Ethiopian airlines cargo volumes increases rapidly for fiscal yr 2017-18

With fleet expansion Ethiopian airlines is experiencing rapid increase in volumes close to 400,339 tonnes for last fiscal yr. with an approx increase of 18% YOY. Ethiopian airlines added 14 new aircraft to its fleet & routed to 8 new international destination namely Geneva, Chicago, Bahrain, Kaduna, Buenos Aires, Kisangani, Mbuji-Mayi & Nosy-Be.  The airlines...

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Increase in air freight rate in July despite market slowdown

Air freight rates are increasing since July this year irrespective of market slowdown. Generally with market slowdown the air freight rates also show decline but not this year as it seems that major cargo hubs are under pressure based on available cargo handling. As per below TAC index the prices on Hong Kong to North America increased by 16% in July. Similarly for...

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