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Weakness persists in Asian air cargo carriers throughout December

ASIAN air carriers reported mixed year-on-year declines in cargo traffic in December with mainland-based Air China and Singapore Airlines suffering the biggest hits, reported New York's Air Cargo World

Weakness persists in Asian air cargo carriers throughout December

ASIAN air carriers reported mixed year-on-year declines in cargo traffic in December with mainland-based Air China and Singapore Airlines suffering the biggest hits, reported New York's Air Cargo World

29 January 2020 - 19:00

ASIAN air carriers reported mixed year-on-year declines in cargo traffic in December with mainland-based Air China and Singapore Airlines suffering the biggest hits, reported New York's Air Cargo World.

Hong Kong's Cathay Pacific and Cathay Dragon reported a 5.7 per cent year on year decline in cargo and mail to 979 million freight tonne kilometres (FTKs). While this is less than the 6.7 per cent year-to-date decline to 11.3 billion FTKs, it still indicates weakness in the market.



Meanwhile, tonnage declined 2.9 per cent in December to 177,561 tonnes, and 6.1 per cent year to date to two million tonnes.



EVA Air's cargo traffic saw growth of 3.3 per cent for the month of December to 307 million FTKs. Load factors were down 5.2 per cent with a 10.3 per cent increase in available tonne kilometres (AFTKs) for the month. Year to date, EVA's cargo traffic was down 6.7 per cent and tonnage off 9.9 per cent.



China Southern's traffic for December increased by 4.1 per cent to 679 million FTKs. Year-to-date traffic saw a slight increase of 0.7 per cent at 7.5 billion FTKs. Domestic traffic for the carrier was up 7.1 per cent, while international traffic increased 3.3 per cent. Month over month, the carrier's total cargo handle increased 2.9 per cent from November.



Air China's cargo traffic for December was 5.1 per cent lower than the same month last year at 402 million FTKs. Overall tonnage decreased by 0.9 per cent to about 129,000 tonnes. For 2019, traffic was down 4.0 per cent, and tonnage was 1.8 per cent lower than during the same period in 2018.



Singapore Airlines reported December cargo traffic down 9.9 per cent to 557 million FTKs, while cargo tonnage declined by 3.6 per cent to just over 943,000 tonnes. Year-to-date traffic was up 1.6 per cent to 6.6 billion FTKs.


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