ANA Cargo feels the pinch and scales back

As the global economic crunch continues to depress the air cargo industry, All Nippon Airways (ANA) has moved to scale back its freighter operations.

The Japanese carrier has cancelled a wet-lease contract for two B767-300 freighters with the Air Transport Services Group, leaving ANA with four 767-300 freighters plus one 767-300BCF. The carrier has six more 767-300BCFs on order.

The carrier has, like virtually all its competitors, has seen volumes decline nearly 20 per cent since late last year, reporting a 19.4 per cent decline in March, inline with previous months. February saw the largest decline with a 26.1 per cent drop.