WCS to Focus on Building Resilience in Air Cargo
The International Air Transport Association (IATA) announced that the IATA World Cargo Symposium (WCS) will focus on building resilience to further strengthen air cargo’s post-pandemic prospects. COVID-19 tested the resilience of the air cargo business. Despite challenging conditions, air cargo delivered critical medical supplies and vaccines across the globe and kept international supply chains open. […]
June Air Cargo: Stable and Resilient
The International Air Transport Association (IATA) released data for global air cargo markets showing healthy and stable performance. Note: We returned to year-on-year traffic comparisons, instead of comparisons with the 2019 period, unless otherwise noted. Global demand, measured in cargo tonne-kilometers (CTKs*), was 6.4% below June 2021 levels (-6.6% for international operations). This was an […]
Sustained freighter demand expected over next 20 years, says Airbus
Airbus expects sustained demand for freighters over the next 20 years with nearly 70% of the current fleet anticipated to be replaced. The airframer’s 2022 Global Market Forecast for the 2022-2041 period shows that the world freighter fleet in service will reach 3,070 aircraft by 2041. This new report, published on July 8, anticipates there […]
May Air Cargo Buoyed by Easing of Omicron Restrictions in China
The International Air Transport Association (IATA) released May 2022 data for global air cargo markets showing that the easing of Omicron restrictions in China helped to alleviate supply chain constraints and contributed to a performance improvement in May. Note: We returned to year-on-year traffic comparisons, instead of comparisons with the 2019 period, unless otherwise noted. […]
Fall in Air Cargo Demand in line with Expectations
The International Air Transport Association (IATA) released April 2022 data for global air cargo markets showing a drop in demand and contraction in capacity. The effects of Omicron in Asia and the Russia–Ukraine war continue to create a challenging operating backdrop that is driving the decline.Note: We returned to year-on-year traffic comparisons, instead of comparisons […]
Etihad Cargo appoints general manager – Americas
Etihad Cargo has appointed Caroline Pappas as general manager – Americas. Based in Chicago, Pappas will report directly to Etihad Cargo’s director – cargo commercial west, Mark Faulkner. She will be responsible for establishing new and further developing existing relationships with Etihad Cargo’s customers based in North and South America. Pappas joins Etihad Cargo with […]
Correos Cargo launches Madrid-Hong Kong cargo service
Spanish postal group Correos Cargo has launched a twice-weekly Madrid-Hong Kong air cargo service to help Spanish companies grow their supply chains amid the e-commerce boom. The “Milana Bonita” Airbus A330 has a cargo capacity of 50 tons and offers air transport for all types of materials and sectors. It’s not clear whether the aircraft […]
Air France-KLM and CMA CGM join forces and sign a major long-term strategic partnership in global air cargo
Air France-KLM Group and the CMA CGM Group today announced that they have signed a long-term strategic partnership in the air cargo market[1]. This exclusive partnership will see both parties combine their complementary cargo networks, full freighter capacity and dedicated services in order to build an even more competitive offer thanks to the unrivalled know-how […]
War in Ukraine and Omicron Weigh on Air Cargo
The International Air Transport Association (IATA) released March 2022 data for global air cargo markets showing a drop in demand. The effects of Omicron in Asia, the Russia – Ukraine war and a challenging operating backdrop contributed to the decline.Note: We returned to year-on-year traffic comparisons, instead of comparisons with the 2019 period, unless otherwise […]
Air Cargo Growth Continues in February, up 2.9%
The International Air Transport Association (IATA) released data for global air cargo markets showing that demand increased in February despite a challenging operating backdrop. Several factors benefitted air cargo in February compared to January. On the demand side, manufacturing activity ramped-up quickly after the early February Lunar New Year holiday. Capacity was positively influenced by […]
