All Nippon Airways on Tuesday reported a record high in cargo revenue of $863 million for the fiscal year third quarter ended Dec. 30 on higher demand from shippers seeking to avoid crowded ocean shipping lanes.
Popular items ANA carried were automotive parts, semiconductors, electronics and COVID vaccines. Much of the activity was on trans-Pacific and intra-Asia lanes.
For the first nine months, cargo revenues increased 160% versus 2019 to $2.2 billion.
Strong cargo performance helped the carrier eke out an overall quarterly operating profit — $869,000 — for the first time in two years.
ANA is a large passenger airline with a cargo division that operates nine Boeing 767-300 medium-size freighters and two large 777 freighters, according to a March 2021 fact sheet.
The Tokyo-based carrier introduced the 777 cargo jets on the Tokyo-Hong Kong and Tokyo-Taipei routes in October and on the Tokyo-Qingdao, China, route in November. It also deployed several mini-freighters, passenger aircraft used exclusively to support cargo customers, during the quarter.
Cargo tonnage for the nine-month period fell 3% to 932,000 tons compared to the pre-pandemic level due to a large drop in domestic cargo business. International movements actually increased 10.5%, which was also reflected by 17.7% growth in cargo-ton-kilometers (4.2 million).
Passenger volume was severely depleted by COVID challenges during the first half of the fiscal year, but passenger demand for domestic flights significantly improved in October after Japan lifted a state of emergency. International passenger revenue and seats filled were about 10% of 2019 levels for the nine-month period.
Click here for more FreightWaves/American Shipper stories by Eric Kulisch.
RECOMMENDED READING:
Boeing lands Qatar Airways as 1st customer for 777X freighter
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now