Airlines – Page 376
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News
FedEx and Atlas join coalition to back Middle East carriers in US subsidy row
FedEx and Atlas Air have joined up with two other US carriers to create the US Airlines for Open Skies Coalition, in support of Middle East Gulf airlines who have been accused of distorting competition via state subsidies.US-based parcels giant FedEx and lessor Atlas have joined forces with JetBlue Airways ...
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LATAM Airlines converts tons into travel credits
LATAM Airlines Group cargo customers can now benefit from Cargo Rewards, a corporate programme that converts transported international cargo tons into credit for travel.The scheme will apply to qualifying airfreight booked on LAN Cargo, TAM Cargo, LAN Cargo Colombia and Mas Air.Álvaro Carril, LAN Cargo’s senior vice president sales & ...
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IAG revenues up on currency gains
IAG saw cargo revenues increase by more than 8% during the second quarter of the year despite a volume decline caused by a move away from operating its own freighters.The Iberia and BA owner recorded cargo revenues of €259m during the second quarter of the year, up from €238m during ...
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Kurt Kraft to head Boeing freighter conversion and modification services
Kurt Kraft has been appointed to head Boeing's freighter conversion and modification services.In this new role, Kraft will have responsibility for all modification programs including avionics, flight decks, interiors and freighter conversions.Kraft previously served as director of 787 engineering at Boeing South Carolina and succeeds Dan da Silva, who was ...
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Strong full year prediction from Atlas Air
Freighter aircraft lessor Atlas Air expects to end 2015 with “a strong year and a significant increase in earnings” on the back of a second quarter that saw “contribution and margin strength” in the ACMI, charter and dry leasing sectors.Bill Flynn, president and chief executive of Atlas Air Worldwide Holdings, ...
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ANA endures tough quarter for cargo
ANA Cargo has endured a difficult second quarter as revenues, volumes and load factors all declined as typhoons, softening export demand and a weakening yen took their toll.The Japanese carrier saw cargo revenues decline by 2.4% during the April-June period to Y36bn.Cargo traffic slid by the larger amount of 7% ...
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JAL Cargo revenues up on international growth
JAL Cargo has recorded an increase in cargo revenues during the first quarter of its fiscal financial year.The Japanese carrier saw international and domestic cargo revenues during the April-June period increase to Y20.5bn from Y19.8bn a year earlier.International volumes increased by 9.4% during the period in cargo ton km terms, ...
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Qatar launches on-board courier service
Qatar Airways Cargo is launching an express airfreight service for door-to-door and time-critical shipments.The QR On-Board Courier service will be rolled out across the Middle East-based cargo carrier’s global network on August 1, enabling customers to book time-definite airfreight delivery solutions.It will use dedicated couriers accompanying each shipment from collection ...
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SIA sees 7.2% air cargo revenue decline in Q1
Singapore Airlines Group saw cargo revenue decline 7.2% in the first quarter of the current financial year (April-June 2015), despite a slight increase in freight carried, due to a 7.6% fall in yield.SIA Cargo recorded a first quarter loss of S$9m, compared with a S$18m deficit in the like three-month ...
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Hawaiian Airlines outlines reasons for freighter acquisitions
Hawaiian Airlines has given more details on the logic behind its decision to begin all-cargo flights to neighbouring islands.Speaking during an investor call to discuss second quarter results, Hawaiian Airlines president and chief executive Mark Dunkerley said the three ATR 72 turboprop freighters it would acquire would open up US ...
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Qatar Airways Cargo to add new African air cargo freighter operation
Qatar Airways Cargo has continued to expand its operations to Africa with the addition of a seventh dedicated freighter service to the continent.The airline announced today that it would launch a new Airbus 300F flight to Djibouti from its Doha hub on August 1.Qatar said the service would target the ...
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Hogan emphasises consumer choice
Etihad Airways president and chief executive James Hogan has emphasised the importance of consumer choice and innovation as the “fundamental drivers of competition in the international airline industry”.“What we bring to the market is competition, we bring fantastic choice in regard to product and services,” said Hogan.He highlighted the impact ...
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Qatar Airways dismisses SpiceJet stake speculation as an attempt to increase share value
Qatar Airways has dismissed speculation that it is in negotiations to buy a stake in Indian low-cost airline SpiceJet, suggesting the rumours are designed to increase share value.In a press release, the Middle Eastern carrier said rumours in the Indian press suggesting that the two airlines are in the early ...
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Delta takes 3.5% stake in China Eastern
US passenger carrier Delta Airlines is taking a 3.5% stake worth $450m in China Eastern Airlines to “solidify” their strategic partnership.News of the shareholding came as the two carriers signed an agreement to expand their partnership and” better connect” Delta's global network with China Eastern, one of the leading airlines ...
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UPDATE: IAG and Finnair launch Luton-Helsinki freighter partnership
Finnair Cargo and IAG Cargo have signed a freighter deal that will see the two airlines share space on a new DHL flight between London Luton and Helsinki.The new route will be operated by a DHL Airbus 300-600 cargo freighter, with a 43 ton capacity, and open up new destinations ...
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Asian airlines see cargo volumes decline for the first time this year
Asian airlines saw air cargo volumes decline for the first time this year as weakening demand took its toll on performance.The latest figures from the Association of Asia Pacific Airlines (AAPA) show that Asian airline cargo demand declined in June, slipping by 0.5% compared with a year ago to 5.3bn ...
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Cargolux close to new deal with OGBL union
Cargolux Airlines management and Luxembourg’s OGBL union have agreed the main points of a new three year collective work agreement, set to take effect from October 2015.Meanwhile, the European all-cargo carrier remains in dispute with the LCGB pilots union, whose Cargolux members called a 24 hour walk-out late last week.Luxembourg-based ...
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Air France KLM warns of capacity cuts as losses deepen
Air France KLM’s cargo division has seen losses deepen in the second quarter of the year and services at the airline will be cut as it attempts to address overcapacity.The airline group’s cargo division saw its operating loss for the second quarter of the year increase by 33% against last ...
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American sees cargo revenue decline but reports record quarterly profit overall
American Airlines Group saw cargo revenues decline during the second quarter of the year but the overall airline recorded profits for the period.The airline group’s cargo revenue during the second quarter declined to $194m compared with $221m a year earlier, while demand slid by 0.2% year on year to 594 ...
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Tough June for Europe's air cargo carriers
European airlines continued to struggle with the continent’s weak economic conditions last month with volumes and load factors continuing to lag behind last year’s levels.Combined data from the IAG Group, Lufthansa Group, Air France KLM and Finnair show that demand at the airlines they own declined by 4.6% year on ...