Singapore Airlines (SIA) Cargo has seen revenues fall and operating losses deepen on the back of a double-digit yield decline. During its financial first quarter ending 30 June, SIA Cargo saw revenues decline by S$60 million (US$44.8 million), while its operating result slipped to a loss of $34 million compared with S$9.0 million loss a year earlier. The carrier cited a yield decline of 17.4 per cent as being behind the deepening loss, which came despite a $35 million reduction in operating … [Read more...] about SQ Cargo sees widening loss on plummeting yields
yields
Yields down as much as -41% since 2008: WorldACD
With the topic of yields dominating any discussion about the current business environment, WorldACD has clearly demonstrated the dismal state of affairs through a comparison of USD-yields between June 2008 and June 2015, with not one single market showing a yield increase over that period. The good news first: North America to Asia Pacific saw the smallest yield decline at only -9 per cent. This contrasts with all of the other markets that saw decreases ranging from -22 per cent (Middle … [Read more...] about Yields down as much as -41% since 2008: WorldACD
Air cargo ends 2014 up 4.5% on 2013: IATA
The International Air Transport Association (IATA) released full-year air cargo data for 2014 showing 4.5 per cent demand growth compared to 2013 measured by freight tonne kilometres (FTKs), marking a "significant acceleration" from the 1.4 per cent recorded in 2013 over 2012. IATA said the air cargo market expansion gathered momentum as 2014 progressed with the year finishing on a positive note as growth in December accelerated to 4.9 per cent, compared to December 2013. The vast … [Read more...] about Air cargo ends 2014 up 4.5% on 2013: IATA
Qantas returns to profitability
Qantas has returned to profitability in the six months ended 31 December 2009 after posting losses in the January-June half of 2009. Qantas posted a net profit of A$58 million (US$52 million) and $6.9 billion in revenue for the half year, compared to a net profit of $210 million and $8 billion in revenue for the same period 2008. Net freight revenue for Qantas Freight declined by A$96 million, or 19 per cent, compared to the same period 2008, due to major declines in yield. The economic downturn … [Read more...] about Qantas returns to profitability
EUROPE & CIS: Outlook uncertain says British Airways
UK carrier British Airways says total traffic for the month of July was up one per cent, capacity was down 2.7 per cent from a year ago and passenger load factor was up 3.1 per cent compared to last year. The remaining northern summer holiday months are expected to help all European carriers loads and yields, but BA added that yields will be under pressure from the year-on-year impact of lower fuel surcharges, exchange movements andmix. BA cargo business has been hit even harder, with … [Read more...] about EUROPE & CIS: Outlook uncertain says British Airways
EUROPE & CIS: Outlook uncertain says British Airways
UK carrier British Airways says total traffic for the month of July was up one per cent, capacity was down 2.7 per cent from a year ago and passenger load factor was up 3.1 per cent compared to last year. The remaining northern summer holiday months are expected to help all European carriers loads and yields, but BA added that yields will be under pressure from the year-on-year impact of lower fuel surcharges, exchange movements andmix. BA cargo business has been hit even harder, with … [Read more...] about EUROPE & CIS: Outlook uncertain says British Airways
