• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Sunday, April 11, 2021
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

Airlines eye Cargo Boom as pandemic Hits Passenger Numbers

Jackson OkothbyJackson Okoth
February 25, 2021
in Aviation, Kenyan News
Reading Time: 3min read
Kenya Airways

A Kenya Airways Loading Cargo. Image: Kenya Airways.


The COVID-19 pandemic has destroyed air travel demand, leaving cargo as light at the end of the tunnel for big airlines.

On this list is Kenya Airways, which has finalized the conversion of its Boeing 787s for cargo business, with a maximum capacity of 16 tonnes.

Many international airlines have been redesigning their passenger planes in response to the growing demand and need for increased cargo capacity.

ADVERTISEMENT

With fewer passenger planes in the air, there is less room for freight that is usually transported in their holds.

This has pushed up demand for cargo jets to help handle the boom driven by online shopping, vaccine distribution and just-in-time supply chains.

Airlines shift to cargo as passenger numbers fall

Demand has been surging for cargo planes since the pandemic started. According to the International Air Transport Association(IATA) Cargo chartbook, Cargo traffic has risen again, providing a lifeline for airlines.

IATA says that the lack of belly capacity impacts cargo capacity as international passenger traffic has not improved.

Those carriers with more cargo capacity have done better in terms of flown volumes.

Cargo yields have begun to rise again in October 2020 as the cargo peak season starts, leading to record-high cargo revenues that provide welcome support to overall airlines revenues.

African Carriers

African airlines topped the growth chart both in 2020 overall and in December. Their international Cargo Tonne Kilometers( CTKs)increased by 1.9% year-on-year in 2020, the only region to accomplish this feat.

In December 2020, the same metric grew by 6.3%. This has allowed African airlines to catch up with Latin American carriers; in 2020, both had similar shares of global international CTKs, at 2.4%.

A report by Sanford C. Bernstein, a US Research and Investment Banking firm, says passenger to freighter conversions have grown in recent years.

Many carriers, such as KQ, are temporarily converting some passenger jets to freighters.

ALSO READ: Lessors Allow KQ to Convert Dreamliners into Cargo Planes



Hisa App
Previous Post

Bitcoin Crashes to $45K, Square Increases BTC Holding

Next Post

Tavaziva Madzinga Joins the Board of Britam

Related Posts

Mombasa Port Cargo Traffic up 10.7% to 9.54 Million Tonnes

Mombasa Port Cargo Traffic up 10.7% to 9.54 Million Tonnes

April 10, 2021
BOC Kenya Proposed Takeover by Carbacid Investments Hits another Delay

BOC Kenya Plc Owners to Earn Millions from Carbacid’s Takeover Deal

April 10, 2021

CBK Accepts Bids Worth KSh 20.1 Billion at Weekly Auction

April 9, 2021

Kenya Shilling Strengthens on Impending IMF Disbursements

April 9, 2021

Telkom Kenya in C-Suite Changes as Kris Senanu, Steve Okeyo Exit

April 9, 2021

Kenya Business Activity Slows Sharply in March

April 9, 2021

Eliud Kipchoge First Set of NFTs Fetch over $37,000

April 9, 2021

KenGen Earns KSh440 Million from Geothermal Tender in Ethiopia

April 9, 2021
Load More
Next Post
Tavaziva Madzinga Joins the Board of Britam

Tavaziva Madzinga Joins the Board of Britam

Follow Us

  • 7.2k Fans
  • 114.9k Followers
  • 453 Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

There are no upcoming events.

View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

Angaza Awards Top 10

Introducing The Top 10 Women Shaping the Region’s Banking and Finance Sector

April 6, 2021
Dan Aceda On Spotify

Spotify and The Business of Music in Kenya

March 16, 2021
Gamestop

Can the Gamestop Situation Happen in Kenya?

February 21, 2021
Hisa App

Announcing Hisa App Public Beta Launch

February 20, 2021
Absa Kenya CEO Jeremy Awori

Absa Marks One Year Since Transition, Commits KSh1.6 Billion into Digital Products

February 11, 2021

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Global Markets
    • Healthcare
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?