News / Summer of air freight woes shows little sign of third-quarter recovery

WorldACD

It’s been a summer of poor headlines in air cargo. Cathay Pacific – before its current, Hong Kong-related problems began – saw first-half cargo revenues fall 11.4% year-on-year, with yields down nearly 3% and volumes down nearly 5%. 

Volga-Dnepr Group is looking to reorganise, following a volume decline of 6% for the first half – some 20% below its original forecast. The management purge is underway. 

Air Canada Cargo is looking for new revenue streams, with its first half Asian revenues down more than 20%. IAG ...