Hong Kong International Airport retained its position as the world’s busiest air cargo hub, despite seeing cargo volume drop 10.6 percent compared to the first half of last year, data from Airports Council International (ACI World) revealed. The top three spots showed no change from 2018, as Memphis (MEM; home hub of FedEx) and Shanghai (PVG) followed Hong Kong (HKG) to take the second and third spots, respectively. Louisville (SDF; hub for UPS) moved up three places to no. 4, whilst … [Read more...] about Hong Kong still busiest air cargo hub as virus depletes H1 volume
Asia Pacific
Carriers saw more stable cargo demand in July: AAPA
Asia Pacific’s carriers saw stable demand for international air cargo in July, traffic figures from the Association of Asia Pacific Airlines (AAPA) revealed. July cargo traffic, in freight tonne kilometres (FTK), was down 16 percent from the levels seen last year. Meanwhile, average load factor was 10.4 percentage points higher at 69.7 percent for July, which AAPA attributed to the sharp reduction in bellyhold capacity as most passenger operations remain grounded. Compared to the … [Read more...] about Carriers saw more stable cargo demand in July: AAPA
APAC’s air cargo dips 21.6 percent in June as global demand slowly recovers
Results from the International Airport Transport Association (IATA) show that demand for air cargo in Asia Pacific fell 21.6 percent year-on-year in June, reflecting a mild improvement from the 24.6 percent drop in May, a press release confirmed. International cargo demand for the region meanwhile contracted to an even 20 percent from the 18.8 percent dip posted in the previous month. IATA said that despite manufacturing starting to pick up in the region, the reduction in air shipments of … [Read more...] about APAC’s air cargo dips 21.6 percent in June as global demand slowly recovers
AAPA urges APAC states to lighten rules on international air travel
More than a month after guidance material was published on restarting international air travel by the International Civil Aviation Organisation (ICAO), the Association of Asia Pacific Airlines (AAPA) is urging governments to lighten “unduly onerous restrictions” to re-establish global connectivity with “evidence-based” measures to safeguard public health, wrote a press release. Widespread testing and contact tracing, wearing of masks and social distancing, which … [Read more...] about AAPA urges APAC states to lighten rules on international air travel
IATA: $29 billion loss expected for Asia-Pacific airlines in 2020
Airlines in the Asia-Pacific region will be the hardest hit by the COVID-19 crisis, with losses expected to be $29 billion for 2020. This is more than a third of the $84.3 billion industry losses globally. The Asia-Pacific region was the first region to feel the brunt of the COVID-19 crisis. The region’s airlines will see passenger demand (measured in revenue passenger kilometers, RPK) collapse 53.8% this year, while capacity (in available seat kilometers, ASK) will be reduced by … [Read more...] about IATA: $29 billion loss expected for Asia-Pacific airlines in 2020
FedEx Express enhances connectivity for consolidated shipments from Asia Pacific to Europe
FedEx Express, a subsidiary of FedEx Corp (FDX) and the world’s largest express transportation company, has expanded coverage for its FedEx International Priority DirectDistribution (IPD) and FedEx International Economy DirectDistribution (IED) services from Asia Pacific to European Union (EU) countries. In addition to its existing routes from Asia Pacific to Europe, FedEx now has 12 additional lanes for International Priority DirectDistribution and 47 additional lanes for International Economy … [Read more...] about FedEx Express enhances connectivity for consolidated shipments from Asia Pacific to Europe
