All Airlines articles – Page 230
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News
Lufthansa Cargo seals the deal on time:matters
Lufthansa Cargo has completed its planned acquisition of time:matters, the time-critical international delivery specialist that it span off as a subsidiary in 2002 but in which it retained a 49% share.The 51% balance has now been acquired from investor Aheim Capital and time:matters’ own management team.In late July, Air Cargo ...
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ATSG sees Q2 revenues jump thanks to Amazon operation
Air Transport Services Group (ATSG) continued to benefit from its new freighter contract with Amazon as both revenues and net earnings increased during the second quarter.The Wilmington, Ohio-based provider of medium wide-body freighter aircraft leasing saw second quarter revenues increase by 19% year on year to $176.5m, while net earnings ...
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News
Emirates to move to an all-A380 Manchester connection
Emirates has confirmed that it is to move to an all-A380 operation on the service connecting its home hub of Dubai to Manchester.As of January 1 next year, the Boeing 777-300ER link currently flown as the third daily frequency to Manchester will instead be operated by A380, as are already ...
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Lufthansa Cargo adds ‘myAirCargo’ service
Lufthansa Cargo, the freight operation of German’s flag-carrier, has launched its new offering for individual customers sending large goods by air.The myAirCargo service can be booked online, is door-to-door and includes all customs formalities being taken care of by the carrier.It is expected to be particularly useful for sporting equipment ...
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Delta lifts ground stop but warns of continuing delays
UPDATE: Delta Air Lines has said it is beginning to re-start flights after it was forced to make large-scale cancellations this morning as a result of a power outage in Atlanta.The US airline first issued a warning at 5am (eastern seaboard) this morning warning that flights would be delayed.In its ...
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Cargo revenues down at ANA as currency and oversupply hit results
ANA's cargo business recorded a double-digit decline in airfreight revenues during its first fiscal quarter despite an increase in traffic.During its fiscal first quarter ended June 30, the Japanese carrier saw airfreight demand increase 16.2% year on year to 1.1bn freight tonne km, while revenues declined by 23.6% on a ...
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NewsAsian cargo monthly: Airlines see return to growth in June
Asian airlines reported improving airfreight demand in June with Cathay Pacific citing a half-year rush and a surge in exports from the Americas.The largest cargo carrier in the region, Cathay Pacific, saw cargo demand increase by 4.8% year-on-year in June to 876m cargo and mail tonne km (CMT).This is the ...
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Emirates update on flight delays and cancellations
Operations at Dubai International Airport resumed on Wednesday at 1830 local time following the crash landing of a Boeing 777 passenger aircraft belonging to the airline at the Middle East hub.More information on Emirates flights will be available on the Emirates website and social media channels.All 282 passengers and 18 ...
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Airfreight demand on the increase but still outpaced by capacity rise
Global airfreight demand in June saw a 4.3% year-on-year rise in freight tonne km (FTK), the fastest pace of growth in 14 months.However, freight capacity measured in available freight tonne km (AFTKs) increased by 4.9% year-on-year, keeping yields under downward pressure.According to the latest monthly market analysis by airline association ...
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Update: Dubai International flights suspended following crash landing
Dubai Airports has confirmed that all operations (arrivals and departures) at Dubai International have been suspended until further notice following crash landing of Emirates airline flight EK521 this morning.In a statement, Emirates said that all 282 passengers and 18 crew on board the Boeing 777 aircraft are “accounted for and ...
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Airfreight rates pick up in June thanks to increases in fuel prices
Airfreight rates reached their highest level in seven months in June following on from improved demand performance for the month and higher fuel prices.The latest airfreight figures from Drewry’s Shipper Insight Report show that prices climbed to $2.75 per kg in June from $2.61 in May to reach their highest ...
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NewsLufthansa's cargo business remains in the red
Lufthansa’s cargo division recorded its fifth quarterly operating loss in a row as competition on global airfreight markets remained “intense”.The German airline group’s logistics business, which includes Lufthansa Cargo, ULD specialist Jettainer and its other investments, recorded a 16.4% year-on-year decline in second-quarter revenues to €496m.Earnings before interest and tax ...
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NewsHalf year cargo gains for American and United but declines at Delta
American Airlines and United Airlines both managed to record slight increases in cargo demand during the first half of the year despite declines for the overall North American market.United Airlines – the largest cargo carrier of the three major US airlines – saw cargo demand increase by 0.5% over the ...
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News
Air cargo demand on the up in June
Air cargo volume growth improved in June as demand at European airlines remained strong and there was a pick-up for Asia Pacific carriers.Analyst WorldACD said that, after a poor start to the year, worldwide chargeable weight improved by 2.7% year on year in June.WorldACD said that the uptick was caused ...
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May was not such a merry month for air cargo
May was another month of “disappointment” for air cargo as demand growth was “limited to 0.5%”, according to WorldACD.The analyst said it was hardly surprised by the low growth figure given that “world trade is in a slump”. During the month, volumes originating from North America declined by 4% year ...
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News
Qatar Airways ups stake in IAG to 20%
Middle East gulf carrier Qatar Airways has increased its shareholding in IAG, the parent group of British Airways and Iberia, to 20.1%, saying that it does not intend to increase its stake further "unless there are material changes to the current situation".This latest move follows a gradual stakebuilding by Qatar ...
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Lufthansa Cargo looks to become sole owner of time:matters
Lufthansa Cargo has applied to purchase all the shares of time critical logistics firm time:matters with a decision from the German competition authority on whether to approve the deal expected next month.The German cargo carrier currently owns a 49% shareholding in the logistics firm with the remaining 51% owned by ...
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NewsIAG reports double-digit cargo revenue decline despite demand increase
IAG recorded a double-digit percentage decline in cargo revenues during the second quarter of the year despite an increase in demand during the period.The British Airways, Iberia and Aer Lingus owner this morning announced second-quarter cargo revenues of €241m compared with €274m during the same period last year, representing a ...
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JAL's international cargo revenues plunge 32.6% in the first quarter
Japan Airlines (JAL) recorded a 32.6% year on year drop in international cargo revenues to ¥9.9bn in the three months ended June, due to a decline in demand on transpacific routes and other sectors.The Japanese flag-carrier also recorded a 4.1% year-on-year decrease in cargo volumes, measured in revenue cargo ton ...
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NewsAir France KLM Cargo remains in the red
Air France KLM’s cargo business remained in the red during the first half of the year but the phasing out of freighters has helped improve performance compared with a year earlier.The Franco-Dutch airline group’s first-half figures for the cargo business show an operating loss of €116m against a loss of ...