HEADLINE
Global air cargo traffic on the upswing
August 2024 was another strong month for the airfreight industry, with global air cargo traffic increasing by 11.4% year-over-year, measured in cargo tonne-kilometres (CTK) and marking the ninth consecutive month of double-digit expansion. To underscore the sustained recovery in the air cargo sector, the International Air Transport Association (IATA)…
Read MoreAsia Pacific and Europe rate rises lift global prices
Rising air cargo rates from Asia Pacific and Europe helped to raise average worldwide prices in the first week of the airline sector’s (northern) winter 2024-25 timetable from 27 October, according to the latest weekly figures and analysis from WorldACD Market Data. Average worldwide air cargo rates in week…
Read MoreAir cargo from India on a high
International air cargo from India has seen a resurgence, with double-digit growth over the past year, according to reports. From October 2023 to March 2024, air cargo volumes grew 18% year-on-year to nearly 1.7 million tonnes. The growth was 20% year-on-year from April 2024 to August 2024, with air…
Read MoreVipin Kumar is the new Chairman of Airports Authority of India
Mr Vipin Kumar, an IAS officer of the 1996 batch, Bihar cadre, recently took over as Chairman of Airports Authority of India (AAI). Prior to this appointment, he was serving as Additional Secretary, Department of School Education & Literacy, Ministry of Education, Government of India. Mr Kumar holds a…
Read MoreRates rise further in last full week of October
Average worldwide air cargo spot rates rose by a further +5% in the last full week of October, thanks to week-on-week (WoW) increases in spot prices from Asia Pacific (+3%), Europe (+7%), and Central & South America (CSA, +8%), while global tonnages remained broadly flat, WoW, at around +4%…
Read MoreRajiv Gandhi International Airport commences Thai AirAsia flight services to Bangkok
Rajiv Gandhi International Airport, Hyderabad, has commenced new flight services from Hyderabad to Don Mueang International Airport (DMK), Bangkok, from October 27, 2024 with Thai AirAsia. A joint venture of Malaysian AirAsia and Thailand’s Asia Aviation, Thai AirAsia is a Thai budget airline offering domestic and international flights from…
Read MoreIndiGo announces daily direct flights between Pune and Dubai
IndiGo will be commencing daily direct flights between Pune and Dubai, starting from November 22, 2024. This new route will enhance IndiGo’s international network from Pune by providing direct connectivity to one of the most sought-after tourist and business destinations for Indian travellers. With this new addition by IndiGo,…
Read MoreIATA and ASA strengthening collaboration to boost ground handling safety and efficiency
The International Air Transport Association (IATA) and the Airport Services Association (ASA) are strengthening their collaboration to improve ground handling safety and efficiency. Together, the organizations will work to reinforce standardization, promote safety data sharing, and explore new approaches to enhance sector resilience. “Global standards make aviation safer, and…
Read MoreFreight forwarder Accelerated Global Solutions acquired
Tech-enabled last mile delivery platform SpeedX has delved into airfreight with the acquisition of freight forwarder Accelerated Global Solutions (AGS). AGS brings a range of services to SpeedX, including international air and ocean freight forwarding, warehousing solutions and licensed customs brokerage. With over 300 employees, AGS serves the fast…
Read MoreBelly boosts Air Canada’s cargo revenue
Air Canada saw 18% year on year cargo revenue growth in the third quarter of 2024, primarily due to thriving belly cargo in the Pacific market. Revenues reached C$253m during the quarter ended September 30, up from C$215m during the third quarter of 2023, said the Montreal-headquartered airline, as…
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