recession

AF-KLM Cargo load factor up in Sept

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September load factor at Air France-KLM Cargo (including Martinair) was up 2.2 percentage points in September, year-on-year, to 66.1 per cent. As a result of major cuts to freighter services, capacity was down 20 per cent, while volumes were down 17.2 per cent. … [Read more...] about AF-KLM Cargo load factor up in Sept

JAL sees stability start to return

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Japan Airlines delivered another stable month in terms of cargo volumes in August, with volumes down 10.8 per cent year-on-year. That compares with a first-quarter figure to 31 June that was down 10.3 per cent year-on-year and second-quarter volumes down 8 per cent. … [Read more...] about JAL sees stability start to return

IATA growth not quite as good as it seems

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The latest International Air Transport Association (IATA) figures for air cargo show a decline of 9.6 per cent year-on-year (y-o-y) in August compared to declines of 11.3 per cent in July and 16.5 per cent in June. But that improving trend is not quite as good as it seems. Remember that it was this time last year when cargo traffic first dipped into negative territory, and so y-o-y comparisons are starting to get better. Comparing traffic figures to 2007 – the peak of the market - … [Read more...] about IATA growth not quite as good as it seems

Air cargo upturn underway, but “fragile”

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Signs of a clear, but fragile recovery in air cargo demand are being driven by companies restocking inventories which have run low, the International Air Transport Association (IATA) said on Thursday. But this pick up would remain “fragile” as long as economic recovery is driven by the inventory cycle, and not by increased consumption and business investment, IATA warned. International air freight demand was 11.3 per cent lower in July than the same month in 2008, a considerably … [Read more...] about Air cargo upturn underway, but “fragile”

AF-KLM follows Lufthansa in announcing hefty rate hikes

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Following closely on the heels of Lufthansa Cargo’s recent announcement that it will raise its rates by 25 per cent, Air France-KLM Cargo has followed suit with a similar announcement of rate hikes. In a nearly identical move by AF-KLM, the Franco-Dutch carrier announced via an email to its customers that it would increase its rates by as much as 30 per cent from next month. “The results of Air France Cargo-KLM Cargo are under severe pressure given the extraordinary market … [Read more...] about AF-KLM follows Lufthansa in announcing hefty rate hikes

Lufthansa hikes rates, talks global fleet grounding

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Lufthansa Cargo has announced a sharp hike in its freight rates as it continues to talk up the possibility of grounding freighters, this time not because of night restrictions, but the poor economic climate. In a letter to its customers at the end of August, Lufthansa Cargo said it is intending to unilaterally increase rates worldwide by 25 per cent. In the letter executive board member Andreas Otto writes: “In order to meet the current market challenges, we will gradually raise our rates … [Read more...] about Lufthansa hikes rates, talks global fleet grounding