All articles by Air Cargo News (Admin) – Page 301
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NewsCargojet returns to profit in Q1
Cargojet’s contract with Canada Post finally started to pay dividends in the first quarter of this year as the company returned to profit.The Canada-based aircraft lessor and operator saw first quarter revenues increase by 42.1% year on year to C$76.9m, while it recorded a net profit of C$4.4m compared with ...
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DSV's UTi acquisition sees airfreight soar but profits take a hit
DSV Air & Sea has recorded drastically improved airfreight volumes as its latest acquisition, UTi, is included in its opening quarter results for the first time.During the first quarter of the year, DSV, which recently won the Air Cargo News forwarder of the year award, saw airfreight volumes increase by ...
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ATSG reports on first-quarter upturn and positive Amazon effect
Air Transport Services Group (ATSG), the Wilmington, Ohio-based provider of medium wide-body freighter aircraft leasing and transport services, has revealed its first-quarter financial results, reporting improved revenue compared to the same period of 2015 as well as record adjusted earnings for a first quarter.Over the three months up to March ...
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K+N stalwart Scharwath looks for new challenge
Tim Scharwath, the member of the Management Board of Kuehne + Nagel International (K+N) responsible for global airfreight, is to leave the company within the next 12 months in order to “take on a new challenge”, a statement from the global supply chain giant has confirmed.During his 24 years with ...
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Simonet takes the helm at Belgian gateway
Marie Dominique Simonet has been appointed president of Liege Airport, succeeding José Happart, who becomes senior vice-president.According to Simonet: “Liege Airport is a success story which has brought Liege and Wallonia to the international scene.“There are several significant challenges ahead: airport security, relationships with the federal and Walloon authorities (Belgocontrol, ...
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April surge for Frankfurt cargo volumes
Frankfurt Airport has returned to cargo volume growth for the first time in the current business year with a 5% surge in April to 181,948 tonnes.Europe’s number one hub by cargo throughput said that Far East traffic was the main growth driver last month, with cargo tonnage to/from this region ...
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American hits the highs in April
American Airlines flew a total of 202,473 cargo ton-miles in April, up by 5.5% on the same month of last year.The carrier flew 745,889 cargo ton-miles over the first four months of this year, just a marginal 0.1% increase on the same period of 2015.American Airlines made cargo-related revenue of ...
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Heathrow sets out plan to meet concerns over expansion
Airport operator Heathrow Airport Limited has today (11 May) laid out how it believes it can exceed the Airports Commission’s conditions for expansion and urged the prime minister to give the go-ahead for a third runway at the nation’s busiest air gateway.Heathrow's plan comes just a week after a UK ...
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Deutsche Post DHL enjoys strong first-quarter profit, but airfreight demand slides
Deutsche Post DHL Group (DP-DHL) increased its earnings before interest and tax (EBIT) by an impressive 21.3% year on year to reach €873m in the first quarter of 2016, but airfreight volumes declined.However, revenue fell year on year by 6.1% to €13.9bn, due in large part to negative currency effects, ...
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ACI reports disappointing freight traffic figures
Airports Council International (ACI), the European airport trade body, has released statistics showing that freight traffic across its European airport members increased by 2.1% in the first quarter of 2016 compared to the same period of last year.All of that growth was moved across airports based in EU countries; amongst ...
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MAG cargo traffic on the up in April
Cargo traffic across the gateways operated by Manchester Airports Group (MAG) rose year on year in April, with London Stansted recording an impressive 12.6% improvement in freight tonnage (20,826 tonnes) passing through the gateway in April compared to the same month of 2015.At 9,202 tonnes, Manchester Airport’s freight traffic was ...
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AF-KLM reveals stable April freight figures
Air France –KLM Cargo (AF-KL Cargo) flew 709 million revenue tonne-km in April this year, up by 0.9% on the same month of 2015.And, with capacity down by 2% year on year to reach just less than 1.2 billion available tonne-km, the load factor rose by 1.7 percentage points to ...
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Alitalia to boost trade ties with Cyprus through new air link
Alitalia is to launch new Airbus A320 services to Larnaca, Cyprus, from the Italian capital on 8 June.While the A320 is not known for its cargo capacity, an Alitalia statement pointed to the flights being important to “the further development of trade” between the two countries.Italy is one of Cyprus’s ...
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Australia relaxes ban on Bangladeshi imports
It has been widely reported that Australia has relaxed its embargo on air cargo coming in directly from Bangladesh.Apparently, Canberra has given the green light to air freight flying in from Bangladesh as long as it transits via a First World country.Late last year, on December 19, the Australian Government ...
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Air Canada renews Unisys contract
Air Canada Cargo has extended its agreement with Unisys Corporation to employ the latter’s cloud-based Logistics Management System (LMS) to manage its domestic and international cargo services,The deal also covers Unisys’ Cargo Portal Services multi-carrier air cargo booking portal and its In-transit Service Manager, a time-based supply chain event management ...
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West Atlantic battles through tough conditions
West Atlantic, the Gothenburg-headquartered dedicated cargo airline specialising in integrated mail and express freight solutions, has reported fairly positive results for its 2015 operations, despite facing market headwinds.Over the course of the year, West Atlantic undertook almost 27,000 flights across a network of approximately 50 scheduled destinations, mostly in support ...
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Reports suggest HNA could invest in CWT Logistics stake
Chinese conglomerate HNA could be about to expand its freight business as reports suggest it is set to launch a bid to take a controlling interest in CWT Logistics.Reports emerged last week that HNA, which has stakes in several airlines, including Hainan Airlines and Tianjin Airlines, and logistics businesses, is ...
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Agility reports generally positive first quarter
Integrated logistics services provider Agility has revealed its financial results for the first quarter of 2016, highlights including a net profit of KD13.1m ($43.5 million) – an increase of 10.9% over the first quarter of 2015.However, revenue fell to KD298.8m ($991.25m), a 6.1% decrease over the same three months of ...
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Investec closes $1 billion A380 aircraft deal with Emirates
The aviation financing arm of Investec Bank’s has completed an operating lease transaction with Emirates Airline worth a cool US$1bn.The deal facilitated the delivery and sale and leaseback of four A380-800s to Emirates over the course of the past four months. The aircraft involved are of 2013 and 2016 vintages, ...
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Emirates revels in record profits, but cargo yield on the slide
The Emirates Group has revealed record results for its 2015-16 financial year (the period ending 31 March).In what was the Dubai-based carrier’s 28th consecutive year of profitable operations, both Emirates Airline and dnata, the aviation service provider that forms part of the group, achieved their highest-ever profits.The Emirates Group made ...