Airlines – Page 401
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News
Qatar steps up Saudi services
QATAR AIRWAYS is adding Al Hofuf in Saudi Arabia to its ever-increasing list of destinations.And as a further demonstration of its commitment to expanding its regional footprint, the airline recently increased the frequencies of two of its other destinations in the Kingdom of Saudi Arabia, says the company.The Doha-based airline ...
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March air cargo boost for Cathay
MARCH saw double-digit good news for Cathay Pacific Cargo and its sister company Dragonair.Between them, the Hong Kong-based carriers lifted a total of 155,352 tonnes of cargo and mail in the month, an increase of 13.8 per cent on the same month last year.The cargo and mail load factor rose ...
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IAG Cargo increases Panama capacity
IAG CARGO is increasing services between its Madrid [Iberia] hub and the high growth region of Panama in central America.The development improves cargo connectivity between European and Latin American markets, says IAG Cargo.The route, served by Iberia’s A340s as well as its brand new A330-300, will deliver increased lift in ...
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Etihad in first quarter cargo surge
ETIHAD AIRWAYS saw a 26 per cent year on year increase in cargo volumes in the first quarter of 2014, handling 128,000 tonnes of freight and mail.The United Arab Emirates based passenger airline’s cargo revenue increased by the same percentage to US$243m, placing the Etihad Cargo division on track to ...
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Aer Lingus starts Toronto service
AER LINGUS has celebrated the launch of its inaugural flight from Dublin to Toronto.The carrier’s new daily service during the summer season will be served with a B757.Peter O’Neill, director of cargo at Aer Lingus, reveals: “The B757 aircraft has opened up significant opportunities for Aer Lingus Cargo to and ...
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Silk Way confirms 747-8F order
Silk Way West has confirmed its order for three B747-8 freighters.The Azerbaijan-based carrier said the new planes were valued at over $1.1bn at current list prices. They join a fleet of two other B747-8Fs, two B767-300Fs and three B747-400Fs.The B747-8 freighter, said the carrier, offers the lowest operating costs and ...
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Cargo leads the way at Avianca
Colombian airline Avianca said that a 46 per cent surge in cargo revenue was the main contributor to a 3.1 per cent overall rise in operating revenue in its 2014 fourth quarter results.Cargo and other revenues reached $256.8m during the final three months of 2014, reaching 20.7 per cent of ...
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IATA warns of "tough year" for cargo
The New Year got off to a slow start for air cargo says IATA in its latest statistical bulletin.While freight tonne kilometres grew 3.2 per cent in January 2015 compared to the same month last year, it was slower than the 2014’s 4.5 per cent average.IATA director general and chief ...
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ACS sees $25m charter boom due to US west coast strike
Air Charter Service (ACS) reports that its North American and Asian offices booked over $25m of charter flights during the US west coast container ports strike.Some 29 US seaports – handling 70 per cent of US trade with Asia - were hit by the industrial action, requiring a freighter airlift ...
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Climate change threat to air cargo pharma shipments
EXPOSURE to extreme temperatures ruined more air cargo pharma shipments than ever before last year, and is driving this traffic to ocean carriers, say experts.Their research shows that the past 12 months witnessed a series of unprecedented global temperature extremes and, as a result, some pharma air cargo distributors experienced ...
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Air cargo security starts at home
HARALD Zielinski, global head of security and environment management for Lufthansa Cargo, has just finished collaborating with professors Elmar Giemulla and Bastian Rothe on a new guide to air cargo security.To be published in June - so far only in German - and aimed at the non-specialist audience as well ...
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FedEx to rely more on bellies
SHOULD forwarders worry about a new group of rivals for lift? The present overcapacity ensures there are no headaches about finding space, but the question arises just how big the appetite of the integrators for linehaul on commercial carriers is.FedEx has led that charge, which formed one of the planks ...
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Cargolux: In turbulence, or flying straight and level?
UNARGUABLY Cargolux has built the kind of reputation that attracts envy and admiration in equal measure. Today, the word ‘trailblazer’ is overused and in some quarters considered passé, but since its inception, the European all-cargo carrier has always strived to go beyond just augmenting its revenue and profits, writes Thelma ...
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European regulations benefit Turkish air cargo operators
REGULATORY constraints on European airport expansion present a business opportunity for Turkish airlines and hubs, believes the head of Germany’s Dusseldorf Airport cargo division.Gerton Hulsman, Dusseldorf Airport Cargo managing director, told an audience of logistics students in Istanbul that carriers such as Turkish Airlines can take “a large chunk” of ...
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Cargolux to increase share capital
EUROPEAN all-cargo carrier Cargolux is to increase the share capital of the airline by US$175m in cash, in exchange of newly issued common shares.The news follows an “extraordinary general meeting of the company’s shareholders”, says a company statement.Dirk Reich, the new president and chief executive, comments: “The share capital increase ...
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IATA’s e-AWB agreement gains momentum
MORE air cargo operators have backed the International Air Transport Association’s (IATA) Multilateral e-AWB Agreement, as part of the body’s ongoing e-freight drive. A total of 68 carriers and 824 forwarders have now signed the single standard document, allowing businesses to communicate electronically, rather than use a paper airwaybill.IATA’s e-AWB ...
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Airfreight growth, but yields decline
AIR CARGO executives and airline financial officers (CFO’s) are sanguine about market conditions for the remainder of this year, says IATA.A survey conducted by the association shows businesses have witnessed growth in airfreight volumes over recent months, which is consistent with freight data and more than half of the respondents ...
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Virgin Atlantic’s record air cargo load factor
VIRGIN ATLANTIC CARGO is celebrating achieving a turnover of £225.3m in 2013, along with a record load factor of 76 per cent – the highest ever in the carrier’s 30-year history.Bucking the trend, Virgin’s tonnage was five per cent higher (224,500) in a global airfreight market that declined by 0.5 ...
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Delta’s cargo drops, but revenue profits soar
DELTA AIR LINES posted record profits of US$ 8.9bn, despite its cargo revenue falling by nine per cent ($21m) driven by lower freight volumes and lower yields.The impressive results belies the fact that the US carrier was forced to cancel more than 17,000 flights due to severe weather in January ...
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Air cargo to play a big role in Turkey's future
AIRFREIGHT has a key role in Turkey’s ambitious programme to be the world’s tenth largest economy by 2023, the 100th anniversary of the founding of the republic.Transportation, including the airport and aviation, is one of the six economic pillars supporting the 2023 Vision set out by Turkish Prime Minister Recep ...