Tag: trade tensions

HKIA’s cargo tonnage falls 11.5% in August

Hong Kong International Airport’s (HKIA) cargo tonnage fell a significant 11.5 per cent year-on-year (YOY) in August to 382,000 tonnes as various headwinds impacted the hub's freight performance during the month. The airport said amid global trade uncertainties, cargo volume continued to contr...

Hong Kong’s cargo tonnage declines 7.4% in July

Hong Kong International Airport’s (HKIA) cargo throughput fell 7.3 per cent to 401,000 tonnes in July with declines to key trading regions given as a central reason for the fall. Operator, the Airport Authority Hong Kong, said the decrease in cargo throughput was attributed to a 12 per cent de...

IATA: Air freight markets decline for the eighth consecutive month

Air freight markets declined year-on-year for the eighth consecutive month in June, according to the International Air Transport Association (IATA), who blamed global trade tensions. Globally, IATA said demand, measured in freight tonne kilometres (FTKs), decreased by 4.8 per cent, compared to t...

Atlas Air reports revenue and earnings fell below expectations

Atlas Air Worldwide has reported that its revenue and earnings fell below their targets in the second quarter with senior decision-makers blaming tariffs and trade concerns. Revenue for the three months ending 30 June 2019 came in at $663.9 million, down from the $666.1 million reported for the...

Logistics industry sees emerging markets growing at 5% in 2019, Agility Index finds

The 2019 Agility Emerging Markets Logistics Index has found that logistics industry executives worry about global trade tensions and geopolitical threats. Other findings were that the logistics industry sees emerging markets growing at a healthy five per cent pace in 2019, but a surprising percen...

IATA: Slow but steady growth continues despite trade tensions

The air freight industry's slow but steady growth continues despite trade tensions, according to figures released by theInternational Air Transport Association (IATA). The association reports that demand, measured in freight tonne kilometers (FTKs), rose 3.1 per cent in October 2018, compared to ...

AAPA voices concerns over rising trade tensions and lack of infrastructure

The Association of Asia Pacific Airlines (AAPA) has voiced concerns over rising tensions that are being waged between major trading nations like China and the USA. Asia Pacific airline leaders made their feelings known when they gathered at AAPA's 62nd Assembly of Presidents in Jeju, Korea this w...

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