Tough June for Europe's air cargo carriers

European airlines continued to struggle with the continent’s weak economic conditions last month with volumes and load factors continuing to lag behind last year’s levels. Combined data from the IAG Group, Lufthansa Group, Air France KLM and Finnair show that demand at the airlines they own declined by 4.6% year on year in June in terms of revenue/cargo tonne km. Meanwhile,...

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UPS expands express freight service

UPS is adding eight origin and five destination countries to its Worldwide Express Freight service, designed for urgent, time-sensitive and high-value international heavyweight shipments. The expansion adds five countries in Latin America and three in Europe. UPS now offers the guaranteed service – targeting product launches, inventory shortages or equipment...

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Airfreight demand growth "comes off the boil" in May

  Cargo demand growth “came off the boil” in May, while capacity additions have resulted in a further weakening of load factors. Figures from the International Air Transport Association show that demand growth in freight tonne km terms increased 2.1% year on year in May, which is the slowest growth rate recorded this year, compared with growth of 4% for the first...

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