Data & Financials

The predicted slowdown of the global air freight market became a clear trend in June, as year-over-year (YOY) growth in the total air cargo market slowed to 2.7%, about half the five-year average growth rate (5.1%), according to IATA’s June Air Freight Market Analysis.

Cathay Pacific Airways reported a 2018 first-half net loss of HK$263 million ($33.5 million), narrowed from a net loss of HK$2.1 billion in the year-ago half as the Hong Kong-based carrier’s multi-year recovery and restructuring effort remains on track.

Cargo operator Atlas Air Worldwide (AAW), continuing to reap benefits from strong demand across its businesses, increased adjusted net income 71% year-over-year (YOY) in the second quarter and has raised its full-year revenue and profit forecasts.

São Paulo-based LCC GOL reported a BRL1.3 billion ($329.1 million) second-quarter 2018 net loss, deepened from a BRL409.5 million net loss a year ago, largely attributable to a steep 16% drop in the monetary exchange rate between the Brazilian real and the US dollar during the three-month period ended June 30.

International Airline Group—parent company of British Airways, Iberia, Aer Lingus, Vueling and Level—reported strong half-year profits Aug. 3, despite the dual headwinds of rising fuel prices and continuing strikes by French air traffic controllers.

Traffic from Moscow Domodedovo International Airport to Turkey increased 26.3% year-over-year (YOY) in June and July 2018.

Substantial marketing efforts led to Royal Jordanian more than halving its losses for 1H 2018 compared to the same period a year earlier, the airline said.

All Nippon Airways (ANA) said its results for the most recent quarter outperformed its expectations, even though its profit was significantly lower than in the previous year.

Air France-KLM said the dispute with unions over pay has led it to post a net loss of €159 million ($186 million) in the first half, reversed from a net profit of €450 million the first half of the previous year.

A significant rise in traffic and revenue could not offset higher fuel prices for Japan Airlines (JAL), with the carrier reporting a drop in net profit for the three months through June 30.

Lufthansa Group delivered a €677 million net profit for the first half of 2018, however flight cancellations and expansion of LCC Eurowings burdened group earnings.

Canada's WestJet posted a 2018 second-quarter net loss of C$20.8 million ($15.9 million), falling into the red as rising fuel prices and other challenges overwhelmed rising revenues and passenger loads.

All Nippon Airways (ANA) Holdings’ net profit dropped sharply in the quarter ending June 30, although the carrier still expects to achieve its profit target for the full year.

Saudi Arabian Airlines (Saudia) reported what it described as significant growth in passenger traffic in the first half of 2018.