All Nippon Airways said international cargo volume soared 36.8 percent year over year to 41,354 tons in July, increasing for the eleventh consecutive month. The year-on-year pace of growth slightly quickened from 36.6 percent in June.
ANA's domestic cargo volume also grew for the eighth straight month in July on a year-on-year basis, rising 3.7 percent to 42,655 tons. The year-on-year pace of growth slightly slowed down from 4.6 percent in June.
In the April-July period, ANA's international cargo volume totaled 159,304 tons, up 45.4 percent from a year earlier. ANA's domestic cargo volume between April and July amounted to 152,750 tons, up 3.5 percent from a year earlier.
By The Numbers: Asia-Pacific Airlines' Freight Traffic.
While much of the improvement results from a recovery in the Japanese freight market, ANA is also taking market share from Japan Airlines as it exits the air cargo market entirely following its bankruptcy.
JAL said its international cargo volume dipped for the second straight month in July, plummeting 9.9 percent year over year to 46,930 tons.
The year-on-year pace of decline in July was faster than that in June, when JAL's international cargo volume sank 7.2 percent from a year earlier, marking the first drop in eight months.
JAL's domestic cargo volume also edged down 1 percent in July to 43,057 tons. The July drop followed a year-on-year increase of 2 percent in June.
In the first four months of fiscal 2010, which started on April 1, JAL's international cargo volume totaled 188,189 tons, down 0.8 percent from a year earlier. JAL's domestic cargo volume in the April-July period amounted to 152,362 tons, up 1.1 percent from a year earlier.
JAL filed for bankruptcy protection in January under the Corporate Rehabilitation Law. Following the bankruptcy protection filing with the Tokyo District Court, the Tokyo Stock Exchange delisted JAL shares in February.
JAL submitted its state-backed rehabilitation plan to the court on Aug.31, two months later than initially planned. With the rehabilitation plan, the airline aims to swing back into the black in fiscal 2010, which ends on March 31, 2011, and relist by the end of 2012.
The rehabilitation plan specifically features a $6.14 billion debt forgiveness by creditor banks, a $4.12 billion additional investment in JAL by the government's Enterprise Turnaround Initiative Corp. of Japan, 16,000 job cuts in the JAL group -- one-third of the current workforce -- by the end of next March, termination of 45 money-losing domestic and international routes and a withdrawal from the air cargo business.
-- Contact Hisane Masaki at email@example.com.