All Airlines articles – Page 236
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NewsAmerican cargo carriers monthly: Demand improvements for American and United
US air cargo carriers recorded signs of improvement in April as American Airlines and United Airlines both saw cargo volumes return to growth.The increase registered by American and United is the first time since September last year that two of the three big American cargo carriers have registered a year-on-year ...
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Tough times continue for SIA Cargo as it records operating loss
SIA Cargo saw full-year operating losses deepen during its last financial year as tough market conditions weighed down performance.During the financial year ended March 31, the Singapore-based airline recorded an operating loss of S$50m compared with a S$22m loss during the same period 12 months earlier.SIA Cargo said its operating ...
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Air Canada Cargo meets Envirotainer standards at seven stations
Air Canada Cargo has received accreditation from Envirotainer at seven facilities to show it meets certain ULD and cold chain shipment handling standards.The Canada-based airline achieved the Qualified Envirotainer Provider (QEP) accreditation at its main Toronto Pearson Airports hub as well as at its facilities in London Heathrow, Paris CDG, ...
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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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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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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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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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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 ...
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Parma to be Etihad cargo hub
Etihad Airways has signed an exclusive agreement to develop cargo traffic at Parma airport in central Italy.The deal initially includes setting a transit centre at Parma Giuseppe Verdi to receive cargo for forwarding to Milan Malpensa Airport for onward transport.The new hub will feed traffic to and from flights operated ...
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Air New Zealand agrees to $35m in US air cargo cartel payout
Air New Zealand is the latest airline to reach a settlement with plaintiffs in the ongoing air cargo cartel lawsuit in the US.On Sunday, lawfirm Kaplan Fox & Kilsheimer (KFK) announced that the airline had reached a $35m settlement, subject to court approval, pushing the total amount raised through agreements ...
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NewsIATA: 2016 shaping up to be a tough year for air cargo
IATA has warned 2016 is shaping up to be another tough year for air cargo as airfreight volumes fell in March.The latest statistics from the industry organisation show that cargo volumes decline by 2% year on year in March in freight tonne km (FTK) terms.Freight capacity (AFTK) during the month ...
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NewsChina Southern, Air China and SIA see cargo return to growth in March
There was a slight improvement in the fortunes of some of Asia’s largest cargo carriers in March as three airlines saw demand increase against last year, but declines were registered at a further four companies.The region’s largest cargo carrier Cathay Pacific saw demand decrease by 4.1% year on year in ...
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Revenue and ton-miles on the slide at US carriers
Cargo revenue at United Airlines was sharply down in the first quarter of 2016 compared with the same period last year.At $194million, it was 19.8% below the $242m realised in the same period in 2015.Cargo ton-miles (CTM) fared slightly better; at 622m CTM, traffic was only 6% down on the ...
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Lufthansa's cargo division records first quarter ebit loss
Lufthansa’s cargo business returned to the red during the first quarter of the year as overcapacity and weak demand took their toll on the business.The Lufthansa Logistics business, which includes the cargo division, ULD specialist Jettainer and its Aerologic investment, saw first-quarter revenues drop by 21.8% year on year to ...
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Load factors fade but profits up at Air China
Air China reported cargo capacity up by almost 11% to 3.157 billion available freight tonne kilometers (AFTK) in the first quarter of 2016 but with cargo traffic up only 4.25%, to 1.556 billion AFTK load factor fell 3% to 49%, year-on-year.Otherwise, the airline reported steady progress in the face of ...
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A321s to refresh Delta narrowbody fleet
Delta is to acquire 37 additional Airbus A321s as part of its efforts to renew its ageing narrowbody fleet. The new planes will replace older-generation jets, including the MD-88.The airline’s incoming chief executive, Ed Bastian said the order would allow it to accelerate the retirement of Delta’s 116 MD-88s.The new ...
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China Eastern to buy Dreamliners
China Eastern Airlines has finalised an order for 15 Boeing 787-9 Dreamliner aircraft, worth about $4 billion to strengthen its long-haul fleet. It plans to operate them on routes between China, North America and Europe and will increase frequencies on existing routes from Shanghai to Los Angeles, New York, San ...
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Etihad confirms another year of rapid growth
Abu Dhabi-based Etihad Airways has confirmed that it made a net profit of $103m on revenue of $9.02bn over the course of 2015, up from $73m and $7.55bn respectively in 2015. These figures represented the airline’s strongest ever annual financial results.EBIT reached $259 million, up from $257 million in 2014.Growth ...
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China Eastern Airlines confirms B787-9 order
Shanghai-headquartered China Eastern Airlines has confirmed an order for 15 Boeing 787-9 ‘Dreamliners’.The order is said by manufacturer Boeing Commercial Airplanes to be worth $4 billion at current list prices.China Eastern Airlines chairman Liu Shaoyong commented: “The addition of these next-generation, fuel-efficient airplanes will play a key role in supporting ...