airfreight

Eric Kulisch Sunday, November 10, 2019

Airfreight industry continues to bump along market bottom

The latest statistics from airlines and airports reinforce what we already know: The air freight market is in a protracted recession. But filtering the data for seasonal fluctuations paints a slightly more optimistic picture. September marked the 11th consecutive month of year-over-year declines in freight volumes, the longest period in a decade. Freight volume, measured […]

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Eric Kulisch Wednesday, October 30, 2019

Atlas Air loses money from Q3 operations

Updated at 8:40 p.m. Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW), buffeted by a weak global airfreight market exacerbated by trade disputes and disruptions from a labor dispute with its pilots, lost $879,000 in the fiscal third quarter from operations, compared with a $54.5 million operating profit in the same period a year ago. Operating […]

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Eric Kulisch Monday, October 21, 2019

Analysis: Delta-LATAM joint venture has strong cargo upside

The joint venture between Delta Airlines (NYSE: DAL) and LATAM Airlines (NYSE: LTM) proposed last month was motivated by synergies on the passenger side, but analysts also see attractive opportunities to extend cargo reach, make money and benefit shippers. Delta officials have not publicly discussed the potential to gain from each other’s cargo strengths and […]

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Eric Kulisch Wednesday, October 9, 2019

IATA: Slowdown in airfreight demand accelerated in August

The International Air Transport Association said Wednesday that overall global demand for airfreight declined at a faster rate in August than July, contracting 3.9% compared to 2.4% the month before. And international airfreight volume fell 4.6% year-over-year versus the 3.3% decline in the previous month. The July figure is a revision from the previously reported […]

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Eric Kulisch Wednesday, September 18, 2019

Airbus hikes forecast for future freighter demand

Airbus has elevated its 20-year demand forecast for all-cargo aircraft, saying the market will need 2,800 specialized units to handle growth in international trade and e-commerce, 400 more than it estimated last year.  The European aircraft manufacturer predicts air cargo will double by 2038 based on a compound annual growth rate (CAGR) of 3.6%, up […]

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Eric Kulisch Tuesday, September 10, 2019

Boeing 777X test failure has muted impact for air cargo sector

News that a key test on Boeing’s next-generation 777 wide-body jetliner went awry last week raised questions about possible production and delivery delays, but for all-cargo fleets, the glitch is a non-issue because no freighter variant is planned right now. Still, the plane provides great value as a cargo hauler because its huge lower deck […]

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