The International Air Transport Association (IATA) announced August 2014 data for global air freight markets showing continued robust growth in air cargo volumes. Measured by freight tonne kilometers (FTKs), volumes rose 5.1 per cent in August, compared to August 2013. Capacity grew at a slower pace of 3.4 per cent from the previous year. This is the second strong month for cargo volumes in a row, following the 6.1 per cent year-on-year rise recorded in July. Carriers in all regions reported … [Read more...] about Air freight recovery strengthens, says IATA
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IATA: July air freight markets rise strongly
The International Air Transport Association (IATA) released data for global air freight markets showing a strong increase in air cargo in July. Compared to July 2013, freight ton kilometres (FTKs) rose 5.8 per cent. This is an acceleration in growth from June when cargo demand grew at less than half that rate (2.4 per cent). The strong growth mirrors positive developments in some key regional economies. After a slowdown at the start of the year, global business confidence and trade are … [Read more...] about IATA: July air freight markets rise strongly
SIA Cargo traffic continues to slide in Feb
Singapore Airlines Cargo (SIA Cargo) continues to see declining freight traffic with an 8.1 per cent decline in volume for the month of February, year-on-year to 73.9 million kg from the 80.4 million kg it uplifted in February 2013. Expressed in freight tonne kilometres (FTK), the Singapore carrier saw a drop of 11.1 per cent to 414.7 million FTK. Although capacity contracted by four per cent it was not enough to offset the shrinking cargo volumes, leading to a cargo load factor of 58.1 per … [Read more...] about SIA Cargo traffic continues to slide in Feb
Air cargo continues fragile recovery: IATA
The International Air Transport Association (IATA) released figures showing a small improvement in air freight growth in October, with global freight tonne kilometers (FTK) up four per cent compared with October 2012, with growth in all regions except Africa. IATA said the gradual expansion continues a trend that began in the third quarter as air freight markets have responded to better economic confidence and improved consumer demand. However, performance varies significantly by region, … [Read more...] about Air cargo continues fragile recovery: IATA
Slow cargo uptick in July, Asia still weak
The International Air Transport Association (IATA) announced global air cargo traffic results for July showing a continuation of the modest improvement trend experienced in June. Global freight tonne kilometres (FTKs) were up 1.2 per cent in July year-on-year, slightly better than the 0.9 per cent year-on-year increase recorded in June, as growth in Europe and the Middle East offset weakness in Asia. As a result of the July performance, air freight volumes are at their highest level … [Read more...] about Slow cargo uptick in July, Asia still weak
Singapore Airlines’ profit nose-dives
Singapore Airlines has posted a fiscal third-quarter net profit down 43 per cent amid significant fuel-hedging losses, shrinking demand for cargo and passenger travel. Of the parent airline's four other business units - SATS Group, SIA Engineering, SilkAir and SIA Cargo - the cargo division was the only one to turn in a loss, amounting to S$46 million (US$30.4 million), compared with a profit of S$73 million for the same period a year earlier. SIA Cargo carried 14.2 per cent less freight (in … [Read more...] about Singapore Airlines’ profit nose-dives