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            september 21, 2019

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Air cargo demand rises


Asian Airlines have enjoyed the highest level of cargo volumes this year in October as the peak season gets under way, according to Shipping Gazette.
Cathay Pacific has posted a 5.4 per cent year-on-year increase in cargo traffic during the month to 1.1 billion revenue tonne kms.
It was the busiest October on Air Cargo News' records (beginning 2011) and the busiest month of the year so far for the Hong Kong carrier.
The increase comes as retailers looked to transport stock ahead of Black Friday, Cyber Monday and Christmas.
There has been some suggestion that shippers are also looking to move stock ahead of the US/China tariff increases set for January 1.
The airline tends to see volumes increase over the last three months of the year, with December traditionally proving its busiest time of the year. Over the first 10 months of the year, volumes are six per cent ahead of the same period in 2017.
Cathay Pacific director commercial and cargo Ronald Lam said: "Overall cargo revenue performed very well during the month, with revenue growth well ahead of capacity growth. Demand was strong across the network, especially for new consumer products.
Air China also had its busiest October since our records began in 2011 and its busiest month of the year so far as it saw cargo traffic increase by 1.4 per cent year on year to 704 million revenue freight tonne kms.
Growth was led by its international flights, while regional and domestic traffic declined.
It wasn't all good news for the airline though ?its load factor was down to 55.7 per cent compared with 58 per cent last year due to capacity additions. Also, growth for the month lags behind the figure for the first 10 months of 6.4 per cent.
China Southern reported a similar performance ?cargo traffic for October was up by 6.7 per cent at 633 million revenue freighter tonne kms, which was its busiest October since at least 2011. Growth was driven by international traffic.
However, this increase lags behind growth for the first 10 months for which the airline registered an increase of 7.6 per cent.
China Airlines, meanwhile, recorded its busiest October on record with a 2.9 per cent improvement to 528 million freight revenue tonne kms. October was also the airline's busiest month of the year so far.
However, the percentage increase does lag behind the improvement over the first 10 months of 3.6 per cent.
China Eastern saw October traffic increase 1.9 per cent year on year to 235 million revenue freight tonne kms, there was a 0.6 per cent increase at Eva Air and Singapore Airlines recorded a 0.3 per cent decline.

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