Cargo executives from many of the global airlines recently raided by cartel investigators have pledged to cooperate in the investigation into price-fixing. Carriers, including British Airways, Lufthansa, Cathay Pacific and Korean Air, are under investigation by US, Asian and European authorities over allegation they secretly set freight costs. The investigators are trying to establish if the carrier colluded on fuel prices and other aspects of cargo operations. Mar 12, 2006
IATA reported that the world's airlines continued their momentum into the new year as international passenger traffic rose 6.2% in January while airfreight grew 5.3%, suggesting that the world economy may be heating up after last year's second-half slowdown in FTKs. Total passenger capacity climbed 4.6% and cabin factor was 74.6%. Cargo capacity kept pace with the rise in traffic with ATKs up 5.2%. Mar 6, 2006
Cathay Pacific Cargo's ATKs were up 12.9% to 9.88 billion but load factor dipped 1.7 points to 67% and yield eased 0.6%. The airline launched new cargo service to Dallas and Atlanta in 2005 plus overnight express operations on behalf of DHL to Shanghai, Beijing and Nagoya. Mar 9, 2006
Qantas said current fuel prices and "the unavailability of suitably fuel-efficient aircraft for lease" were the main reasons for the decision. However, there have been concerns about the direction in the air cargo market, which slowed to 3% FTK growth last year. While China and a recovering Japan continue to underpin higher growth in regional freight traffic, the...