Airlines – Page 270
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News
IAG Cargo revenues on the rise in Q1 2018
IAG Cargo's first quarter 2018 results saw commercial revenues of €276m, a rise of 3.4%, or 10.9% at constant currency versus last year.The cargo division, which includes British Airways, Iberia, Vueling, Level and Aer Lingus, saw overall yield for the January to March period up 11.8% at constant exchange. Volumes ...
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Atlas Air upgrades outlook after improvement in Q1 revenues and profits
Aircraft lessor Atlas Air Worldwide has increased its outlook for the year as revenues and net profits rose during the first quarter of 2018.During the quarter, the company registered a 24.1% year-on-year improvement in revenues to $590m, operating income increased 68.8% to $40.6m and net income reached $9.6m compared with ...
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Cargolux continues drive to reduce environmental impact
Last year Luxembourg-based airline Cargolux managed to reduce its carbon footprint by 2.2% following the implementation of several initiatives.The freighter operator said its environmental improvement was ahead of IATA's recommendation of 1.5% per year until 2020.In order to reduce its carbon dioxide output and noise pollution the airline reviewed flight ...
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Asian cargo monthly: Traffic growth slows in March
March saw air cargo traffic growth at Asian carriers weaken after a slow pick up after the Chinese New Year and following on from similar trends at their European rivals and major hubs in the region.The largest cargo carrier group in the region, Cathay Pacific, saw total cargo traffic for ...
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DHL expands airfreight operation in response to Asian demand
DHL Global Forwarding is expanding its round-the-world freighter operation to meet demand growth on Asian and transpacific trades.The forwarding giant said that it would a deploy a second dedicated Boeing 747-400F — ACMI-leased through Atlas Air — to connect the US, Europe and Asia, following on from the launch of ...
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March sees air cargo growth slow to its lowest level in 22 months
Air cargo growth slipped to its lowest level in 22 months in March, with IATA citing the end of an inventory re-stocking cycle as the main reason for the slowdown.The latest figures from IATA show that air cargo traffic in freight tonne km (FTK) terms increased by 1.7% in March, ...
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Virgin Atlantic Cargo achieves GDP compliance in the UK
Virgin Atlantic Cargo has been granted Wholesale Distribution Authorisation (WDA) at its headquarters close to Gatwick Airport, confirming the airline’s compliance with Good Distribution Practice (GDP) guidelines.The airline said it decided to embark on gaining WDA in response to customer demand. Virgin Atlantic Cargo’s WDA accreditation at its headquarters follows ...
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Volga-Dnepr appoints Paul Nolan to shape fleet development
Volga-Dnepr Group has appointed Paul Nolan as fleet development director.Nolan has worked in aviation commerce for more than 30 years, most recently spending more than 15 years as senior vice president, aircraft asset management, for DVB Bank SE, covering clients in the EMEA region, Japan, India, Russia and the CIS.He ...
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Cargo heads upbeat on profitability for next 12 months
The majority, some 61%, of heads of cargo and airline chief finance officers expect their level of profitability to improve further over the coming 12 months.When surveyed in early-April by IATA, 67% of senior managers also indicated an improvement in year-on-year profitability in first quarter of 2018 compared with the ...
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Longhao Airlines looks to add international cargo routes
Domestic Chinese cargo carrier Longhao Airlines is planning to launch two international cargo services from Nanchang Airport by June of this year.Details on where the service will operate to are thin on the ground, but the airline operates a fleet of three short-to-medium range B737-300 freighters meaning, unless it adds ...
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US pilots welcome FAA Reauthorization but reiterate concerns over single-pilot cargo aircraft
The Air Line Pilots Association, Int’l (ALPA) has commended the US House of Representatives for its "strong, bipartisan passage" of a five-year Federal Aviation Administration (FAA) Reauthorization but expressed its disappointment regarding the inclusion of a study into single pilot cargo aircraft.The union said the Reauthorization would not only advance ...
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Air France KLM Cargo gets digital to smooth processes
The last few years have by no means been easy for Air France KLM Martinair Cargo (AF KLM) as it underwent a restructuring that saw it lose around 15% of staff over a three-year period.Its freighter fleet was also reduced from 15 aircraft at the start of 2014 to six ...
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ANA international cargo revenues soar in 2017
Japanese carrier All Nippon Airways (ANA) saw domestic cargo dip in the 2017/18 financial year, ended in March, as international revenues soared.ANA, which has 12 Boeing 767 freighters alongside its passenger aircraft fleet, recorded a 26.5% in international airfreight to ¥118bn, while domestic revenues were down 0.5% to ¥30.7bn. International ...
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American Airlines reports Q1 cargo revenue growth
American Airlines is the latest US carrier to report strong financial performance for its cargo during the first quarter of the year, with revenues and traffic increasing at double-digit percentage levels.The Dallas-headquartered airline saw total first-quarter cargo revenues increase by 18.8% year on year to $227m.The revenue increase comes on ...
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CargoLogicAir: Flying the flag in a Brexit world
You don’t have to smoke a big cigar and display the V for victory sign to prove you are a true Brit.A UK Air Operator Certificate (AOC) does the job equally well for CargoLogicAir (CLA).David Kerr, chief executive of Stansted-based CLA, has declared that the carrier remains “totally committed” to ...
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American Airlines Cargo's 'just-in-lime' delivery
American Airlines Cargo has undertaken a 'just-in-lime' project to deliver a whopping 103 tons of the bitter fruit for the Cinco de Mayo holiday celebration in Canada.Multiple shipments of more than 103 tons of limes have been moved from Brazil to Canada this past month."To put it in perspective, that’s ...
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Middle East Airlines signs up with ECS group for GSSA services
Middle East Airlines (MEA) has chosen ECS Group as its General Sales and Service Agent (GSSA) at its European hub, Paris Charles de Gaulle.Under the agreement, ECS Group will provide the Beirut-based Lebanese air carrier with sales and operations services in Paris.From the French capital, the airline provides flights from ...
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LATAM to offload stake in cargo airline Mas Air
LATAM airlines has reached a preliminary agreement for the sale of its stake in Aerotransportes Mas de Carga (Mas Air), also known as LATAM Cargo Mexico, for an undisclosed sum.The stake will be purchased by a group led by current shareholders of Mas Air, with the deal expected to be ...
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CargoLogicAir adds more Hong Kong and Atlanta freighter frequencies
CargoLogicAir (CLA) has boosted its freighter services from the UK with additional Boeing 747F operations to Atlanta, Dubai and Hong Kong.The British all-cargo airline’s third flight per week to Atlanta, which returns directly to its London Stansted hub, is in addition to its existing 747F flights from Stansted to Mexico ...
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Lufthansa reports another strong quarter for cargo on rate increases
Rate increases helped boost revenues at Lufthansa’s cargo and logistics business in the first quarter of the year.First-quarter figures from the Frankfurt hubbed aviation group show that its logistics business segment saw revenues increase by 12.7% year on year to €641m in the first quarter.This is ahead of a 4.6% ...