{"id":477,"date":"2016-12-15T13:56:46","date_gmt":"2016-12-15T13:56:46","guid":{"rendered":"https:\/\/phoenixglobalgroup.com\/mi-katigoriopoiimeno\/air-freight-demand-continues-to-grow-in-november\/"},"modified":"2024-02-27T09:52:03","modified_gmt":"2024-02-27T09:52:03","slug":"air-freight-demand-continues-to-grow-in-november","status":"publish","type":"post","link":"https:\/\/phoenixglobalgroup.com\/el\/nea\/air-freight-demand-continues-to-grow-in-november\/","title":{"rendered":"Air freight demand continues to grow in November"},"content":{"rendered":"
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Many of the world\u2019s major cargo carriers and airports have reported their November results, with gains appearing almost\u00a0as strong as they were in October, making November look\u00a0like a very good month.<\/p>\n

Strikes at Lufthansa impacted not only the carrier, but also its main hub at Frankfurt (FRA), and neither Cathay Pacific nor Hong Kong International have reported November data yet, but, based on results so far, we expect that when IATA and WorldACD report their worldwide summaries for the month, we will see air freight demand up between 7% and 8%.<\/p>\n

Now for the details:<\/p>\n

Asia Pacific<\/p>\n

Beijing-based Air China\u00a0reported its November cargo traffic up 11.8% y-o-y to 637 million RTKs. Both domestic and international traffic fared well for the carrier during the month. Domestic traffic rose 12.6% to 156 million RTKs while International traffic meanwhile, rose 11.8% to 472 million RTKs. Regional traffic continued to shrink, dropping 2.7% to 9.3 million RTKs. For the first eleven months of 2016, Air China Cargo\u2019s cargo traffic was up 6.2% to 6.34 billion RTKs.<\/p>\n

Guangzhou-based China Southern Airlines\u00a0reported November traffic up 9.3% y-o-y to 645.5 million RTKs. International traffic was up 7.6% to 476 million RTKs, while domestic traffic increased 14% to 168 million RTKs. The much smaller regional traffic continued its upward trend, rising 16.0% to 2.1 million RTKs. For the first eleven months of 2016, China Southern\u2019s cargo traffic was grew 9.2% to 5.62 billion RTKs.<\/p>\n

Shanghai-based China Eastern Airlines reported November cargo traffic up 4.7% y-o-y to 441 million RTKs, extending its positive growth trend to five consecutive months. International traffic was up 5.4% to 338 million RTKs while the smaller domestic traffic was nearly flat, up 1.0%, to 91 million RTK. For the first eleven months of 2016, China Eastern\u2019s cargo traffic was flat at 4.42 billion RTKs.
\nShanghai Pudong International Airport Cargo Terminal Co Ltd (Pactl, the biggest handler at Shanghai\u2019s Pudong Airport) reported an 8.6% y-o-y increase in its November cargo handle, despite the CAAC\u2019s ongoing ban which restricts Pudong from adding new flights. Total handle in November grew to 159,000 tonnes. This was the ninth month of positive growth for PACTL, which put its total handle for the first eleven months of 2016 up 3.7% over 2015, to 1.51 million tonnes. \u00a0International cargo handle in November meanwhile, was up 8.6% to 148,000 tonnes, while the much smaller domestic handle jumped 15.3% to 10,300 tonnes (most of Shanghai\u2019s domestic cargo moves through nearby Hongqiao Airport).<\/p>\n

Taiwan-based China Airlines reported November cargo traffic up 5.1% y-o-y to 477 million RTKs, reversing its long-term trend of declining demand. For the year through November, CAL\u2019s cargo traffic was still negative, down 2.4% to 4.82 billion RTKs.
\nTaiwan-based EVA Air reported November cargo traffic up 7.9% y-o-y to 318 million RTKs, its sixth consecutive positive result after a year-and-a-half of declines.\u00a0 For the first eleven months of 2016, EVA\u2019s cargo traffic was still down 3.1% to 3.25 billion RTKs.<\/p>\n

Europe & Middle East<\/p>\n

Demand recovery at Lufthansa that started in July and August continued into November, with Group cargo traffic up 2.8% y-o-y for the month, to 877 million RTKs. The growth was led by a 6.0% increase in traffic on the trans-Atlantic lane which grew to 372 million RTKs. The carrier\u2019s other major trade lane, connecting Europe to the Asia-Pacific region, did not do quite so well, but was still in growth territory, with traffic up 1.6% to 410 million RTKs. Traffic to\/from the Middle East and Africa was down 4.6% to 64 million RTKs. For the first eleven months of 2016, Lufthansa\u2019s cargo traffic was up 0.8% over the same period in 2015 at 9.22 billion RTKs.<\/p>\n

Air France-KLM\u00a0continued its multi-year trend of declines, reporting November cargo traffic down 6.6% to 711 million RTKs. For the year through November, AF-KLM\u2019s cargo traffic was down 6.7% to 7.70 billion RTKs. Of the two carriers in the group, Air France actually reported modest growth in air freight demand, with November traffic up 2.9% to 308 million RTKs, but this was negated at the group level by a 12.8% drop at KLM, to 403 million RTKs.<\/p>\n

International Airlines Group,\u00a0reported November cargo traffic up slightly (0.4%) y-o-y to 484 million RTKs. Year-to-date IAG\u2019s cargo traffic was up 1.0% to 4.97 billion RTKs. Subsidiary carrier British Airways reported November cargo traffic up 2.2% to 375 million RTKs, while Iberia\u2019s cargo traffic fell 5.8 % to 97 million RTKs.<\/p>\n

Even as passenger traffic continues to sink, Turkish Airlines\u00a0cargo arm is tracking an inverse path. \u00a0The carrier reported November cargo volume up 20.4% y-o-y to 76,500 tonnes. For the first eleven months of 2016, Turkish Airlines\u2019 cargo handle rose 21% to 791,000 tonnes.<\/p>\n

Americas<\/p>\n

Cargo traffic continued to fall at Chile-headquartered LATAM Airlines Group, which reported November traffic down 5.3% y-o-y to 322 million RTKs. This is a worse result than October\u2019s 1.9% decline, but less bad than what LATAM has been reporting for much of the year. For the first eleven months of 2016, LATAM\u2019s cargo traffic was down 9.3% to 3.15 billion RTKs.<\/p>\n

United Airlines\u00a0reported November cargo traffic up 15.5% y-o-y to 375 million RTKs, its eighth consecutive month of strong gains after a poor start to the year. For 2016 through November, United\u2019s cargo traffic was up 6.5% to 3.72 billion RTKs.<\/p>\n

American Airlines Group\u00a0reported November cargo traffic up 9.0% y-o-y to 311 million RTKs. For the first eleven months of 2016, American\u2019s cargo traffic was up 4.0% to 3.22 billion RTKs.<\/p>\n

Its big US competitors may have posted double-digit growth, but Delta Air Lines\u00a0remains firmly mired in decline, reporting November cargo traffic down 7.1% y-o-y to 233 million RTKs. For the year through November, Delta\u2019s cargo traffic was down 10.2% to 2.65 billion RTKs. The drop continues Delta\u2019s pattern of reporting high-single, to low-double-digit growth for most of the year.<\/p>\n

Source:\u00a0http:\/\/cargofacts.com\/air-freight-demand-continues-to-grow-in-november\/<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Many of the world\u2019s major cargo carriers and airports have reported their November results, with gains [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[33],"class_list":["post-477","post","type-post","status-publish","format-standard","hentry","category-nea","tag-2016-el"],"yoast_head":"\nAir freight demand continues to grow in November - PHOENIX GLOBAL FREIGHT GROUP S.A. - Since 1991<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/phoenixglobalgroup.com\/el\/nea\/air-freight-demand-continues-to-grow-in-november\/\" \/>\n<meta property=\"og:locale\" content=\"el_GR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Air freight demand continues to grow in November - 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