All Airlines articles – Page 194
-
News
TIACA: will Belt and Road be a game-changer for airfreight?
In the lead up to this week’s Air Cargo China exhibition in Shanghai, the latest Friday Flyer from The International Air Cargo Association (TIACA) saw the industry body’s secretary general Vladimir Zubkov offer his thoughts on China’s Belt and Road Initiative (BRI) and its potential impact on the global airfreight ...
-
News
Ethiopian to open Manchester to Addis connection
Ethiopian Airlines is to launch flights from its home hub of Addis Ababa Bole International Airport to Manchester Airport before the end of this year.The carrier will operate the route, which will initially at least transit via Brussels, with B787 ‘Dreamliner’ aircraft four times a week from December.According to the ...
-
News
AAPA reports on Asia Pacific airlines’ 2017 performance
According to the latest figures from the Association of Asia Pacific Airlines (AAPA), thanks to major manufacturing economies located in the region benefiting from increased trade, Asia Pacific airlines enjoyed a 9.6% improvement in international air cargo traffic – as measured in freight tonne-kilometres (FTKs) – over 2017 compared to ...
-
NewsEuropean cargo monthly: April is a better month
IAG and Finnair saw cargo volumes return to growth in April, while Air France KLM and Lufthansa suffered from the effects of strike action.The IAG Group, which includes British Airways, Iberia and Aer Lingus, saw cargo demand increase by 3% year on year in April to 480m cargo ton kms.The ...
-
News
IAG to offer cargo space on new Heathrow-Durban link
IAG Cargo will begin offering cargo capacity on a new direct service between London Heathrow and Durban from October 29.The airline group's cargo business said the new three-times-per-week service will cater for the demands of South Africa’s manufacturing sector, which now accounts for 8% of the country's exports.Customers will have ...
-
News
LATAM Q1 cargo revenues boosted by salmon and electronics demand
LATAM Cargo recorded an improvement in revenues and volumes during the first quarter of the year, boosted by demand for salmon, electronics and capital goods.The airline reported a 16.6% increase in first-quarter cargo revenues to $295.8m, while volumes were up 5.6% to 225,000 tons and its load factor stood at ...
-
News
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 ...
-
News
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 ...
-
News
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 ...
-
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 ...
-
NewsMarch sees air cargo growth slow to its lowest level in 22 months
Air cargo growth slipped to its lowest level in 22 months in March, with IATA citing the end of an inventory re-stocking cycle as the main reason for the slowdown.The latest figures from IATA show that air cargo traffic in freight tonne km (FTK) terms increased by 1.7% in March, ...
-
News
Virgin Atlantic Cargo achieves GDP compliance in the UK
Virgin Atlantic Cargo has been granted Wholesale Distribution Authorisation (WDA) at its headquarters close to Gatwick Airport, confirming the airline’s compliance with Good Distribution Practice (GDP) guidelines.The airline said it decided to embark on gaining WDA in response to customer demand. Virgin Atlantic Cargo’s WDA accreditation at its headquarters follows ...
-
News
Cargo heads upbeat on profitability for next 12 months
The majority, some 61%, of heads of cargo and airline chief finance officers expect their level of profitability to improve further over the coming 12 months.When surveyed in early-April by IATA, 67% of senior managers also indicated an improvement in year-on-year profitability in first quarter of 2018 compared with the ...
-
News
Air France KLM Cargo gets digital to smooth processes
The last few years have by no means been easy for Air France KLM Martinair Cargo (AF KLM) as it underwent a restructuring that saw it lose around 15% of staff over a three-year period.Its freighter fleet was also reduced from 15 aircraft at the start of 2014 to six ...
-
NewsAmerican Airlines reports Q1 cargo revenue growth
American Airlines is the latest US carrier to report strong financial performance for its cargo during the first quarter of the year, with revenues and traffic increasing at double-digit percentage levels.The Dallas-headquartered airline saw total first-quarter cargo revenues increase by 18.8% year on year to $227m.The revenue increase comes on ...
-
News
American Airlines Cargo's 'just-in-lime' delivery
American Airlines Cargo has undertaken a 'just-in-lime' project to deliver a whopping 103 tons of the bitter fruit for the Cinco de Mayo holiday celebration in Canada.Multiple shipments of more than 103 tons of limes have been moved from Brazil to Canada this past month."To put it in perspective, that’s ...
-
News
Middle East Airlines signs up with ECS group for GSSA services
Middle East Airlines (MEA) has chosen ECS Group as its General Sales and Service Agent (GSSA) at its European hub, Paris Charles de Gaulle.Under the agreement, ECS Group will provide the Beirut-based Lebanese air carrier with sales and operations services in Paris.From the French capital, the airline provides flights from ...
-
News
Asia Pacific air cargo growth moderate but still positive in March
Asia Pacific carriers saw "more moderate but still positive growth in air cargo demand" during March as international air passenger markets reported "firm" increases versus the same year in 2017.Preliminary traffic figures from the Association of Asia Pacific Airlines (AAPA) showed that international air cargo demand, measured in freight tonne ...
-
News
UK ministers in Brexit talks with aviation industry
UK government ministers have met with representatives from the country's aviation industry to discuss how the sector can "continue to flourish" after Brexit.Transport Secretary Chris Grayling and Steve Baker, Minister for Exiting the European Union (EU), saw senior representatives from the UK aviation industry today.The meeting follows the agreement in ...
-
News
Air cargo set for index-linked BSAs and derivatives
The air cargo industry could have its first index-linked block space agreements (BSA) completed within six months while a derivatives market is also being launched.Shipping derivatives broker Freight Investor Services (FIS) and rate index TAC Index have teamed up to develop and launch a paper derivatives product, known as forward ...