Overall airline financial performance continues to improve strongly according to initial Q2 financial data from the International Air Transport Association (IATA). A sample of 25 airlines shows that the industry financial performance improved significantly on the year ago period at the operating and net profit level. The increase was driven by North American airlines, where consolidation and lower fuel costs have resulted in a significant boost to profitability. Airlines in Asia Pacific and … [Read more...] about Airline financials up, cargo volumes slip
IATA
Global air cargo demand stagnating: IATA
The latest data from the International Air Transport Association (IATA) shows a further slowdown in global air freight demand in June. Air freight volumes measured in freight tonne kilometers (FTK) rose just 1.2 per cent compared to a year ago. This is consistent with falling trade activity and weaker than expected global growth. Regional performance varied widely. Asia-Pacific, North American and Latin American carriers reported year-on-year declines (-0.3, -3.3, and -1.6 per cent … [Read more...] about Global air cargo demand stagnating: IATA
Thailand’s 2nd largest forwarder making e-progress
Thailand’s second largest air forwarder, Trans Air Cargo Co Ltd (TAC) is pushing ahead with electronic air cargo operations after having begun their transition to e-AWBs earlier this year and is now sending 400 to 500 AWBs per month electronically. “Continuous engagement with airlines on a local level is an important factor, as airline headquarters may be ready but that doesn’t mean their local offices are,” said Keree Chaichanavong, managing director, TAC. “Selecting the right technology … [Read more...] about Thailand’s 2nd largest forwarder making e-progress
IATA calls for new Indian aviation policy
The International Air Transport Association (IATA) has called for the development of a comprehensive policy for aviation aligned with the Indian Government’s stated intention to make it easier to do business in India. The objective is to allow India to derive maximum social and economic benefits as its aviation market grows to become the third largest in the world. That is expected to happen in 2029 when the number of travelers to, from and within India will near 280 million … [Read more...] about IATA calls for new Indian aviation policy
Cargo load factors down in May y-o-y
Cargo load factors fell further in May compared to April to an overall 44.3 per cent from 45.1 per cent a year earlier, with Asia Pacific registering the highest load factors at 53.3 per cent, followed by Europe (44.6 per cent), Middle East (43.2 per cent), Latin America (36.7 per cent) and North America (35.3 per cent). Although there was only a small increase in capacity (0.7 per cent) over the month, there was a sizeable fall in volumes, which pushed load factors down further. Air freight … [Read more...] about Cargo load factors down in May y-o-y
Cargo growth has “come off the boil”: IATA
The International Air Transport Association (IATA) released data for global air freight markets showing that growth continued to slow in May. Compared to May 2014, growth in freight tonne kilometers (FTK) was 2.1 per cent, the slowest rate this year and outpaced by a capacity expansion of 4.3 per cent. On a year-to-date basis, freight volumes are up four per cent on the previous year, but much of that growth was realised in the latter part of 2014. Carriers in most regions, with the exception … [Read more...] about Cargo growth has “come off the boil”: IATA