All Airlines articles – Page 34
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NewsLufthansa Cargo revenues fall in 2023 as rates cool
Lufthansa Cargo reported a year-on-year revenue drop of 36% in 2023 due to rates normalising after the highs seen during the pandemic era.The cargo arm of German airline Lufthansa recorded revenue of €2.98bn in 2023, a drop of 36% from €4.6bn in 2022.Lufthansa Cargo also generated an adjusted ebit of ...
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NewsAir cargo's "surprisingly" strong start to 2024 continues in February
The air cargo market reported another double-digit percentage increase in demand in February continuing a "surprisingly strong" strong start to the year as e-commerce boosted demand levels.The latest figures from data provider Xeneta show that air cargo demand increased by 11% year on year in February, while the dynamic load ...
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NewsEtihad Cargo sees revenues decline in 2023 as market rates cooled
Etihad Cargo registered a decline in its cargo revenues last year as the wider air cargo market cooled following the Covid boom.The Abu Dhabi-headquartered airline saw its cargo revenues in 2023 decline by 38% year on year to $914m following the "exceptional yield registered in 2022 due to Covid".Meanwhile, cargo ...
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NewsQatar Cargo waves goodbye to its last Boeing 747 freighter
Source: Qatar Airways CargoQatar Airways Cargo has exited Boeing 747 freighter operations after the model conducted its final flight for the Doha-headquartered airline last week.The aircraft (A7-BGB) completed its final flight from Barcelona to Doha on March 1.The carrier said that it had decided to exit the operation of the ...
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Cargolux takes a stand on disposable e-cigarettes
Cargolux will no longer transport disposable electronic cigarettes in response to concerns over their impact on health and the environment.The all-cargo airline said that the ban would also apply to its Cargolux Italia and comes in response to "growing concern about the adverse effects of these products on both public ...
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Airfreight rates on major trades remain down on 2023 levels in February
Air cargo rates continued to register declines on major east-west trades in February compared with last year as the timing of Lunar New Year break affected performance.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that rates from Hong Kong to North America were down 5.5% year on ...
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Insights
Air cargo momentum grows in India’s State of Tamil Nadu
India’s southern state of Tamil Nadu is rapidly expanding air cargo infrastructure and throughput handling.The state hosts India’s second-largest air cargo capacity with a total share of 28.3%, according to national government statistics.The state also has the highest number of container freight stations (CFSs) and Warehouse Development and Regulatory Authority ...
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Insights
Putzger perspective: New alignments - to passenger aircraft
Some carriers appear to have lost their appetite for freighters with plans to scale back conversions, but is cargo still valued? Global Crossing Airlines is changing direction. The Miami-based carrier has pressed the pause button on the expansion of its cargo operations in order to fly more passengers. Furthermore, company ...
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NewsIATA stats show 18% increase in cargo demand for January
Air cargo demand increased by a "remarkable" 18.4% year on year in January - the second month in a row of double-digit percentage increases.IATA data shows that as well cargo tonne kms (CTK) increasing in January, available capacity was up 14.6% year on year as belly space continued to be ...
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NewsFarCargo gets ready to launch first transatlantic air cargo route
Faroe Islands-based carrier FarCargo will launch its first transatlantic air cargo route for salmon shipments on March 5.The planned outbound route will be Billund - Faroe Islands – Newark, with a fuel stop in Keflavik (BLL-FAE-KEF-EWR), and inbound Newark - Billund (EWR-BLL).A subsidiary of salmon farming business Bakkafrost, FarCargo will ...
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Latin American air cargo liberalisation agreement made permanent
A multilateral agreement to liberalise air cargo services in Latin America has been made permanent in a move that could boost airfreight in the region.The seventh freedom traffic rights agreement was established on a temporary basis in 2021 but in December was made permanent.The agreement allows airlines from one Latin ...
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NewsSaudia Cargo, WFS and Cainiao launch collaboration at Liege Airport
Photo: Saudia Cargo WFS and Cainiao GroupSaudia Cargo, Worldwide Flight Services (WFS) and Cainiao Group have launched a strategic collaboration at Liege Airport to boost the efficiency of cross-border e-commerce trade.The collaboration at Cainiao’s Liege eHub aims to optimise e-commerce logistics processes through innovation and streamlining operations. The companies ultimately ...
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NewsCathay Cargo Terminal introduces ePayments
Photo: Cathay PacificCathay Cargo Terminal has become the first air cargo terminal in Hong Kong to introduce a business-to-business (B2B) ePayment solution.The terminal has partnered with global cargo payment platform PayCargo to offer a digital payment method for import cargo collection that is designed to be secure, user-friendly, and efficient. ...
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NewsEthiopian Airlines inaugurates e-commerce logistics facility
Ethiopian Airlines launches e-commerce facility at Bole Airport Photo: Ethiopian Airlines.Ethiopian Airlines Group has launched a new e-commerce logistics facility at Addis Ababa Bole International Airport.Located inside the Ethiopian Cargo & Logistics premises at the airport, the facility is dedicated to e-commerce, mail and courier logistics services.The facility will offer ...
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Strong start to 2024 for Asia Pacific carriers
Asia Pacific airlines had a good start to the year for both cargo and passengers, said the Association of Asia Pacific Airlines (AAPA) in releasing its preliminary January 2024 traffic figures.AAPA reported healthy growth in international freight, underpinned by strong demand ahead of the Lunar New Year festive season.January saw ...
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NewsUkraine’s Antonov Airlines launches new website
Photo: AntonovUkrainian heavylift carrier-in-exile Antonov Airlines has launched a new website.The airline, which is now based in Leipzig, Germany, said this is its first independent site since it discontinued its cooperation with UK-based GSSA Dreamlifts.Dreamlifts had represented Antonov since 2016, following the dissolution of the Ruslan International joint venture between ...
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IAG Cargo revenues drop 28% year on year
IAG Cargo saw a steep drop in year on year commercial revenues in 2023 against a backdrop of sustained soft air cargo demand in the industry.The cargo division of International Airlines Group (IAG) reported commercial revenues of €1.2bn for 2023, 28.4% down compared to 2022.Cargo volumes, measured in cargo tonne ...
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Etihad Cargo looks forward to A350F future
Etihad Cargo has set its sights on expansion and the Airbus A350 freighters due to join its fleet in the next few years are an important part of this plan.The production freighters will help Etihad Cargo meet increased demand for cargo capacity, driven by double-digit growth of the carrier's PharmaLife ...
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NewsLufthansa customs arm tops 50m clearances
Photo: Lufthansa CargoLufthansa Cargo’s CB Customs Broker subsidiary has carried out 50m clearances in its three-year existence.The broker carries out import and export clearance for import and export shipments, for sea, rail or road, as well as by air, either through an automated process or individual, customised solutions.The company said ...
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Sultan switches from cargo to passenger at Emirates
Nabil Sultan is leaving Emirates SkyCargo to head over to the airline's passenger business.Currently Emirates SkyCargo divisional senior vice president, Sultan will take on the role of executive VP - passenger sales and country management at Emirates from March 1."No announcement has been made" for Sultan's replacement yet, Emirates told ...