Domestic air cargo volume down 4.3% in Q1

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  •  Air cargo handled by domestic carriers declined 4.3% in the first quarter of 2024, according to preliminary data from the Civil Aeronautics Board
  • Domestic carriers handled 56.477 million kilograms from January to March 2024, down from 59.011 million kg year-on-year
  • Among the nine carriers in CAB’s list, five airlines recorded increases while three saw declines and one with no comparative data
  • Cebu Pacific Air continued to handle the highest volume of air cargo during the first quarter, accounting for 22.829 million kg or 40.4% of the total
  • Charter airline Island Aviation Corp carried 823,566 kg , a whopping 169% surge from last year

Air cargo handled by domestic carriers declined 4.3% in the first quarter of 2024, according to preliminary data from the Civil Aeronautics Board (CAB).

Domestic carriers handled 56.477 million kilograms from January to March 2024, down from the 59.011 million kg posted in the same period last year.

Among the nine carriers in CAB’s list, five airlines recorded increases while three saw declines and one with no comparative data.

Cebu Pacific Air continued to handle the highest volume of air cargo during the first quarter, accounting for 22.829 million kg or 40.4% of the total. The figure was also 4.9% higher than the 21.773 million kg that the low-cost carrier processed in the first quarter of 2023.

PAL Express (PALEx) followed closely with 21.539 million kg or 38% of the total. PALEx’ first-quarter volume this year reflected a 33% increase from 16.169 million kg in the same quarter in 2023.

AirAsia Philippines climbed one place to third spot in the first quarter with 4.630 million or 8% of the total. The figure was, however, 39% lower than the 7.564 million kg handled in the first quarter of last year.

Philippine Airlines (PAL), which dropped one rank to fourth place, contributed 7% or 4.049 million kg to the total, 63.5% less than the 11.105 million kg recorded year-on-year.

Ranking fifth was boutique airline AirSwift Transport, Inc. with 2.9% or 1.623 million kg, up 43.5% from last year’s 1.131 million kg.

Charter airline Island Aviation Corp. climbed three places to sixth with 1.5% or 823,566 kg of the total, a whopping 169% surge from the 305,805 kg last year.

Dropping one place to seventh was leisure airline Seair International, Inc. with a 0.96% share or 544,351 kg, a 2.9% decline from the 560,771 kg handled last year.

Cebgo likewise fell one rank to eighth place, handling 436,787 kg, an 8.8% improvement from 401,628 kg last year.

Lastly, boutique airline Sunlight Express Airways handled 2,385 kg in the first quarter of this year. No comparative data was available for the same period last year. – Roumina Pablo

READ: PH domestic air cargo up 21.7% in 2023