by two per cent while load factors keep tumbling, the International Air Transport Association (IATA) reports. The results have been exaggerated by the comparison with a particularly strong start to 2015 when airfreight received a boost due to the […]
WorldACD: few bright spots in a slow market
WorldACD says March offered some “hope of a change for the better” in a few of the world’s air cargo markets, but year-on-year (YOY) yields in US dollars still dropped by 18 per cent. The industry market analyst says although YOY volumes dropped by 0.9 per cent worldwide, the flows from Asia Pacific to Europe and […]
AAPA: Volumes keep falling in March
Cargo volumes in Asia Pacific fell by 5.3 per cent in March despite Chinese exports picking up following the Lunar New Year, the Association of Asia Pacific Airlines (AAPA) says. Freight tonne kilometres were down by 5.3 per cent in March to 5.6 billion and so far this year have fallen by 6.5 per cent […]
AAPA: Asia Pacific plummets 12% in February
Airlines in Asia Pacific have seen cargo volumes plummet by 12.1 per cent in February due to weak global volumes and the timing of the Lunar New Year, the Association of Asia Pacific Airlines (AAPA) says. Freight tonne kilometres (FTK) fell from 4.9 billion in February 2015 to 4.3 billion this year. Overcapacity continued with […]
IATA: Volumes up but load factors keep falling
Freight tonne kilometres (FTK) in January rose by 2.7 per cent but load factors continue to fall suggesting yields will come under further pressure, according to the International Air Transport Association (IATA). The association says the January result continues the growth seen towards the end of 2015 and is the fastest it has been since […]
Asia Pacific weakness continues in January
Airlines in Asia Pacific have seen freight tonne kilometres (FTK) fall by 0.7 per cent in January as cargo volumes remain weak, according to the Association of Asia Pacific Airlines (AAPA). FTK fell by 0.7 per cent to 5.1 billion while capacity increased by 2.6 per cent to 8.5 billion available FTK. The load factor […]
UPS appoints new Asia Pacific and Europe presidents
UPS has announced management changes, with Nando Cesarone taking over as president for the Europe Region, Ross McCullough president for the Asia Pacific Region, and Cindy Miller taking over as president of UPS Global Freight Forwarding. Cesarone, a Canadian citizen who has worked at UPS for 25 years will be responsible for the 56 countries […]
High quality perishables in demand
Changing demographics and growing incomes across the Asia Pacific region have stimulated demand for high quality perishables growing year-on-year for Hong Kong-based Cathay Pacific Cargo (CPC). During 2015, it recorded increased perishable volumes moving from the Americas, Europe, Australasia and Japan into the region, and China in particular. Goods ranged from fresh fruit and vegetables […]
Trans Pacific Partnership trade pact signed in NZ
The Trans Pacific Partnership (TPP) has been signed by ministers from its 12 member nations in New Zealand. The multinational trade deal was penned at a ceremony in Auckland and brings the trade pact, which has been five years in the making, another step towards it being ratified. Nations now have two years to ratify or reject […]
DHL eCommerce launches in Thailand
DHL eCommerce, a division of the Deutsche Post DHL Group, has expanded its operations into Thailand and is offering end-to-end domestic delivery service for Thai e-commerce merchants. The German integrator is looking to reap the rewards on offer of the country’s burgeoning e-commerce market which is expected to triple to 3.6 billion euros by 2020. […]
AAPA: Asia Pacific sees marginal growth in 2015
Airlines in Asia Pacific have seen cargo volumes grow 1.6 per cent in 2015, with a strong start of the year making up for weakness from the middle, according to the Association of Asia Pacific Airlines (AAPA). Freight tonne kilometres (FTK) increased from 63.9 billion in 2014 to 64.9 billion in 2015. In 2015, capacity […]
IATA: North American profits soar
Airline profits in North America and Europe saw significant improvements while Asia declined and South America increased its losses in the third quarter of 2015, the International Air Transport Association (IATA) says. In its December 2015 Airlines Financial Monitor, IATA says the 77 sample airlines made a net post-tax profit of $12.9 billion in the […]
Ken Lee appointed DHL Express Asia Pacific CEO
Ken Lee has been named chief executive officer (CEO) of DHL Express Asia Pacific, succeeding Jerry Hsu, who is retiring. Lee will be based in Hong Kong, and be responsible for the region covering Hong Kong, India, Japan, Korea, Oceania, South Asia, South East Asia and Taiwan. He has worked at DHL for 18 years […]
AAPA: Asia Pacific sees volumes fall due to manufacturing slowdown
The slowdown in Asia Pacific continues as airlines in the region saw cargo volumes fall by 2.4 per cent in November due to slow international trade hitting manufacturing economies, according to the Association of Asia Pacific Airlines (AAPA). This comes after the International Air Transport Association (IATA) forecasted in December that carriers in Asia Pacific […]
Asia Pacific carriers see cargo decline
Weakness in major economies such as China, India and Japan has caused airfreight in Asia to fall by 0.7 per cent in October, according to the Association of Asia Pacific Airlines (AAPA). In the association’s October report, it says freight tonne kilometres (FTK) contracted by 0.7 per cent to 5.6 billion, blamed on weak imports […]
Air New Zealand to fly direct to Vietnam
Air New Zealand has expanded its Pacific Rim presence introducing New Zealand’s first direct bellyhold service to Ho Chi Minh City in Vietnam. Air New Zealand will fly three times a week between Auckland and Ho Chi Minh City’s Tan Son Nhat International Airport on a seasonal basis, operating from June to October in 2016 […]
Indian market boosts Cathay Pacific in October
Cathay Pacific Airways has seen cargo and mail volumes rise by 4.6 per cent in October compared to the same month in 2014 – with traffic boosted by freight to and from India. Cathay Pacific and Dragonair combined handled 163,733 tonnes of cargo and mail in October, while the cargo and mail load factor rose by 1.4 percentage points […]
Carriers in Asia Pacific subdued in September
Asian Pacific air cargo carriers continue to be hit by the slowdown in world trade recording a 1.1 per cent year-on-year (YOY) decline in demand in quarter three of this year, according to the Association of Asia Pacific Airlines (AAPA). The association released its preliminary figures on Thursday 22 October and says airfreight markets “remain […]
