Airlines – Page 347
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News
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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Saudia Cargo and Virgin Atlantic Cargo to expand partnership in the US
Saudi Airlines Cargo is hoping to expand its presence in the US through a new partnership with Virgin Atlantic Cargo.The deal will see Saudia Cargo offer its customers space on Virgin Atlantic Airlines flights in the US, particularly for cargo that requires special attention, such as flowers, fruit and seafood.Saudia ...
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LCI leases freighters to Turkish operator
LCI, the aviation leasing arm of the Libra Group, has increased its fleet of dedicated maindeck freighter aircraft.Two additional Boeing 747-400F aircraft are now flying for Qatar Airways and Saudia, Saudi Arabian Airlines, and are being operated by ACT Airlines, known as myCARGO Airlines, the Turkish wet-lease operator.The two Pratt ...
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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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Terror attacks hit Brussels Airlines cargo Q1 results
Brussels Airlines says its cargo traffic in March was sharply down, due to the terrorist attacks on its home airport on March 22.The Lufthansa Group subsidiary said that cargo traffic was largely interrupted after that date and that the total of 2,609 tonnes reflected a decrease of 21% compared with ...
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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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Freighter conversion frenzy continues with Automatic order
Aeronautical Engineers, Inc (AEI) has signed a contract with US and European leasing company Automatic for two 11-pallet-position B737-400SF freighter conversions.Both aircraft were built in 1993, are standard gross weight and the work will be carried out by AEI's modification and repair specialist Commercial Jet at its Miami facility.The aircraft ...
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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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News
Qantas to fly six-strong postal freighter fleet
Qantas Freight has revamped its domestic Australia Post network by dedicating five of its ten-strong freighter fleet to the service and will also soon take delivery of a B737-400 freighter for the exclusive use of the operation.Currently, Qantas operates ten domestic freighters across Australia - four B737-300CF, four BaE146 and ...
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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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Raya gets new chief executive
Asian cargo airline Raya Airways has announced the appointment of Lee Shashitheren as its new executive director and chief executive.Lee, former commercial director of Raya Airways, has more than 20 years’ experience in the cargo airline business and takes over from the former managing director Mohamad Najib Ishak, who resigned ...
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Air France KLM achieves IATA pharma certification
Air France KLM Martinair Cargo has achieved IATA pharma certification for four areas of its business and claims that customers are increasingly demanding the credential before they will engage with airlines.The Franco-Dutch airline group achieved IATA Centre of Excellence for Independent Validators Pharma (CEIV) certification in February this year.The four ...
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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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United Cargo to begin accepting new temperature controlled container
United Cargo has begun accepting the Envirotainer RAP e2 temperature-controlled container.United can now transport the entire suite of Envirotainer’s active units on the airline’s network of 59 TempControl-certified handling locations.The RAP e2 does not require dry ice or battery replacement – it uses rechargeable batteries to power its electric heating ...
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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 ...