Airfreight rates ex-China 'loss-making', but hopes of a trade deal stay high
Despite “loss-making” airfreight rates offered for Hong Kong/China-US, Chinese forwarders seem optimistic that the trade ...
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Recent air transport statistics are heartening: not only are passengers back, but cargo is in recovery too, according to the figures just released by IATA for December 2023 and the full year. Passengers (in RPKs) were up 25% in the month – and just 5.9% lower than in 2019.
Cargo, which has been in decline for most of 2022 and 2023, was up more than 10% in December, year on year, and even up 2.3% over December 2019 levels. In short, ...
Comment on this article
Pichuiyer Balasubramanian
February 20, 2024 at 3:57 pmNeed a clarification on this: Quote ‘By way of comparison, the capacity split on the East Asia to/from Europe market was 40/60 in favour of belly capacity in 2019; as of late 2023, the split was about 60/40 in favour of freighters’ – Unquote. Is it not just the same, i.e., 40 in the case of belly capacity and 60 for freighter in both cases?
Alex Lennane
February 20, 2024 at 4:00 pmHello Bala! Yes, perhaps oddly worded and I will edit, but 2019: 40% was freighter, 60% was belly. 2023: 40% belly, 60% freighter.
Ivan Kozlov
February 21, 2024 at 8:58 amGood analysis. Figure out 15 ABC 747 out of the game as well.