Freight Snaps

Freighter Operators are Rocketing! Top 10 Airlines 2020 vs. 2018

The pandemic has taken its toll on passenger airlines, while those with freighters are able to benefit from the return in demand and sky-high rates.

Last year is one of the extremes for the airlines’ industry as the Covid-19 disrupts the market. According to IATA’s latest World Air Transport Statistics (WATS) report, the overall volume in cargo tonne-km (CTK) of the top 25 airlines in 2020 shrinks by 3.3% on the previous year and 4.3% on 2018. Nonetheless, the volume for freighter operators boosts as they are able to take advantage of the extreme freight rates and escalating demand to make a catastrophic fortune.

FedEx leads the way.

US express giant is topping the list once again with a ~12% increase on 2018 to 19.7 billion CTK. The prosperity is attributed to the enhanced e-commerce market – as customers switch to purchase online instead of in physical stores due to pandemic lockdowns – and the revived US domestic market.

Qatar Airways expanses its capacity.

In spite of the impact of Covid-19, Qatar Airways still manages to achieve an 8.2% increase on 2018 in cargo traffics to 13.7 billion CTK as it surpasses many of its carrier rivals.

It has also benefited from a rapid expansion of its freighter fleet over the past few years. Since April 2019, the carrier has added a total of 10 Boeing 777 freighters. Overall, Qatar Airways now operates a fleet of 28 freighters, 26 B777Fs and 2 B747-8Fs, as well as 6 passenger B777s with seats removed.

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