Airlines – Page 297
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News
AF KLM registers Q2 cargo traffic improvement but revenues down
Air France KLM saw cargo traffic and load factors improve during the first half of the year, although it did register a small decline in revenues.The Franco Dutch airline, which last week announced it would invest in Virgin Atlantic, saw second-quarter cargo revenues decline to €506m from €507m last year.Meanwhile, ...
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IATA survey of airline and cargo bosses saw Q2 profits rise
An IATA survey found that more than three-quarters of airline chief financial officers and heads of cargo indicated that profitability increased in the second quarter of 2017 compared to the same period of 2016.However, IATA added that the first quarter may have marked the bottom of the industry profitability cycle.The ...
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American Airlines expands European trucking as global Q2 revenues soar
American Airlines Cargo has expanded and extended its European trucking network this summer.News of the European road feeder boost came as the US carrier announced its second quarter 2017 group results, which saw cargo revenue across the global network up by 13.1% to $196m, due to a 15.1% increase in ...
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SIA Cargo flies back into profit
SIA Cargo reported a financial year first quarter operating profit of $6m, reversing its loss of $34m in the same April-June last year.Revenue received a $57m boost from freight growth of 6.9%, further lifted by a 4.8% improvement in cargo yield, said the Singapore-based mega-Asian carrier.SIA Cargo operates a fleet ...
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Flying fish: Turkish Cargo provides Pearls of the Aegean for Kuwait dining tables
Turkish Cargo is now accepting fresh fish shipments on its direct Bodrum-Kuwait passenger flights as part of a sameday perishables supply chain to serve the appetites of consumers in the Middle East country.The Turkish carrier said that it is offering the service after requests from the Aegean Region, where three ...
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Second quarter cargo surge for IAG
British Airways, Aer Lingus and Iberia parent group IAG had a strong cargo second quarter as airfreight revenues at the European group soared by 7.9% to €260m against the same quarter of 2016, or an increase of 7.6% on 2016 at constant exchange.IAG's half year 2017 results saw cargo revenues ...
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NewsAsia Air Cargo Monthly: Strong freight demand expected to continue
Asian airlines continued their bumper start to the year in June and expectations are that cargo demand will remain strong for the rest of 2017.The latest Asian airline figures show robust cargo demand in June, with the Association of Asia Pacific Airlines reporting a 10% increase in freight tonne kms ...
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Delta, Air France KLM, Virgin and China Eastern deepen partnerships with equity deals
Air France KLM, Delta Air Lines, Virgin Atlantic and China Eastern have revealed plans for a major strengthening of their partnership that will involve the airlines making more equity investments.In an announcement, the carriers said that Air France KLM will acquire a 31% stake in Virgin Atlantic for around £220m.The ...
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Shawn Cole named vice president of Delta Cargo
Shawn Cole has been named as vice president of Delta Cargo, after the division's president took on the extra responsibility of airport customer service earlier this year.“Shawn is a solutions-driven Delta executive of nearly 10 years,” said Gareth Joyce, president – Delta Cargo and senior vice president – airport customer ...
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Dynamic airfreight pricing, what it means for shippers and forwarders
Posted airfreight rates with promotions change about once a month, on average. When airlines make the shift to dynamic pricing, rates change constantly, driven by excess capacity and diminishing time before departure, writes Manel Galindo* of Freightos.Once the majority of airlines make this shift to dynamic pricing, our industry will ...
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Etihad Airways registers $1.8bn loss in 2016 as cargo comes under pressure
Etihad Airways saw its cargo revenues drop by 10% last year despite an increase volumes, while the overall company slipped to a $1.8bn loss.The Abu Dhabi-hubbed airline recorded cargo revenues of $900m in 2016 compared with a $1bn in 2015. This came despite a 0.8% increase in cargo volumes to ...
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VIDEO: Improving air cargo security in the US
The US air cargo industry has been debating how it believes the sector can make supply chains more secure (see video at end of article).Air cargo participants presented their thoughts on air cargo security to a Homeland Security subcommittee chaired by Republican John Katko.President of the Cargo Airline Association Stephen ...
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IAG Cargo to offer time-critical service for pharma shipments
IAG Cargo has announced that it will expand its time-critical service to include pharma shipments.The airline group, which includes British Airways, Iberia and Aer Lingus, said that following successful trials of its Constant Climate Critical service across India, the UK and Europe, IAG Cargo is rolling out this new offering ...
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Cobalt Air appoints AIA Cargo as worldwide GSA
Cyprus-based airline Cobalt Air has appointed Airbridge International Agencies (AIA Cargo) as its worldwide cargo general sales agent (GSA).A spokesperson for the low cost carrier said: "The appointment marks another positive milestone in the development of Cobalt Air, Cyprus’ fastest growing airline, and will enable the airline to generate additional ...
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Airlines appeal European Commission's cartel fines of €776m
The European Commission (EC) faces a further appeal by eleven airlines over its March 2017 decision to re-adopt a previous ruling and to impose fines totalling more than €776m on the carriers for operating a price-fixing cargo cartel between 1999 and 2006.KLM, British Airways, Lufthansa and eight other carriers have ...
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Delta invests in tech and infrastructure after table topping performance
Delta Cargo has revealed its latest investment priorities after topping the North American carrier table for on-time airport-to-airport delivery times.The airline said, based on Cargo iQ stats, that over the last 12 months, it has had the highest average percentage for airport-to-airport NFD - a measure of on-time freight and ...
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Lufthansa Cargo wants to remain in airfreight's Champions League
Lufthansa Cargo wants to remain in airfreight’s “Champions League”, using a first team line-up of Productivity, Products, Partnership, Digitisation, ANA and Cathay Pacific, with Swiss and United on the bench.The German carrier’s logistics division made a combined €50m loss in 2016, as its cargo airline business pushed ahead with a ...
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Lufthansa Cargo adds protective film as standard on cool services
Lufthansa Cargo has announced that all cargo transported in the passive refrigeration sector will now be protected against temperature changes through the use of a protective film.The German airline said the innovative reflective film, which was produced exclusively for the carrier, provides sensitive shipments with optimum protection against the unavoidable ...
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KLM boss Elbers in high profile support of airfreight and freighters
Cargo can often be the forgotten partner of its passenger counterpart, but not at KLM, where the Dutch airline’s president and chief executive, Pieter Elbers, is fully behind the freight division.Elbers struck a high-profile when KLM-Martinair opened its new sort centre at Amsterdam’s Schiphol airport, a “tens of millions” euro ...
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Airfreight prices climb in June but growth rate narrows
Global average airfreight rates continued to track ahead of last year’s levels in June, but the rate of improvement has slowed compared with a month ago.The latest Sea and Air Shipper Insight report from Drewry shows that average all-in buy rates across 21 major east-west trade lanes increased by 1.1% ...