All articles by Air Cargo News (Admin) – Page 193
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News
AF KLM registers Q2 cargo traffic improvement but revenues down
Air France KLM saw cargo traffic and load factors improve during the first half of the year, although it did register a small decline in revenues.The Franco Dutch airline, which last week announced it would invest in Virgin Atlantic, saw second-quarter cargo revenues decline to €506m from €507m last year.Meanwhile, ...
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Steady progress for Dubai World Central cargo as passengers surge
Cargo at Dubai World Central (DWC), the emirate’s second airport, totalled 443,835 tonnes during the first half of 2016 compared to 430,132 tonnes in the first six months of 2016, a 3.2% increase.Passengers meanwhile surged more than 35% to almost 555,000 in the first half of the year, according to ...
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IATA survey of airline and cargo bosses saw Q2 profits rise
An IATA survey found that more than three-quarters of airline chief financial officers and heads of cargo indicated that profitability increased in the second quarter of 2017 compared to the same period of 2016.However, IATA added that the first quarter may have marked the bottom of the industry profitability cycle.The ...
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American Airlines expands European trucking as global Q2 revenues soar
American Airlines Cargo has expanded and extended its European trucking network this summer.News of the European road feeder boost came as the US carrier announced its second quarter 2017 group results, which saw cargo revenue across the global network up by 13.1% to $196m, due to a 15.1% increase in ...
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SIA Cargo flies back into profit
SIA Cargo reported a financial year first quarter operating profit of $6m, reversing its loss of $34m in the same April-June last year.Revenue received a $57m boost from freight growth of 6.9%, further lifted by a 4.8% improvement in cargo yield, said the Singapore-based mega-Asian carrier.SIA Cargo operates a fleet ...
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Asia-Pacific and Middle East airport cargo volumes soar in May
Airfreight volumes in Asia-Pacific grew 10.8% in May, while the Middle East increased 8.4%, according to the latest monthly statistics from the Asia-Pacific region of Airports Council International (ACI).Said ACI: “Exports continued to drive strong airfreight growth in the Asia-Pacific: Hong Kong (HKG) +12.9%, Shanghai Pudong (PVG) +15.6% and Seoul ...
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Flying fish: Turkish Cargo provides Pearls of the Aegean for Kuwait dining tables
Turkish Cargo is now accepting fresh fish shipments on its direct Bodrum-Kuwait passenger flights as part of a sameday perishables supply chain to serve the appetites of consumers in the Middle East country.The Turkish carrier said that it is offering the service after requests from the Aegean Region, where three ...
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Second quarter cargo surge for IAG
British Airways, Aer Lingus and Iberia parent group IAG had a strong cargo second quarter as airfreight revenues at the European group soared by 7.9% to €260m against the same quarter of 2016, or an increase of 7.6% on 2016 at constant exchange.IAG's half year 2017 results saw cargo revenues ...
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NewsAsia Air Cargo Monthly: Strong freight demand expected to continue
Asian airlines continued their bumper start to the year in June and expectations are that cargo demand will remain strong for the rest of 2017.The latest Asian airline figures show robust cargo demand in June, with the Association of Asia Pacific Airlines reporting a 10% increase in freight tonne kms ...
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Delta, Air France KLM, Virgin and China Eastern deepen partnerships with equity deals
Air France KLM, Delta Air Lines, Virgin Atlantic and China Eastern have revealed plans for a major strengthening of their partnership that will involve the airlines making more equity investments.In an announcement, the carriers said that Air France KLM will acquire a 31% stake in Virgin Atlantic for around £220m.The ...
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Shawn Cole named vice president of Delta Cargo
Shawn Cole has been named as vice president of Delta Cargo, after the division's president took on the extra responsibility of airport customer service earlier this year.“Shawn is a solutions-driven Delta executive of nearly 10 years,” said Gareth Joyce, president – Delta Cargo and senior vice president – airport customer ...
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Dynamic airfreight pricing, what it means for shippers and forwarders
Posted airfreight rates with promotions change about once a month, on average. When airlines make the shift to dynamic pricing, rates change constantly, driven by excess capacity and diminishing time before departure, writes Manel Galindo* of Freightos.Once the majority of airlines make this shift to dynamic pricing, our industry will ...
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Etihad Airways registers $1.8bn loss in 2016 as cargo comes under pressure
Etihad Airways saw its cargo revenues drop by 10% last year despite an increase volumes, while the overall company slipped to a $1.8bn loss.The Abu Dhabi-hubbed airline recorded cargo revenues of $900m in 2016 compared with a $1bn in 2015. This came despite a 0.8% increase in cargo volumes to ...
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Shippers warned to book now or face rate spikes and delays in busy peak for air cargo
Panalpina has warned shippers to book their airfreight shipments as early as possible to avoid a spike in prices and capacity shortages during what is expected to be a busy peak period.The Switzerland-based freight forwarder said that the summer period is traditionally a calmer period, but this year has been ...
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UPS sees profits and revenues improve in Q2
Express giant UPS saw revenues and net income increase during the second quarter of the year as e-commerce gains helped push performance.The Atlanta-headquartered firm saw second-quarter revenues increase by 7.7% year on year to reach $15.7bn, while net income grew by 9.1% to hit $1.4bn.Revenue growth was led by its ...
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VIDEO: Improving air cargo security in the US
The US air cargo industry has been debating how it believes the sector can make supply chains more secure (see video at end of article).Air cargo participants presented their thoughts on air cargo security to a Homeland Security subcommittee chaired by Republican John Katko.President of the Cargo Airline Association Stephen ...
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IAG Cargo to offer time-critical service for pharma shipments
IAG Cargo has announced that it will expand its time-critical service to include pharma shipments.The airline group, which includes British Airways, Iberia and Aer Lingus, said that following successful trials of its Constant Climate Critical service across India, the UK and Europe, IAG Cargo is rolling out this new offering ...
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Air Charter Service lands sweet flight
Charter company Air Charter Service landed a pretty sweet deal last week when it arranged to fly 100 tonnes of confectionery to re-stock a warehouse in Peru.The urgent shipment from Mexico took place when a warehouse storing sweets was burnt down, with most of the company’s stock damaged in the ...
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Cobalt Air appoints AIA Cargo as worldwide GSA
Cyprus-based airline Cobalt Air has appointed Airbridge International Agencies (AIA Cargo) as its worldwide cargo general sales agent (GSA).A spokesperson for the low cost carrier said: "The appointment marks another positive milestone in the development of Cobalt Air, Cyprus’ fastest growing airline, and will enable the airline to generate additional ...
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Air India SATS launches Bengaluru cargo tracking app
Ground handler Air India SATS Airport Services (AISATS) has launched a cargo tracking app to help keep customers up to date with the current status of shipments.The company said that the tracking app will be available at AISATS Air Freight Terminal and at AISATS Coolport, located at Kempegowda International Airport ...