The year long decline in global air cargo slowed in July but revenue and freight rates remain under intense pressure, the International Air Transport Association (IATA) said. Cargo volumes fell 11.3 per cent last month from July 2008, compared with a 16.5 per cent year-on-year decline in June and a 19.3 per cent average for the first seven months of the year, it said. Despite this improvement the July load factor, or capacity utilisation, fell to 47.6 per cent from 49 percent in July 2008. "The … [Read more...] about IATA: Cargo drop slowed but yield still down
Airports
Korean adds additional B747F to Toronto
The Greater Toronto Airports Authority (GTAA) has announced that Korean Air Cargo, the largest cargo carrier in the world, will be increasing its freighter service at Toronto Pearson. Beginning in early September, the airline will be adding a third weekly B747â€Â400F flight. “We are very happy to see this increase in service from Korean Air Cargo,†said Lloyd McCoomb, president and CEO of the GTAA. “This increased cargo offering is very good for the whole community we … [Read more...] about Korean adds additional B747F to Toronto
Dubai Airport sees only slight cargo drop
While much of the world is still realing from the sharp decline in cargo volumes, Dubai International Airport has recorded only a small decline in cargo throughput of 0.76 per cent for the first six months of this year compared with the same period last year. And, it is likely to end the year on the same levels as last year, a senior executive of Dubai Airports said. In the first half of 2009, the airport moved 874,828 tonnes of cargo compared to 2008 when it handled 1.83 million tonnes of cargo … [Read more...] about Dubai Airport sees only slight cargo drop
Miami sees bright future alongside Latin America
Miami International Airport (MIA), long regarded North America’s gateway to the Americas and a major transit hub for Latin American grown flowers and produce America, is challenged like airports worldwide. Last year the world’s 10th busiest cargo airport handled 1.92 million tonnes of cargo, but circumstances have clearly changed. “No singular economic or tragic event in the last quarter-century has demonstrated such drops in cargo activity in MIA’s … [Read more...] about Miami sees bright future alongside Latin America
More focused roles as Changi Airport corporatised
Since its formation 25 years ago, the Civil Aviation Authority of Singapore (CAAS) has addressed Changi Airport‘s many challenges to growing it as a premier air hub and developing the nation’s aviation industry. But in the airport’s latest phase of development, Singapore’s government has corporatised it creating two separate entities: the newly created Changi Airport Group (CAG) which will run the aiport along with overseas airport contracts; and the CAAS … [Read more...] about More focused roles as Changi Airport corporatised
Fraport planning 8.4% hike in fees
German airport operator Fraport plans to raise its fees and is currently in talks with airlines on the matter, Reuters reported. The Frankfurt airport operator is proposing to raise fees by 8.4 per cent from the beginning of 2010 to fund its expansion in Frankfurt. … [Read more...] about Fraport planning 8.4% hike in fees