Ashwin Bhat

Interesting insights from SIG regarding the air cargo industry 7/17/2024: "Air Cargo Demand Outpacing Supply. This week, we're taking a closer look at our real-time air cargo supply/demand measures. Global air volumes (on a trailing four-week basis) have grown over the past ~12 months, demonstrating Y/Y growth every week since late July 2023 (current week 10%, T4W 12%), with this growth trending to mid-single-digit % since November and tracking closer to ~10% growth since May. Demand growth has also consistently outpaced capacity growth on a Y/Y basis since late January 2024, as capacity has grown in the low-to-mid-single-digit % range since the end of May 2024 (current week 3%, T4W 3%). With global load factors sitting just under pre-COVID levels (currently -100bps vs. same week in 2019), we view this data as favorable in summer before the traditional upcoming air peak season (which typically begins around the end of 3Q)." #AirCargo #SupplyChain #Logistics

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Passenger growth of nearly 5.6 percent and a 10.7 percent increase in cargo volumes year-on-year at #frankfurtairport. Rising passenger numbers at the majority of the Group airports worldwide as well. This is what April 2024 looked like at Fraport AG. More info about Fraport's traffic figures April 2024 you can find at: https://lnkd.in/duBvPT-B #fraport

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As the Air Cargo Community Frankfurt, we are proud to share our commitment to cementing our status as Europe's premier Cargo Hub. Our dedication was underscored yesterday as Pierre Dominique Prümm, Executive Director Aviation and Infrastructure at Fraport AG, Max Philipp Conrady, Vice President of Cargo Development at Fraport, and Dietmar Focke, COO of Lufthansa Cargo, unveiled the forward-thinking Masterplan CargoHub at Frankfurt Airport's Visitor Center.   This masterplan is frankfurt airport’s strategic answer to the anticipated growth in the air freight market. By 2040, we anticipate handling over 3 million tons of cargo flown through Frankfurt, marking for an increase of about 50% from the record high in 2021. We are evolving with the changing currents of cargo flows, digital transformation, and increasing sustainability requirements. Our response includes a comprehensive digitalization of processes and the enhancement and expansion of cargo areas. A pivotal development in this respect is the creation of the new LogisticsHub West, covering a substantial 250,000 square meters, at the western part of Frankfurt Airport.   Pierre Dominique Prümm emphasizes that this initiative not only fortifies Frankfurt's postition as the largest CargoHub in europe for the future, but also sends strong signals for economic growth in Hesse and positions us at the heart of Germany and Europe. We recognize that such ambitious goals can only be achieved collectively. We rely on the strength of our Cargo Community, the trust-based cooperation with our customers and partners, and the ongoing dialogue with our regional neighbors.   Max Conrady encapsulates our mission: "Creating the Future of Cargo. Together." We firmly believe that progress can only be made in unison with all stakeholders, particularly our local Cargo Community.   Discover more about the Masterplan CargoHub here: https://lnkd.in/eCMPUFtU FRA Cargo Team #FutureOfCargo #frankfurtairport #AirCargoCommunity #cargo

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Recently, we have been experiencing severe weather more frequently. At the airport, this can cause delays or flight cancellations. You may be wondering why this is the case, so we will reveal what happens during severe weather conditions at Frankfurt Airport. Most importantly: At Fraport and Frankfurt Airport, our policy is “Safety First”! #weather #safety #frankfurtairport #fraport

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Lufthansa Cargo reported a 3,700 percent increase in operating profit (adjusted EBIT) at €38 million for the third quarter of 2024 compared to €1 million in the same period last year in the traditionally seasonally weak third quarter for air freight. "With all passenger airlines operating at a profit, Eurowings, Austrian Airlines and Brussels Airlines even generated record results in the third quarter," says Carsten Spohr, Chairman, Executive Board and CEO, Deutsche Lufthansa. "Lufthansa Technik and Lufthansa Cargo also remain on track. At the same time, delayed aircraft deliveries, punctuality issues at our hubs in Germany and regulatory disadvantages are impacting our core brand. Lufthansa Airlines has therefore launched the Turnaround programme to address these and structural internal challenges." Jyothi Shankaran, Reji John #LufthansaCargo #LufthansaTechnik #DeutscheLufthansa #Lufthansa #Germany #LufthansaAirlines #aviation #revenue https://lnkd.in/drSHdusJ

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