SIA Cargo reported a loss of US$36.3 million, even as traffic rose 2.6 percent, year-over-year, in 2015, which, according to its financial calendar, ended on March 31.\u00a0
\nAlthough operating expenses were indeed driven down by lower fuel costs, falling $122.7 million for the year, yields fell at an even faster pace, down 11.6 percent. Declines to fourth-quarter yields were more pronounced, down 15.5 percent on the non-recurring demand for charter flights in 2015, which resulted from the U.S. West Coast port disruptions.
\nGiven the increase in cargo traffic, which swelled to 6.5 billion freight tonne kilometers, rates appear to have been discounted too steeply. SIA Cargo said it will \u201ccontinue to focus on higher-yielding product segments\u201d as it moves into 2016.
\nMoving forward, the group says its \u201coutlook remains cautious for air cargo amid the economic slowdown in China and ongoing uncertainty surrounding the global economy.\u201d
\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"
SIA Cargo reported a loss of US$36.3 million, even as traffic rose 2.6 percent, year-over-year, in 2015, which, according to its financial calendar, ended on March 31.\u00a0 Although operating expenses were indeed driven down by lower fuel costs, falling $122.7 million for the year, yields fell at an even faster pace, down 11.6 percent. Declines[…]<\/a><\/p>\n","protected":false},"author":1,"featured_media":1478,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[49],"class_list":["post-1477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-airport-code"],"_links":{"self":[{"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/posts\/1477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/comments?post=1477"}],"version-history":[{"count":0,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/posts\/1477\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/media\/1478"}],"wp:attachment":[{"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/media?parent=1477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/categories?post=1477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/tags?post=1477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}