All Airlines articles – Page 218
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NewsAsia Cargo Monthly: Slow start to the year for Asian carriers
It was a slow start to the year on the cargo front for airlines based in the Asia region, with only China Airlines and Eva Air recording significant improvements in demand.While only two of the region’s airlines managed to continue to grow at the levels recorded towards the end of ...
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DHL recruits for Americas hub surge
DHL Express is to recruit 900 staff as it completes the latest $108m expansion of its Americas Hub at the Cincinnati/Northern Kentucky Airport (CVG) in the US.The expansion to a new day sort operation and projected growth in shipments is expected to increase the hub’s workforce to more than 3,300 ...
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Asia Pacific airlines off to a good start
Figures from the Association of Asia Pacific Airlines (AAPA) show that Asia Pacific-based airlines made a good start to the year, with continued growth in air cargo demand.International air cargo demand during the month measured in freight tonne kilometres (FTK) grew by 4.7%.Offered freight capacity expanded by 3.8%, resulting in ...
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United extends tempcontrol network
United Cargo has added Barcelona, Spain and Bordeaux-Merignac, France to its tempcontrol network of certified handling locations. With the addition of Belfast, Northern Ireland, certified late last year, the global tempcontrol network now totals 67 locations, says the carrier.United’s four times per week B767 service between Barcelona and its hub ...
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NewsIAG Cargo hails resilient results in tough conditions
IAG Cargo saw revenues and cargo tonnages decline in last year in what the carrier described as “challenging market conditions”.The cargo division representing British Airways, Aer Lingus and Iberia saw full-year revenues decline by 6.6% year on year in 2016 to €1bn, while tonnes of cargo carried were down 2.9% ...
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Carriers to focus on cost and service delivery to combat overcapacity
Carriers need to concentrate on being highly competitive and to be “rabidly focused” on service delivery to combat market overcapacity.Speaking at the Air Cargo Africa event, aviation players outlined how they viewed the current market conditions in terms of supply and demand, and all agreed that in general the market ...
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Seven more years for FedEx US postal contract
FedEx Express has extended its express air transportation contract with the United States Postal Service (USPS), which dates back to April 2013. The agreement is now extended to September 29, 2024.The modified contract is expected to generate around $1.5bn per year for FedEx Express, which will provide domestic US airport-to-airport ...
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Africa looks to the future and e-commerce despite current challenges
The air cargo industry in Africa has a bright future on the back of its growing population, youthful demographic and rising e-commerce demand, but infrastructure and regulatory challenges remain.Delegates at the Air Cargo Africa event painted a bleak picture of the African market at present, with droughts, the weakness of ...
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Airlines heartened by Hong Kong cargo policy boost
Hong Kong's financial secretary, Paul Chan, has outlined plans to encourage air cargo development in his budget strategy for the Special Administrative Region (SAR).The announcement was welcomed local carriers Cathay Pacific and Cathay Dragon (formerly Dragonair).In his wide-ranging budget, Chan said that the Hong Kong SAR government will examine measures ...
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Qantas Freight profits in rapid descent
Qantas Freight reported underlying earnings before interest down 29% in the second half of 2016. They fell by A$11m to A$27m in the six months to end of December.The Australian carrier said that freight conditions “remain challenging worldwide”, although “there are signs of stabilisation” with Qantas Freight well-placed to meet ...
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Drewry price index in lowest monthly margin decline since 2012
Drewry’s East West Airfreight Price Index fell by the lowest monthly margin in January since it started in 2012, suggesting greater stability in the market, said the analyst’s Sea & Air Shipper Insight.While Drewry expects to see a decline between December and January, the reduction was less than in previous ...
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December airfreight prices remain ahead of 2015 levels
Airfreight prices continued to track ahead of the year-ago level in December, despite a seasonal drop-off in prices.The latest figures from consultant Drewry’s Sea & Air Shipper Insight report shows that the average buy rate across 21 major east-west routes reached $3.14 per kg in December.December was only the second ...
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NewsAir cargo "outperformed forecasts" in 2016
Air cargo traffic growth “outperformed forecasts” in 2016 after ending the year with a demand surge.The latest figures from IATA show that air cargo traffic measured in freight tonne km (FTK) terms increased by 3.8% year on year in 2016.IATA said this was more than double the average growth rate ...
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Air cargo has best quarterly performance since 2010
WorldACD has hailed the final three months of 2016 as the best quarter for air cargo since 2010.The analyst said that demand during the final quarter of last year in weight terms increased by 7.5% year on year, helped by a 9.4% improvement in December.“Contrary to previous years, the origins ...
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Seven days a week to Saudi from Manchester
Saudia is to operate twice weekly 787 Dreamliner passenger and cargo flights between Manchester and Riyadh from June 23. The new Monday and Wednesday departures complement five existing flights a week to Jeddah, giving a daily service from the northern UK city to Saudi Arabia.Connections are available to other Middle ...
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Emirates to fly into Phnom Penh
Dubai-based Emirates is to launch a daily B777-300ER passenger connection with the Cambodian capital of Phnom Penh on July 1. A new Dubai–Yangon-Phnom Penh route is to be created.The launch of daily services from Dubai to Phnom Penh will coincide with the introduction of a direct, non-stop route between Dubai ...
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Airberlin to add three A330-200s to fleet to support long-haul operations
Germany-based low-cost carrier airberlin is adding three wide-body Airbus A330-200 aircraft to its fleet as it prepares for its biggest long-haul summer flight schedule to the US.The new aircraft will join airberlin’s existing A330 fleet of 14 aircraft. The first will go into operation with the carrier this month (February), ...
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Norwegian reports record result
Norwegian, otherwise known as Norwegian Air Shuttle, has reported record net profits for 2016.The carrier said that net profit of 1,135mn Norwegian krone ($135.7mn) had been achieved on the back of “global expansion driven by new routes, high load factors and continued fleet renewal”.New intercontinental routes were added over the ...
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Happy Anniversary, Cargojet
Canada-based overnight freight carrier Cargojet is celebrating its 15th year in business.“It gives me great joy and pride in joining the Cargojet team, our customers, our shareholders and our Board of Directors in celebrating our 15th year anniversary,” announced Ajay Virmani, president and chief executive.“We have had a tremendous journey ...
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UPS hits out at plans to triple Alaska's jet fuel tax
UPS has hit out at proposals to triple the jet fuel tax in Alaska − home to the world’s fifth busiest cargo airport − a move that the integrator says could impact the state’s role in the cargo industry.In a letter to Alaska Transportation Committee Co-Chair Adam Wool, UPS vice ...