Airlines – Page 375
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News
How did Europe's busiest air cargo carriers perform in the second quarter?
The second-quarter results are in and at first glance two out of Europe’s three largest listed cargo carriers appeared to have performed well at a revenue level.Both Lufthansa Cargo and IAG Cargo recorded year-on-year growth in revenues, of 6.2% and 8.8% respectively, however this was heavily influenced by exchange rates, ...
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Newly relaunched Air Djibouti plans more cargo flights next week
New market entrant Air Djibouti is planning more cargo flights next week following the launch of services at the start of the month.The government owned national carrier flew its first cargo service on August 2 when a leased Fokker 27 aircraft flew from Djibouti to Hargeisa in Somaliland.Asked whether the ...
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Air cargo on the up at Brussels Airport
Brussels Airport continued to report double-digit air cargo growth in July as the European hub recorded an 18% jump in volumes compared with the same month a year ago.The Belgian airport continued to outpace its rivals as air cargo throughput increased to 43,539 tons in July compared with 36,883 tons ...
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Oman Air and Cargolux add second service to Indian air cargo partnership
Oman Air and Cargolux have added an extra frequency to their freighter partnership between Oman and India, and say they plan to add further destinations to the tie-up in the future.The two airlines announced this morning that they would today add a second weekly flight between Chennai and Muscat.Cargolux said ...
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China Southern joins IAG Cargo’s Partner Plus
China Southern Airlines has joined IAG Cargo’s Partner Plus Programme, taking its place alongside Qatar Airways, Japan Airlines, the Avianca group, American Airlines, and Finnair.Customers of IAG Cargo, the freight arm of British Airways and Iberia, can now book confirmed space on China Southern Airlines' aircraft to a range of ...
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Virgin Atlantic Cargo posts record growth from Chicago
Virgin Atlantic Cargo posted a record month for tonnage from Chicago in June while it achieved a 100% load factor in the opposite direction.The airline said that shipments from Chicago increased by more than 30% in June to 860 tonnes, with 53% of traffic destined to the UK and 29% ...
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First flight for Qatar Airways Cargo's new charter freighter
Qatar Airways Cargo’s new Boeing 747 freighter charter aircraft has performed its first flight, heading to Hong Kong from Doha.The Middle Eastern airline said that the Boeing B747-400BCF aircraft, with a 112.5 tonne capacity, would cater for growing demand for outsized freight transportation for infrastructure projects in the Middle East ...
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Qatar extends hunting trophy ban
Qatar Airways is the latest airline to adjust its ethical cargo policy in the wake of the Cecil the lion outcry.The Middle Eastern carrier today announced that its existing embargo on transporting hunting trophies would be extended to encompass all species identified by the Convention on International Trade in Endangered ...
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Air cargo revenues down 9% in first half of 2015
Worldwide air cargo revenues in the first half of 2015 are more than 9% behind last year, but recent market softness appears to have plateaued in June.The latest figure from WorldACD show that air cargo revenues declined by 9.3% year on year during the first six months, with almost all ...
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Twelfth flight for China Southern
China Southern has taken delivery of its twelfth Boeing 777 freighter, making it the number one China-based operator of the aircraft type and the third globally.The new aircraft made its maiden flight out of Guangzhou to Paris, Vienna and then back to Guangzhou.So far in 2015, China Southern has introduced ...
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Airlines IAG Cargo and Qatar expand freighter partnership
IAG Cargo and Qatar Airways have extended their freighter partnership and added new routes.The two airlines announced this morning that the initial contract would be extended indefinitely, while the number of destinations covered has increased from the one originally announced to nine.The two airlines said they had decided to expand ...
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IAG Cargo's Gunning: excess capacity is the new normal
Excess capacity and yield pressure are the new normal that the air cargo industry must live with, according to IAG Cargo chief executive Steve Gunning.Speaking to Air Cargo News shortly after the publication of its second-quarter results, Gunning outlined why the cargo business of British Airways, Iberia and Vueling decided ...
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Record half year for freighter lessor ATSG
Air Transport Services Group (ATSG), the medium wide-body freighter aircraft lessor, reported record first-half 2015 results on the back of continued growth plus a “strong appetite” for its Boeing 767 freighters.US-based ATSG’s pre-tax earnings from continuing operations in the second quarter increased 17% to $17.2m, including a 35% increase in ...
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Update: airlines Swiss-Lufthansa adopt new air cargo pricing structure
Swiss WorldCargo and Lufthansa Cargo have provided further information on their new cargo pricing structure which takes effect from October 25 this year.The pricing of both airlines will consist of just two components: a net rate and an airfreight surcharge.Said Lufthansa Cargo: “As a result, the different surcharges currently in ...
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Virgin Atlantic Cargo calls for ethical standards for airfreight
Virgin Atlantic Cargo has called for the creation of an industry-wide ethical cargo policy that will identify shipments not acceptable for carriage in the aftermath of the killing of Cecil the lion.The UK airline, which already has an ethical cargo policy in place, called for an industry-wide agreement that would ...
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Swiss and Lufthansa to launch new cargo pricing structure
Swiss WorldCargo and Lufthansa Cargo are to launch a two component pricing structure - a net rate plus airfreight surcharge – to reflect the "volatility of external cost factors".A joint letter to customers states: “The new airfreight surcharge will be significantly lower compared to the combined fuel and security surcharges, ...
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Air cargo volumes stagnate and load factors slide in June
The air cargo industry faced another tough month in June as volume growth “stagnated” and load factors continued to slide.Airline organisation IATA’s monthly airfreight market analysis has revealed that cargo traffic in freight tonne km terms increased by 1.2% in June compared with a year earlier.This lags behind the 3.5% ...
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Lufthansa's air cargo and logistics division slips to loss on freight centre delay
Lufthansa’s air cargo and logistics division sank to an operating loss in the first half of the year despite lower fuel prices and an increase in revenues.The logistics segment, which includes Lufthansa Cargo, Jettainer and its share of AeroLogic, saw first-half revenues increase by 4% on last year to €1.2bn ...
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Qatar Airways receives Nepalese forwarders' award
Qatar Airways Cargo has received an award from the Nepal Freight Forwarders Association (NEFFA) for its cargo performance in the country during 2014.The Middle East passenger and cargo airline received the accolade for lifting the highest tonnage of cargo from the Asian country last year.In April this year, the carrier's ...
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From the spare room to the boardroom: Bowman’s 20 years at Air Charter Service
Air Charter Service chief executive Justin Bowman has celebrated 20 years at the company, which he joined after lodging with the broker company’s founder.Bowman first became aware of ACS when as a student he moved into founder and chairman Chris Leach’s spare room in the early 1990s.Leach said: “During the ...