The International Air Transport Association (IATA) released data for global air freight markets showing that growth continued to slow in May. Compared to May 2014, growth in freight tonne kilometers (FTK) was 2.1 per cent, the slowest rate this year and outpaced by a capacity expansion of 4.3 per cent. On a year-to-date basis, freight volumes are up four per cent on the previous year, but much of that growth was realised in the latter part of 2014. Carriers in most regions, with the exception … [Read more...] about Cargo growth has “come off the boil”: IATA
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Cargo growth has "come off the boil": IATA
The International Air Transport Association (IATA) released data for global air freight markets showing that growth continued to slow in May. Compared to May 2014, growth in freight tonne kilometers (FTK) was 2.1 per cent, the slowest rate this year and outpaced by a capacity expansion of 4.3 per cent. On a year-to-date basis, freight volumes are up four per cent on the previous year, but much of that growth was realised in the latter part of 2014. Carriers in most regions, with the exception … [Read more...] about Cargo growth has "come off the boil": IATA
Europe Feb freight traffic up 2.9%
European airport trade body, ACI Europe released its traffic report for February. The report is the only air transport report which includes all types of civil aviation passenger flights: full service, low cost and charter. It reveals that freight traffic across the European airport network – an established bellwether of economic performance – was up +2.9 per cent. Aircraft movements were up +1.4 per cent. Passenger traffic at Europe’s airports grew by an average +5.0 … [Read more...] about Europe Feb freight traffic up 2.9%
CAL Cargo starts weekly flights to Larnaca
CAL Cargo Airlines has initiated two independent weekly cargo flights to Larnaca (LCA), replacing the cargo division of Cyprus Airways. The announcement came during CAL's Global GSA Conference taking place this week in Belgium. For the past four years, CAL has serviced the Cyprus market as an arm of Cyprus Airways. However, Cyprus Airways’ recent announcement of voluntary liquidation and end of operation provided CAL with an opportunity to service the market autonomously. The new … [Read more...] about CAL Cargo starts weekly flights to Larnaca
