Globally airports report mixed air cargo results as volumes slide
WORLDWIDE air cargo industry performance posted a mixed results in October, with airports like Seattle, Shanghai, Ontario and Guangzhou posting volume increases, according to the International Air Transport Association (IATA)
WORLDWIDE air cargo industry performance posted a mixed results in October, with airports like Seattle, Shanghai, Ontario and Guangzhou posting volume increases, according to the International Air Transport Association (IATA).
But European airports saw the most significant declines across the board. Asia and the Americas saw mixed performances for monthly and cumulative volumes.
On a month-on-month basis, airports like Incheon, Shanghai Pudong, London Heathrow, Los Angeles and Ontario achieved growth that may indicate a lift in volumes is on its way with the start of festive season, reported New York's Air Cargo World.
However, volume declines from September to October at airports, such as Guangzhou Baiyun International, Frankfurt, Vienna and Cincinnati/Northern Kentucky International combined with the downward trend of cargo witnessed throughout the year has industry experts taking a conservative stance for the remainder of the year.
Guangzhou Baiyun International airport reported its October cargo throughput rose by 1.6 per cent year on year to 170,067 tonnes. Both imports and exports registered growth at the airport for the month. For the year to date, cargo traffic was up 1.5 per cent to 1.5 million tonnes.
Seoul Incheon airport reported a total cargo volume of 248,537 tonnes for October, down 5.6 per cent. Year-to-date traffic dropped 7.1 per cent compared to the first 10 months of 2018 to 2.7 million tonnes.
Shanghai Pudong International airport saw October cargo volume grow by 2.3 per cent to 328,00 tonnes. In the first 10 months of the year, the airport's cargo throughput was down 4.2 per cent to 2.9 million tonnes.
Amsterdam Schiphol suffered a 6.2 per cent decline in cargo volume in October, dropping to 143,594 tonnes of cargo. Its mail volume rose, however, to 7.8 per cent y-o-y to 1,974 tonnes. Inbound cargo fell across the board, except to, from and within Europe, which was up 3.4 per cent.
Outbound cargo also dropped across the board, except Europe and the Middle East, which saw increases of 7.1 per cent and six per cent, respectively. Year-to-date cargo volumes have fallen by 8.9 per cent compared to the same period in 2018, raising total volumes at the airport to 1.3 million tonnes of cargo.
Frankfurt airport registered a 7.3 per cent decline in October's cargo traffic to stand at 179,273 tonnes. Air freight and airmail volumes dropped 7.5 per cent and 2.9 per cent y-o-y, respectively.
London's Heathrow airport saw an 8.2 per cent y-o-y decline in October cargo volumes to 137,784 tonnes. Year-to-date, the airport's volume fell 6.2 per cent to 1.3 million tonnes.
Vienna airport's cargo throughput declined 2.8 per cent y-o-y in October to 26,646 tonnes. For January through October, air cargo fell 4.6 per cent to 234,467 tonnes.
Cincinnati/Northern Kentucky reported that cargo volumes were down 3.3 per cent in October and reached 106,943 tonnes in throughput. Year-to-date, cargo volumes were up 1.3 per cent to one million tonnes.
Los Angeles International airport saw its cargo volumes dropped 6.6 per cent y-o-y in October to 202,224 tonnes. Year-to-date, cargo volumes were down 5.6 per cent to 1.9 million tonnes.
Ontario International airport's freight volumes rose by 4.6 per cent y-o-y for the month, which offset a sharp decline in mail volumes. ONT's cargo traffic year-to-date rose by 2.4 per cent to 625,276 tonnes.
Seattle-Tacoma international airport's cargo volume handle was up 9.5 per cent in October to 39,555 tonnes. Both domestic and international freight rose over the month. Year-to-date, cargo increased 3.8 per cent to 376,107 tonnes.