The International Air Transport Association (IATA) announced international scheduled traffic statistics for June which showed continued strong demand growth as the industry recovers from the impact of the global financial crisis. Compared to June 2009, international scheduled freight traffic showed a healthy 26.5 per cent improvement while international passenger demand was up 11.9 per cent. International freight demand growth was down from the 34 per cent recorded in May 2010. May was … [Read more...] about Cargo demand continues to recover: IATA
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Asia-Pac sees continued cargo growth
More confirmation of the sustained recovery in the global air cargo market came today courtesy of the the Association of Asia Pacific Airlines (AAPA) with statistics showing that both air cargo and passenger markets continued to show further improvement in April despite a week of disruptions to traffic in and out of Europe as a result of the Icelandic volcanic eruption. Air cargo demand remained strong, maintaining the positive trend of recent months, with 32.1 per cent growth in freight tonne … [Read more...] about Asia-Pac sees continued cargo growth
Lufthansa Cargo boosts volume 13.8%
Lufthansa Cargo boosted freight traffic by 13.8 per cent in April from a year ago despite a five-day shutdown of its Frankfurt hub. The German carrier handled 129,000 tonnes of cargo compared with 113,000 tonnes in April 2009, taking volume for the first four months to 520,000 tonnes compared to 441,000 tonnes in the same period a year ago. Lufthansa Cargo increased cargo revenue by 25.3 per cent in April and improved its load factor, or capacity utilisation, by 13.3 percentage points to 72.3 … [Read more...] about Lufthansa Cargo boosts volume 13.8%
Demand growing faster than expected
Demand for both international air travel and air freight accelerated in March with the rebound on the back of economic recovery exceeding expectations, the International Air Transport Association (IATA) said this week. IATA said the air traffic recovery would dip in April because of the disruption from the Icelandic volcanic eruption, which hit European carriers in particular, and added that passenger and freight markets are still one per cent below early 2008 highs and the industry has lost two … [Read more...] about Demand growing faster than expected
HK’s AAT sees 12% decline throughput in Sept
Asia Airfreight Terminal Co Ltd (AAT) announced today its tonnage throughput for September 2009 was 47,182 tonnes, down 12 per cent compared with the same month last year. Export cargo registered 32,967 tonnes, a decline by 11 per cent against same period last year. Import cargo volume for September was 13,887 tonnes, recording a decrease of 14 per cent from last year. Transhipment cargo volume was 329 tonnes; representing a year-on-yeargrowth of 8 per cent. The cumulative tonnage throughput … [Read more...] about HK’s AAT sees 12% decline throughput in Sept
Airfreight rising faster than seafreight: Toll
Expressing sentiment expressed recently by a number of players in the airfreight industry, Toll Group chief executive Paul Little has said that airfreight was leading seafreight as the global economic recovery gathers steam. Little also predicted a rebound beginning in the fourth quarter this year. "Interestingly we've probably seen more interest in airfreight than seafreight," Little said speaking on ABC's Inside Business program. "Airfreight, of course, is a direct result of people trying to … [Read more...] about Airfreight rising faster than seafreight: Toll
