All Airlines articles – Page 277
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News
Air cargo rates gain on US port congestion
Air freight rates continued to climb through November on the back of strong peak season demand and conversions from ocean freight as a result of US supply chain bottlenecks.Drewry’s East-West Air Freight Price Index rose a further 5.3 points in November to reach an all-time peak of 120.8 points, exceeding ...
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Indian air cargo export surge hit by US$ yield decline
India’s booming air cargo market has registered a 13.5 per cent surge in outgoing volumes since 2011, although coupled with a “dismal yield” fall of 20 per cent in US$, says research house WorldACD.The Netherlands-based consultancy, which uses primary data from the airlines themselves, said that India’s yield change looked ...
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Asia and Middle East lead November air cargo surge
Asia-Pacific and Middle East carriers led the November surge in global air cargo demand, amid hopes that the momentum will continue into 2015 as international trade improves.Latest market data from the International Air Transport Association (IATA) saw November 2014 demand, measured in freight tonne km (FTK), grow 4.2 per cent ...
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December's dollar yields dip
Air freight volumes continued to rise in December but exchange rate and fuel surcharge fluctuations saw a 2014 end of year fall in dollar-based yields, according to research house WorldACD.December’s healthy year-over-year (YoY) volume growth continued 2014's trend, as chargeable weight increased 6.7 per cent, said the Netherlands-based analyst which ...
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Airfreight growth fails to match capacity
Airfreight volume sustained recent gains in the November to January period but load factors fell in December, thanks to a surge in capacity, said the latest International Air Transport Association Airlines Financial Monitor.IATA said that airfreight volumes continued strong, despite a small contraction in December compared with November, and the ...
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United launches CarbonChoice for cargo
United Airlines has launched CarbonChoice, allowing corporate cargo customers to track and offset the emissions associated with their air freight.Cargo customers with large-scale, regular shipments on United can receive customised emissions reports, with options to offset their company's carbon footprint through the US airline's partner, Sustainable Travel International.Jan Krems, United's ...
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Asia Pacific cargo uptick
Asia Pacific traffic figures for June show continued expansion of both international passenger and air freight markets.Preliminary figures from the Association of Asia Pacific Airlines (AAPA) saw demand for air freight helped by “positive consumer and business sentiment in major developed economies”.Overall, air freight demand in freight tonne kilometre (FTK) ...
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Airlines optimistic on cargo volumes
The majority of airline cargo bosses expect volumes to expand over the year ahead.The latest IATA confidence index survey found that the results for cargo were “positive” and reflect “important developments in the demand environment”.Respondents among the heads of cargo reported growth in air freight volumes over recent months, which ...
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Record June for ACS
BROKER Air Charter Service (ACS) enjoyed the busiest month in the company’s history in June, completing more than 800 contracts.“It’s an astounding figure,” says chief executive Justin Bowman, as the company chartered more flights in June than it did in the whole of 2003.“Some charter contracts consist of more than ...
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Air France-KLM half year results
ON A long flightpath to financial recovery, Air France/KLM grew its half-year 2014 group revenues by one per cent to €12bn, a statement reveals.A strict capacity-management discipline is being used to balance supply and demand and improve productivity at the loss-making merged European carrier.This strategy is particularly relevant to its ...
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ANA takes delivery of first B787-9
JAPANESE airline All Nippon Airways (ANA) has taken delivery of its first B787-9 Dreamliner.ANA becomes the world’s first airline to operate both the -8 and -9 variants of the Dreamliner family when it launches B787-9 services on domestic Japanese routes in August.“The B787 Dreamliner is a key element in our ...
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Air freight price index stabilised in June
East-West air freight rates stabilised in June, following the seasonal correction of May, as Drewry’s East-West Air Freight Price Index recovered 2.3 points in the month to 101.6 points.The uptick in pricing only partly offset the decline experienced in May, but still left the index "considerably higher" than it was ...
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Aviation administrators tackle conflict-zone risks
AVIATION administrators are taking action to mitigate potential risks to civil aviation arising from conflict zones.Airports Council International (ACI), along with the International Air Transport Association (IATA) and the Civil Air Navigation Services Organisation (CANSO), came together at the head-office of the International Civil Aviation Organisation (ICAO) in Montreal, Canada ...
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SIA cuts Q1 cargo loss to S$18 million
Singapore Airlines’ cargo division halved its first quarter loss to S$18 million in the financial year first quarter, after it was better able to match capacity with demand.SIA Cargo recorded lower revenue in three-month period ended June 2014, despite a 0.9 per cent improvement in yield, as the air freight ...
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Subdued half year for Lufthansa
Lufthansa’s group cargo volumes fell 3.1 per cent in the first six months of 2014 to 932,000 tonnes in a “subdued” freight market for the German carrier’s airline businesses which include Lufthansa Cargo, Swiss and Austrian Airlines.In its half-year financial review, Lufthansa said: “The global cargo business was more subdued ...
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Virgin expands lightweight container fleet
Virgin Atlantic Cargo has taken delivery of its first 802 lightweight air cargo containers and will add a further 250 new units in the coming weeks.The investment is part of the carrier’s sustainability programme to save fuel and reduce its carbon footprintThe airline will ultimately replace all 3,200 of its ...
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IAG Cargo results reflect capacity switch
IAG Cargo's revenue fell 9.8% in the first half of 2014 to €488 million as volumes edged down 3.3 per cent to 441,000 tonnes, figures which reflect the ending of a long haul freighter leasing programme in April.The freight arm of British Airways and Iberia terminated its agreement with Global ...
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Atlas 'encouraged' by market volumes
Atlas Air Worldwide Holdings has presented an upbeat market volume outlook after announcing a second quarter net income of $29.6 million, compared with $20.1 million in same period last year.William Flynn, president and chief executive of the US-based aircraft leasing company, said: “We are off to a good start in ...
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Air cargo dips in June
GLOBAL airfreight volumes were up 4.1 per cent in the first six months of this year in comparison with 2013, buoyed by improving global trade and stronger business activity over the past year, according to IATA.June’s figures show reduced demand though, slowing to 2.3 per cent – down on the ...
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Cathay warns on market overcapacity
Cathay Pacific has warned about continued overcapacity in the cargo market despite the Hong Kong-based group notching a 3.4 per cent rise in freight revenue to HK$11.6 billion in the first half 2014.In a results statement Cathay said of its cargo business: “Overcapacity in the industry remains a major concern ...