Air cargo volumes in Thailand slumped by almost 50 per cent in January as the global financial crisis continued to hurt exports. Total outbound cargo in the final three months of 2008 fell to 107,249 tonnes, compared with 140,074 tonnes a yearearlier, Dow Jones reported. “The January figures were worse than what we expected with outbound volume falling by almost 50 per cent from a year earlier,” said Kasem Jaliyawatwong, president of the Thai Airfreight Forwarders Association. … [Read more...] about THAILAND: Thai aircargo plummets 50% in Jan
Air Freight Logistics
THAILAND: Thai Airways foresees tumbling revenue and profit
Thai Airways International foresees revenue falling 18 per cent this year, from Bt220 billion (US$6.2 billion) to Bt180billion, due to the economic turmoil. Board chairman Surachai Tansitpong said the airline planned to reduce annual operating costs 5-10 per cent, with an immediate 3 per cent cut which will save about Bt6 billion alone. The company waived annual commission payments and froze salary adjustments in last year’s budget. THAI is expected to post a net loss of more than … [Read more...] about THAILAND: Thai Airways foresees tumbling revenue and profit
HONG KONG: CLC appointed for Air Freight Asia 2009
Asia’s major air cargo and logistics event, Air Freight Asia, has appointed Hong Kong-based China Logistics Club (CLC) as its official representative for the exhibition, which will take place at the AsiaWorld-Expo in Hong Kong from 8-10 September. Under the agreement, CLC will promote the conference and exhibition to its 420 members and will organise delegations to visit the trade show. Commenting on the appointment, China Logistics Club chairman Henrik Christensen said: … [Read more...] about HONG KONG: CLC appointed for Air Freight Asia 2009
HONG KONG: Cathay ups Paris, Shanghai and Jakarta
Cathay Pacific is to increase frequencies to Paris, Shanghai and Jakarta from 29 March, “in response to sustained customer demand”. It will add four flights a week to the French capital, giving a double daily service. Flights to Shanghai Pudong will be tripled to three a day. Jakarta’s existing twice-daily operation will be supplemented by three moreflights a week. … [Read more...] about HONG KONG: Cathay ups Paris, Shanghai and Jakarta
HONG KONG: Cathay and Dragonair continue to suffer
January continued the downward plunge for Cathay Pacific Airways and Dragonair whose combined traffic figures for the month indicated another hefty fallin cargo and mail tonnage.The two airlines carried a total of 101,154 tonnes of cargo and mail last month, down 26 per cent on January 2008, while capacity, measured in available cargo/mail tonne kilometres, fell by 15.9 per cent. The cargo and mail load factor dropped by 4.5 percentage points to 59.1 per cent. “The slump in the global … [Read more...] about HONG KONG: Cathay and Dragonair continue to suffer
HONG KONG: Cathay bucks trend and expands cargo services
Cathay Pacific Airways today announced that it will expand its global freighter network with the launch of services to two new destinations in theUS. On 6 March, the airline will add Miami and Houston to its list of US freighter destinations, which already includes New York, Chicago, Dallas, Atlanta, Los Angeles and San Francisco. The new service will follow a Hong Kong- Anchorage-Miami-Houston-Anchorage- Hong Kong routing and will be operated three times a week using B747-400ERF Extended … [Read more...] about HONG KONG: Cathay bucks trend and expands cargo services
