All articles by Air Cargo News (Admin) – Page 127
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News
ATSG profits on the up in Q1
Aircraft lessor ATSG saw first-quarter net earnings increase on the back of demand at its Cargo Aircraft Management (CAM) business and lower federal taxes.The company saw revenues for the period decline by 14.6% year on year to $203m, although this reflected the adoption of a new revenue standard and $54.4m ...
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Swissport receives $100m partial loan repayment from HNA parent
Swissport has received a further $100m (€83m) repayment on the ground handler's affiliate loan to its parent company, China's HNA Group, and has agreed to a "temporary remedies standstill period" of five months in collecting the balance.The repayment is in partial satisfaction of HNA Group's obligations under an outstanding affiliate ...
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Air Incheon welcomed to Hanoi
Air Incheon (KJ) has launched a six times a week B767-300 freighter service from Incheon to Hanoi.Terminal operator Air Cargo Services of Vietnam (ACSV) is Air Incheon's cargo handling partner at Hanoi.ACSV is providing a one-stop-shop ramp- and terminal handling service for all KJ flights through Hanoi.Air Transport Services Group ...
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Cargojet reports increased revenues and profits in Q1
Aircraft lessor Cargojet saw first-quarter revenues increase by 13.9% year on year, driven by its overnight and charter business.The Canadian company reported total revenues for the first three months of the year of C$99.2m, while earnings before income taxes improved by 71.1% year on year to C$6.5m and net earnings ...
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DP DHL group Q1 revenue dips but freight forwarding turnaround continues
Deutsche Post DHL (DP-DHL) Group saw a slight dip in first quarter 2018 revenues to €14.7bn from €14.9 bn in prior year, mainly attributable to negative currency effects and the sale of UK supply chain subsidiary Williams Lea Tag.On an organic basis – after adjusting for currency and portfolio effects ...
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UK sniffer dogs back on airfreight patrol
Dogs capable of detecting minute traces of explosives concealed in airfreight are being re-deployed in cargo sheds at British airports.In 2014, the UK's Department for Transport (DfT) announced that certification for sniffer dogs used to detect explosives would be withdrawn.At the time, a DfT spokesperson said: “UK aviation security measures ...
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Norwegian rebuffs IAG takeover bids
Norwegian Air Shuttle (NAS), the fast-growing low cost carrier, has rejected a takeover proposal from IAG Group, the owner of British Airways, Iberia, Aer Lingus, Vueling and Level.A short statement from the Norwegian carrier said: "The Board of Norwegian Air Shuttle confirms that it has received two separate conditional proposals ...
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United and Lufthansa cargo joint venture takes off
United Airlines of the US and Germany's Lufthansa Cargo have now launched their long-awaited air cargo joint venture, a transatlantic partnership first mooted in 2015.Effective May 3, the two carriers will jointly manage sales and booking of standard and express shipments on routes between Europe and the US using their ...
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Swissport Basel certified for pharma logistics by IATA
IATA has awarded Swissport Cargo Services at Basel’s EuroAirport with the CEIV Pharma certificate for pharmaceutical logistics.The CEIV regulations guarantee the highest quality and safety standards for the transport of sensitive pharmaceutical products. Swissport’s Basel warehouse is the company's sixth CEIV certified cargo facility."We are very pleased to receive the ...
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CEVA launches IPO on Swiss stock exchange
The initial public offering (IPO) of CEVA Logistics (CEVA) was launched today with the traditional ringing of a cow bell to open the day's trading.CEVA chief executive Xavier Urbain was joined by executives from SIX and other members of the CEVA team to celebrate the company's arrival on the SIX.Werner ...
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Turkish lands at Brussels
Turkish Cargo has added Brussels in Belgium as a destination for direct scheduled cargo flights.The opening of the new cargo destination was celebrated with an event attended by all the agencies operating at Brussels airport.In the first stage, as previously reported by Air Cargo News, the weekly frequencies with A310F ...
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IAG Cargo revenues on the rise in Q1 2018
IAG Cargo's first quarter 2018 results saw commercial revenues of €276m, a rise of 3.4%, or 10.9% at constant currency versus last year.The cargo division, which includes British Airways, Iberia, Vueling, Level and Aer Lingus, saw overall yield for the January to March period up 11.8% at constant exchange. Volumes ...
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Brexit expected to increase supply chain complexity
The UK's withdrawal from the European Union is likely to increase supply chain complexity, according to speakers at the Multimodal exhibition and conference.During a session on Brexit, Peter MacSwiney, chairman of Agency Sector Management (ASM) and co-chair of the Joint Customs Consultative Committee (JCCC) Brexit sub group said that politicians ...
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Air cargo hedging for a paper market
In many industries index-linked block space agreements (BSA) and derivatives markets, also known as forward freight agreements (FFA) and paper markets, are normal.In shipping, for example, many bulk sectors have a paper market that offers the option to hedge against the volatility of prices in the physical market.Now, one company ...
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Atlas Air upgrades outlook after improvement in Q1 revenues and profits
Aircraft lessor Atlas Air Worldwide has increased its outlook for the year as revenues and net profits rose during the first quarter of 2018.During the quarter, the company registered a 24.1% year-on-year improvement in revenues to $590m, operating income increased 68.8% to $40.6m and net income reached $9.6m compared with ...
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Envirotainer adds Atlanta to RAP e2 network in the US
Specialist pharma-chain ULD provider Envirotainer is increasing its flagship RAP e2 network in the US by adding Atlanta as its eighth station.The RAP e2 is an active temperature-controlled air cargo container that can maintain product temperatures between 0 and +25°C.Envirotainer said that the move is part of its strategy to ...
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Cargolux continues drive to reduce environmental impact
Last year Luxembourg-based airline Cargolux managed to reduce its carbon footprint by 2.2% following the implementation of several initiatives.The freighter operator said its environmental improvement was ahead of IATA's recommendation of 1.5% per year until 2020.In order to reduce its carbon dioxide output and noise pollution the airline reviewed flight ...
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NewsAsian cargo monthly: Traffic growth slows in March
March saw air cargo traffic growth at Asian carriers weaken after a slow pick up after the Chinese New Year and following on from similar trends at their European rivals and major hubs in the region.The largest cargo carrier group in the region, Cathay Pacific, saw total cargo traffic for ...
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Frankfurt sets fresh targets to reduce airport CO2 emissions
Frankfurt airport operator Fraport is establishing new climate protection targets to reduce CO2 emissions, not only for Germany's largest airfreight hub but also across the entire group.The goal is to lower CO2 emissions at Fraport’s fully-consolidated group companies by nearly half to about 125,000 tonnes of CO2 by 2030. The ...
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Rivieccio named as European supremo for UPS
UPS has named Lou Rivieccio as president of UPS Europe, responsible for all the US parcel and logistics giant's operations in 56 countries and territories and more than 49,000 employees.UPS said that Rivieccio takes the helm at "a time of growth" for the group's largest region outside the USJim Barber, ...