The International Air Transport Association (IATA) released full-year 2018 data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs) grew by 3.5% compared to 2017. This was significantly lower than the extraordinary 9.7% growth recorded in 2017. Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 5.4% in…
The chaos at Gatwick last month emphasised the UK air freight sector’s over-reliance on the south-east region. When Heathrow and Gatwick are working at full tilt – which is almost all the time – they can claim to be the most efficient airports in the world. Between 19 and 21 December, thousands of flights were…
IATA claims global aviation is on course for a “decade in the black”. However, the annual pace of growth in cargo is well below last year’s “exceptional” performance. Despite the slowdown, the association remains relatively positive about future growth, albeit it at a slower pace. “The expected 3.7% annual increase in cargo tonnage next year to 65.9m…
Peak season is quickly coming upon the air freight industry. Forwarders are reporting limited capacity on Asia-US, with rates from Hong Kong into New York now hitting HK$36 per kg (US$4.58) on major carriers such as Cathay, Cargolux and Asiana. Los Angeles rates are marginally lower, hovering at between HK$30 and HK$35++. “The air freight market…
Heathrow has been given the green light to spend £43m on its cargo activities – but input from carriers could stretch the budget further. Head of Heathrow Cargo Nick Platts has long campaigned for a freight budget, and now has a five-point plan for the cash. But one item on his wish list – a “forecasting and…
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 8.0% in January 2018 compared to the year-earlier period. This was up from the 5.8% annual growth recorded in December 2017. Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by…
To boost electronic air waybill (eAWB) adoption the carrier has decided to introduce a 12 euro per paper air waybill fee for tradelines on which they are available. E-AWB penetration edged up 0.6 percentage points to 53.2% in January 2018, according to the latest statistics from IATA. January's figure compares with 52.6% in December 2017.…
Freight travelling through Heathrow reached record levels for the start of the year, as over 133,000 tonnes made its way through the airport in January, with export volumes growing by 10.6%. The top destinations for cargo growth were the US (1,214t), Spain (1,070t) and China (966t). Heathrow CEO John Holland-Kaye said: “Heathrow is off to…
The International Air Transport Association (IATA) released full-year 2017 data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs) grew by 9.0%. This was more than double the 3.6% annual growth recorded in 2016. Air cargo's strong performance in 2017 was sealed by a solid result in December. Year-on-year demand…
The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 5.9% in October 2017 compared to the year-earlier period. This was a slowdown from the 9.2% annual growth recorded in September 2017 but still exceeded the average annual growth rate of…
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