News
Shanghai airfreight rate declines show signs of slowing

By Damian Brett   Airfreight rate declines out of Shanghai have shown signs of stabilising over the last week. The latest figures from TAC Index show that prices from Shanghai to North America last week declined by 4.3% compared with the previous week to $4.50 per kg. From Shanghai to Europe prices slipped by 2.4% week on week to $3.21 per kg. Prices from the Chinese hub have been declining rapidly over

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IATA: Airfreight market improved in May, but a full recovery will take time

By Rachelle Harry Alexandre de Juniac In its latest air cargo analysis, IATA has revealed that the airfreight market improved in May, but “a full recovery will take time”. Industry-wide demand, measured in cargo tonne km (CTKs), experienced a double-digit decline for the third consecutive month — by 20.3% year-on-year, an improvement on the 25.6% decline in April. “Seasonally adjusted CTKs

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Declining rates add to pressure on cargo-only PAX flights

By Damian Brett   Freight rates out of China continued their return to normal seasonal levels last week, putting further pressure on the use of passenger-freighter flights. The latest figures from TAC Index show that average rates from Shanghai to Europe last week declined by 30.8% week on week to $3.70 per kg. Prices are far below the peak of $11.18 per kg recorded just five weeks ago, but remain 51% up on this time

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Association of Asia Pacific Airlines April 2020 traffic results: Passenger demand collapses, decline in cargo markets deepen

The Association of Asia Pacific Airlines released traffic figures for April 2020 that showed international air passenger markets were affected by the COVID-19 pandemic. By PLA Editor   Alev Takil/Unsplash Preliminary April 2020 traffic figures released by the Association of Asia Pacific Airlines (AAPA) showed that international air passenger markets were battered by the effects of the COVID-19 pandemic. The

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Charter sector expected to be busy over coming months

Charter broker Air Charter Service (ACS) is expecting demand for cargo charters to remain strong over the coming months despite an uncertain demand outlook. Group cargo director Dan Morgan-Evans explained that although demand was likely to come under pressure, airlines could take their time restarting the passenger operations that make up 45-50% of overall cargo capacity. “It is clear that we can’t travel, counties

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