Hong Kong International Airport saw freighter movements jump 21.0% year-on-year in July as exports and imports climbed 7% and 4%, respectively, data from the Airport Authority Hong Kong showed. Hong Kong's total cargo volume in July slid 7.3 percent to 372,000 tonnes compared to the same month last year, but was relatively steady in comparison with the drop in passenger throughput, which plunged 98.6% and 73.2% year-on-year to 96,000 passengers and 9,870 flight movements, … [Read more...] about Hong Kong sees 21.0 percent jump in freighter traffic for July
cargo volume
Munich airport sets record tonnages
Munich airport saw total 2014 cargo volumes increase eight per cent over prior year to a record 291,000 tons. When airmail is included, the cargo volume handled at the Bavarian hub exceeded 309,000 tons, with 85 per cent being bellyhold cargo on intercontinental flights. Michael Kerkloh, chief executive of airport owner FMG, said that there was a “substantial increase” in freighter traffic with the addition of new services by Russian cargo carriers, Atran and AirBridgeCargo, … [Read more...] about Munich airport sets record tonnages
Lufthansa Cargo reports 2.7% dip in 2014 volumes
Despite a slight decline in transported cargo volume, Lufthansa Cargo said it was able to maintain its capacity utilisation last year with a cargo load factor of 69.7 per cent (2013: 69.9 per cent). Faced by tough competition, the cargo airline transported around 1.7 million tonnes of freight and mail in 2014, posting a slight year-on-year decline of -2.7 per cent. In the past financial year, Lufthansa Cargo focused on a flexible and demand-driven management of its capacities with the aim of … [Read more...] about Lufthansa Cargo reports 2.7% dip in 2014 volumes
Half-year airfreight volume up at Emirates
Emirates announced its half-yearly results which show steady performance and growth, despite a challenging business environment. In the first half of its financial year 2014-15, Emirates Airlines’ volume of cargo uplifted was up by 5.4 per cent. It also reported continued business growth, both in terms of capacity on offer and traffic carried. Capacity measured in ASKM, grew by 6.5 per cent, whilst passenger traffic carried measured in RPKM was up 9.8 per cent with Passenger Seat … [Read more...] about Half-year airfreight volume up at Emirates
Middle East air cargo surges 17% in September
Air cargo volumes in the Middle East recorded the strongest growth in September than in other region, according to new data released by the International Air Transport Association (IATA). Cargo volumes carried by the region’s carriers grew by 17 per cent YoY, while capacity expanded 14.5 per cent. The region was well ahead of its geographic rivals with Africa showing the next best growth in September of 11.5 percent. Globally, IATA said air freight demand in September, measured … [Read more...] about Middle East air cargo surges 17% in September
NOL reduces YTD core EBIT loss
Singapore-based NOL group has reported a net loss of US$23 million in the third quarter of 2014, and for the year to date a core EBIT shortfall of US$59 million, 31 per cent less than for the same period last year. The company stated that its cost management and efficiency drive delivered US$290 million of cost savings year-to-date. The cuts in expenditure were primarily achieved through a more efficient fleet and network optimisation. However, these savings were largely offset by lower rates, … [Read more...] about NOL reduces YTD core EBIT loss
