Weekly Air Operations Update: Shanghai to Europe, US and Australia 26/07/24

General overview: Currently, the air market is stable overall, with stable export volumes and relatively stable air rates. The capacity on Australian routes is constrained due to a shortage of freighter flights, yet prices remain relatively steady.

Shanghai to London

• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• Weather is normal
• Space is open
• Rates are steady

Shanghai to New York

• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• Weather is normal
• Space is open
• Rates are steady

Shanghai to Los Angeles

• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• Weather is normal
• Space is open
• Rates are steady

Shanghai to Frankfurt

• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• Weather is normal
• Space is open
• Rates are steady

Shanghai to Melbourne

• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• Weather is normal
• Space is tight
• Rates are high but relatively steady

Shanghai to Sydney

• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• Weather is normal
• Space is tight
• Rates are high but relatively steady

Market intel

China Cargo adds new service to Budapest

China Cargo Airlines has launched a new service to Budapest Airport that the eastern European hub hopes will support trade with China.

The new Shanghai Pudong (PVG)-Budapest service is operated by a Boeing 777 freighter three times per week on Mondays, Wednesdays and Fridays.

It is the first time the Hungarian airport has been linked with Shanghai by the China Eastern subsidiary.

“This development marks a significant milestone in our cargo network development,” the airport said, highlighting the cargo volumes out of PVG.

“Last year, PVG was the world’s third-largest cargo hub in terms of cargo turnover. The thrice-weekly scheduled connection thus creates a great transport opportunity for export and import flows for both SMEs and multinational companies in Hungary and the CEE region and further strengthens BUD’s position as a cargo hub in Central and Eastern Europe.”

The new flight is not the first time the airport has added a new freighter service from China this year.

In mid-June, the carrier added a Boeing 747 freighter flight linking Ezhou Huahu Airport in central China’s Hubei Province with Budapest International Airport in Hungary.

This is the first air cargo route linking Ezhou Huahu Airport to Hungary and is also SF Airlines’ third route from this airport to Europe.

Meanwhile, China Cargo recently signed an extended partnership with Air France KLM Martinair Cargo.

The agreement started on July 1 and will allow China Cargo Airlines to utilise Air France belly capacity for flights from Paris CDG to São Paulo Guarulhos Airport (GRU).

The two airlines have already had an interline agreement in place for a decade and also run a joint handling operation at Shanghai Pudong Airport (PVG) where AFKLMP shipments are handled by China Cargo.

Source: Air Cargo News