Tight airfreight supply and demand due to reduced international passenger flights
First written in FY2021-Q2. 2 of 18 entries say "Advanced", first in FY2025-H1. Latest entry: FY2026.
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- FY2026Airfreight volumes flat; higher profit levelAnnual report
「In the air cargo handling business, handling volume remained broadly in line with that of the previous consolidated fiscal year, while profit levels exceeded those of the previous consolidated fiscal year due to lower purchase prices and the acquisition of spot cargo.」
Air cargo handling volume remained at roughly the previous year's level, while profit levels rose due to lower purchase prices and the acquisition of spot cargo. - FY2026-H1Higher profit levels due to lower air cargo handling volume and purchase pricesAnnual report
「In the air cargo handling business, handling volume fell below that of the same interim period of the previous year, while profit levels rose year on year due to lower purchase prices.」
Air cargo handling volume fell below that of the same interim period of the previous year against a backdrop of recovering international passenger flights and other factors, but profit levels rose due to lower purchase prices. - FY2025AdvancedAnnual report
「In the air cargo handling business, handling volume increased due to active cargo movements from Asia and spot cargo demand in the third quarter, while purchase prices rose and profit levels remained roughly in line with those of the previous consolidated fiscal year.」
Air cargo handling volume increased year on year due to cargo movements from Asia and spot demand. - FY2025-H1AdvancedAnnual report
「In the air cargo handling business, handling volume increased year on year, mainly due to recovering cargo movements from Asia, but profit levels declined due to higher purchase prices.」
Air cargo handling volume increased year on year due to recovering cargo movements, mainly from Asia. - FY2024Easing air cargo supply and demand and declining full-year handling volumeAnnual report
「In the air cargo handling business, cargo movements recovered during the second half, mainly from Asia, but full-year handling volume decreased year on year and profit levels declined.」
Although some recovery occurred in the second half amid increased available capacity as international passenger flights recovered, full-year handling volume and profit levels fell below those of the previous year. - FY2024-Q3Easing air cargo supply and demand and declining handling volumeAnnual report
「In the air cargo handling business, although cargo movements began to recover, mainly from Asia, handling volume and profit levels decreased year on year overall.」
Although some cargo movements, mainly from Asia, recovered, overall air cargo handling volume and profit levels decreased year on year. - FY2024-Q2Easing air cargo supply and demand and declining handling volume and profit levelsAnnual report
「In the air cargo handling business, available capacity increased year on year as international passenger flights recovered, while demand remained weak and cargo movements declined. Although efforts were made to contain purchase prices through agile purchasing, handling volume and profit levels decreased significantly year on year.」
The increase in available capacity as international passenger flights recovered and sluggish demand eased air cargo supply and demand. Despite measures to contain purchase prices, handling volume and profit levels declined substantially. - FY2024-Q1Easing air cargo supply and demand and declining handling volume and profit levelsAnnual report
「In the air cargo handling business, available capacity for international passenger flights increased, while cargo movements remained weak, resulting in year-on-year decreases in handling volume and profit levels.」
The increase in available capacity as international passenger flights recovered and sluggish cargo demand eased air cargo supply and demand, resulting in year-on-year declines in handling volume and profit levels. - FY2023Annual decline in air cargo handling volume and profit levelsAnnual report
「In the air cargo handling business, a certain level of profit was secured through the acquisition of spot business and cost reductions from reviewing agile purchasing activities, but handling volume and profit levels fell below those of the previous consolidated fiscal year amid sluggish cargo movements.」
As the tight supply-demand balance eased due to the resumption of international passenger flights and other factors, air cargo handling volume and profit levels fell below those of the previous year. - FY2023-Q3Decline in air cargo handling volume and profit levels due to the absence of a busy seasonAnnual report
「In the air cargo handling business, handling volume and profit levels fell below those of the same quarter of the previous year, as cargo movements remained sluggish and the busy season normally seen in the third quarter was absent.」
Air cargo movements remained sluggish, the usual third-quarter busy season was absent, and handling volume and profit levels fell below those of the same period of the previous year. - FY2023-Q2Decline in air cargo demand and handling volumeAnnual report
「In the air cargo handling business, both handling volume and profit levels decreased year on year due to sluggish cargo movements in the automobile and other industries.」
Handling volume and profit levels for air cargo decreased year on year due to sluggish cargo movements in the automobile and other industries. - FY2023-Q1Tight air cargo supply and demand eased as international passenger flights resumedAnnual report
「In the air cargo handling business, the tight supply-demand balance has begun to ease as international passenger flights resumed, although selling prices remained higher than in the same quarter of the previous year.」
The tight supply-demand balance for air cargo capacity began to ease as international passenger flights resumed, but selling prices remained above the level of the same period of the previous year. - FY2022-Q3RestatedAnnual report
「In the air cargo handling business, supply and demand tightened as cargo volumes increased during the busy third quarter while international passenger flights continued to be reduced or suspended due to the impact of COVID-19, resulting in lower available capacity. By securing transport capacity through agile purchasing activities under these conditions, handling volume increased year on year and drove performance.」
Supply constraints caused by reduced or suspended international passenger flights and increased cargo demand have continued to tighten air cargo supply and demand and support high handling volumes. - FY2022-Q2Continued tightness in air cargo supply and demandAnnual report
「In the air transportation business, international passenger flights continued to be reduced or suspended due to the impact of COVID-19, while air cargo volumes remained firm, mainly for automobiles, semiconductors and e-commerce-related goods. In addition, some ocean freight continued to shift to air transport due to a shortage of container vessel capacity and port congestion, and both cargo loads and freight rates remained high, mainly on North American and European routes, even in July and August, which are typically slow summer months.」
In addition to constraints on passenger flight capacity, the continued shift from ocean freight kept air cargo loads and freight rates at high levels during the summer. - FY2022-Q1Recovery in airfreight demand and tight supply and demandAnnual report
「In addition, some ocean freight continued to shift to airfreight due to a shortage of container-vessel capacity and port congestion, keeping both cargo loadings and unit freight rates at elevated levels.」
In addition to capacity constraints caused by reduced and cancelled international passenger flights, the shift of cargo from ocean transport sustained tight airfreight supply and demand and elevated freight rates. - FY2021Continued tight airfreight supply and demand driven by recovering demandAnnual report
「Meanwhile, from the middle of the third quarter through the peak season, cargo movement recovered, led by automotive parts, semiconductors, and electronic equipment. In addition, some ocean freight shifted to airfreight due to congestion affecting container vessels, tightening supply and demand for airfreight capacity and keeping freight rates at elevated levels.」
Amid continued constraints on international passenger flight capacity, the recovery in demand for automotive parts and semiconductors and the shift of ocean freight to airfreight tightened airfreight supply and demand and contributed to results through the fiscal year through elevated freight rates. - FY2021-Q3Changing drivers of tight airfreight supply and demandAnnual report
「In the Airfreight Business, the return of international passenger flights to the market remained limited as the impact of the spread of COVID-19 continued. Meanwhile, from the middle of the third quarter through the peak season, cargo movement recovered, led by automotive parts, semiconductors, and electronic equipment. In addition, some ocean freight shifted to airfreight due to congestion affecting container vessels, tightening supply and demand for airfreight capacity and keeping freight rates at elevated levels.」
Although the return of international passenger flights remained limited, the recovery in airfreight demand for automotive parts and semiconductors and the shift from ocean freight sustained tight supply and demand for airfreight capacity and elevated freight rates. - FY2021-Q2First statedAnnual report
「In the Airfreight Business, air cargo movement in the market declined as the impact of the spread of COVID-19 continued, but supply and demand tightened as international passenger flight cancellations and reductions continued.」
Although air cargo movement declined, transport capacity decreased due to international passenger flight cancellations and reductions, tightening supply and demand.