Battle for freighter capacity intensifies as airlines reshape networks
A cluster of shocks is forcing freighter operators to finely balance their global capacity – ...
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VW: THE IMPACT VW: MASSIVE JOB CUTS CONFIRMEDEXPD: BULLISHCHRW: POSITIONING AHEAD OF EARNINGSAMZN: IN THE NUMBERSAMZN: PEOPLE MATTER UNTILVW: THE LAST CUT IS THE DEEPESTJBHT: GEARING UP VW: BUYING TIMER: BIG VOTE OF CONFIDENCEAAPL: BEARISH HEDGEYE AAPL: THE BEAR CASEFDX: LIFE SCIENCES ORG UNVEILEDWTC: UPS AND DOWNSWTC: ASX ANNOUNCEMENT REGARDING DSV PARTNERSHIP VW: D-DAY
ANA Holdings is to integrate its cargo businesses into a single entity, underlining a strategy to build scale around dedicated freighter operations after years of delays to its acquisition of Nippon Cargo Airlines (NCA).
The Japanese group said it would merge NCA, NCA Japan and ANA Cargo into one organisation, with NCA remaining the operating entity from April 2027, retaining its air operator certificate. Initial integration steps will begin from April this year, including unifying international sales structures and consolidating warehouse operations in Japan and key overseas stations.
The move marks the next phase of ANA’s cargo overhaul after its takeover of NCA – first announced in 2023 – was repeatedly postponed amid regulatory scrutiny in multiple jurisdictions and only completed in August last year.
ANA said the integration would allow it to better align its freighter operations with its global passenger network, strengthening its position as a “combination carrier” and improving responsiveness to customers.
In contrast, compatriot Japan Airlines has pursued a more asset-light cargo strategy, relying heavily on partner-operated freighters, bellyhold capacity and multimodal solutions rather than expanding its own fleet.
NCA operates a fleet of eight 747-8 freighters, giving ANA significant dedicated long-haul cargo capacity alongside its bellyhold network, particularly on routes between Asia, Europe and North America.
From April 2026, the group will begin streamlining its cargo structure, including creating a single point of contact for customers outside Japan and consolidating warehouse functions at key hubs such as Kansai and Chubu airports. Overseas handling will also be rationalised, starting with inbound cargo at Chicago O’Hare.
ANA said the reorganisation formed part of its medium-term strategy, targeting ¥30bn ($200m) in integration and synergy benefits, as it seeks to scale its cargo business in an increasingly competitive airfreight market.
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