Airlines – Page 410
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Drewry: East-West airfreight rates in retreat
Air freight rates retreated from their November high as peak season demand receded.Drewry’s East-West Air Freight Price Index fell 12.6 points in December to 108.2 points, bringing the index down closer to seasonal norms.This brought to an end six consecutive months of rising pricing in which the index had gained ...
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December's dollar yields dip
Air freight volumes continued to rise in December but exchange rate and fuel surcharge fluctuations saw a 2014 end of year fall in dollar-based yields, according to research house WorldACD.December’s healthy year-over-year (YoY) volume growth continued 2014's trend, as chargeable weight increased 6.7 per cent, said the Netherlands-based analyst which ...
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Airfreight growth fails to match capacity
Airfreight volume sustained recent gains in the November to January period but load factors fell in December, thanks to a surge in capacity, said the latest International Air Transport Association Airlines Financial Monitor.IATA said that airfreight volumes continued strong, despite a small contraction in December compared with November, and the ...
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Happy new year in Asia Pacific
International cargo tonne-km rose seven per cent in January 2015 compared with the same month last year, said the Association of Asia Pacific Airlines (AAPA) in its latest preliminary traffic figures.Business was boosted by increased import-export activity in the run-up to the Chinese Lunar New Year, said AAPA.The association noted ...
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ICAO sees cargo improvements
WORLD scheduled airline passenger traffic grew by 5.5 per cent last year, reaching 5.8 trillion passenger-kilometres performed (PKP) – and is expected to increase by six, 6.3 and 6.5 per cent in the years 2014, 2015 and 2016, respectively, according to figures collected by the International Civil Aviation Organisation (ICAO).The ...
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United launches CarbonChoice for cargo
United Airlines has launched CarbonChoice, allowing corporate cargo customers to track and offset the emissions associated with their air freight.Cargo customers with large-scale, regular shipments on United can receive customised emissions reports, with options to offset their company's carbon footprint through the US airline's partner, Sustainable Travel International.Jan Krems, United's ...
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10th B747-8F for Cargolux
CARGOLUX is taking delivery of its latest B747-8 freighter from Boeing.The aircraft, registered LX-VCK and named ‘City of Contern’, is the tenth in a total order of 14.‘The delivery has helped us bring down the average age of our fleet – already one of the youngest in the industry – ...
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Asia Pacific cargo uptick
Asia Pacific traffic figures for June show continued expansion of both international passenger and air freight markets.Preliminary figures from the Association of Asia Pacific Airlines (AAPA) saw demand for air freight helped by “positive consumer and business sentiment in major developed economies”.Overall, air freight demand in freight tonne kilometre (FTK) ...
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Airlines optimistic on cargo volumes
The majority of airline cargo bosses expect volumes to expand over the year ahead.The latest IATA confidence index survey found that the results for cargo were “positive” and reflect “important developments in the demand environment”.Respondents among the heads of cargo reported growth in air freight volumes over recent months, which ...
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Aeroflot's cargo business slumps
THE decision by Russian airline Aeroflot to scrap its dedicated freighters business last year is the reason for a 36 per cent year-on-year slump in its cargo business in 2014.“Switching to belly cargo operations in 2013 is the main reason that cargo and mail carried decreased 36.0 per cent year-on-year ...
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Record June for ACS
BROKER Air Charter Service (ACS) enjoyed the busiest month in the company’s history in June, completing more than 800 contracts.“It’s an astounding figure,” says chief executive Justin Bowman, as the company chartered more flights in June than it did in the whole of 2003.“Some charter contracts consist of more than ...
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Air France-KLM half year results
ON A long flightpath to financial recovery, Air France/KLM grew its half-year 2014 group revenues by one per cent to €12bn, a statement reveals.A strict capacity-management discipline is being used to balance supply and demand and improve productivity at the loss-making merged European carrier.This strategy is particularly relevant to its ...
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Record performance for Russia's ABC
AIRBRIDGECARGO (ABC) Airlines, Russia’s largest scheduled cargo airline and part of Volga-Dnepr Group, started its 10th anniversary year with a record performance in the first six months of 2014, transporting 188,354 tonnes across its international network, 16 per cent more than the previous year.The improvement reflects the airline’s strong market ...
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ANA takes delivery of first B787-9
JAPANESE airline All Nippon Airways (ANA) has taken delivery of its first B787-9 Dreamliner.ANA becomes the world’s first airline to operate both the -8 and -9 variants of the Dreamliner family when it launches B787-9 services on domestic Japanese routes in August.“The B787 Dreamliner is a key element in our ...
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Air freight price index stabilised in June
East-West air freight rates stabilised in June, following the seasonal correction of May, as Drewry’s East-West Air Freight Price Index recovered 2.3 points in the month to 101.6 points.The uptick in pricing only partly offset the decline experienced in May, but still left the index "considerably higher" than it was ...
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Rapiscan wins lithium battery detection project
Rapiscan Systems has won a UK contract to determine whether the presence of lithium batteries in air cargo shipments can be detected automatically.The contract for the US-based security inspection specialist comes from the UK Civil Aviation Authority (CAA) and is supported by Department for Transport funding.It calls for Rapiscan to ...
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Aviation administrators tackle conflict-zone risks
AVIATION administrators are taking action to mitigate potential risks to civil aviation arising from conflict zones.Airports Council International (ACI), along with the International Air Transport Association (IATA) and the Civil Air Navigation Services Organisation (CANSO), came together at the head-office of the International Civil Aviation Organisation (ICAO) in Montreal, Canada ...
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SIA cuts Q1 cargo loss to S$18 million
Singapore Airlines’ cargo division halved its first quarter loss to S$18 million in the financial year first quarter, after it was better able to match capacity with demand.SIA Cargo recorded lower revenue in three-month period ended June 2014, despite a 0.9 per cent improvement in yield, as the air freight ...
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Subdued half year for Lufthansa
Lufthansa’s group cargo volumes fell 3.1 per cent in the first six months of 2014 to 932,000 tonnes in a “subdued” freight market for the German carrier’s airline businesses which include Lufthansa Cargo, Swiss and Austrian Airlines.In its half-year financial review, Lufthansa said: “The global cargo business was more subdued ...
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Virgin expands lightweight container fleet
Virgin Atlantic Cargo has taken delivery of its first 802 lightweight air cargo containers and will add a further 250 new units in the coming weeks.The investment is part of the carrier’s sustainability programme to save fuel and reduce its carbon footprintThe airline will ultimately replace all 3,200 of its ...