Airlines – Page 411
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IAG Cargo results reflect capacity switch
IAG Cargo's revenue fell 9.8% in the first half of 2014 to €488 million as volumes edged down 3.3 per cent to 441,000 tonnes, figures which reflect the ending of a long haul freighter leasing programme in April.The freight arm of British Airways and Iberia terminated its agreement with Global ...
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Atlas 'encouraged' by market volumes
Atlas Air Worldwide Holdings has presented an upbeat market volume outlook after announcing a second quarter net income of $29.6 million, compared with $20.1 million in same period last year.William Flynn, president and chief executive of the US-based aircraft leasing company, said: “We are off to a good start in ...
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Qatar adds belly capacity to Perth with B777-300
QATAR AIRWAYS is to increase belly capacity on its Perth, Australia, route by switching from using a B777-200 to a larger B777-300 version, writes Thelma Etim, deputy editor.The aircraft upgrade on the Middle East carrier’s second Australian destination (the first was launched in Melbourne in 2009) will come into effect ...
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Air cargo dips in June
GLOBAL airfreight volumes were up 4.1 per cent in the first six months of this year in comparison with 2013, buoyed by improving global trade and stronger business activity over the past year, according to IATA.June’s figures show reduced demand though, slowing to 2.3 per cent – down on the ...
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Cathay warns on market overcapacity
Cathay Pacific has warned about continued overcapacity in the cargo market despite the Hong Kong-based group notching a 3.4 per cent rise in freight revenue to HK$11.6 billion in the first half 2014.In a results statement Cathay said of its cargo business: “Overcapacity in the industry remains a major concern ...
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IAG Cargo: open to opportunities
FRESH from signing its block space programme on Qatar Airways freighters, IAG Cargo is prepared to “explore other opportunities” in terms of carrier partnerships.Steve Gunning, chief executive of the British Airways and Iberia cargo arm, says that the deal with Qatar Airways - sharing five-weekly B777F flights from Hong Kong ...
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ATSG' revenue uptick
A boost in US military contracts and aircraft maintenance services saw aircraft lessor Air Transport Services Group (ATSG) record an eight per cent rise in revenues to $149.6 million for the 2014 second quarter.Joe Hete, president and chief executive of US-based ATSG, said: “The second quarter provided strong evidence of ...
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SAA and Boeing to develop tobacco plant jet fuel
SOUTH African Airways (SAA) and Boeing have joined forces to develop an environmentally-friendly jet fuel produced from a new type of tobacco plant, writes Thelma Etim, deputy editor.The carrier and the planemaker will utilise sustainable jet fuel producer SkyNRG’s hybrid plant Solaris, which farmers can grow as an energy crop ...
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Emirates' Chicago route takes off
EMIRATES’ daily B777-200LR service to Chicago O’Hare International Airport gets under way, writes Thelma Etim.It is the airline’s ninth US gateway, following the commencement of services to Boston, Massachusetts in February.Chicago, Illinois is the third largest city by population and GDP in the United States, with a population of 2.7 ...
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Air New Zealand alliance with SIA approved
New Zealand's minister of transport has approved the alliance between Air New Zealand and Singapore Airlines.“It’s very pleasing to receive regulatory approval for this alliance which will enable us to grow our network with operations between Auckland and Singapore in the very near future,” said Air New Zealand chief executive, ...
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DWC cargo up in Q2
THE permanent relocation of Emirates SkyCargo’s freighter operations to Al Maktoum International – Dubai World Central (DWC) resulted in a triple-digit surge in cargo traffic in the second quarter of this year, writes Thelma Etim, deputy editor.DWC handled 199,751 tonnes, up 308 per cent from the same period in 2013, ...
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Air Partner and Ruslan fly mobile hospital
AIR charter broker Air Partner and Ruslan International have successfully transported a portable health centre from Turkey to Tangiers, writes Thelma Etim, deputy editor.The 44-tonne clinic comprising 10 individual units – including a radiology room, operating theatre, intensive care unit, pharmacy and twin generators – was flown on an AN-124 ...
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Etihad will bring Alitalia back to profitability by 2017
JAMES HOGAN, president and chief executive of Etihad Airways, has announced that the carrier has spent €560m to acquire its 49 per cent equity stake in Alitalia, writes Thelma Etim, deputy editor.Under the deal, which will result in €1,758m of investment and includes restructuring the Italian carrier’s debt, the Middle ...
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Cooperation is the key driver
THE latest half-year results for the air cargo industry’s two great players, the airlines and freight forwarders, reveal a market where volume increases are dampened by a “competitive environment” to use the jargon, or a rates battle to you and me.The major purchasers of air cargo space, Deutsche Post DHL, ...
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One Question
Steve Gunning, chief executive of IAG Cargo, answers: "THIS big influx of cargo capacity is creating an excess supply and the only relief valve that the air cargo industry has is freighter capacity, because that is the only one it is fully in control of.“As a result you will see ...
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Etihad Cargo beefs up Russia freighter services
ETIHAD CARGO, the freight arm of UAE flag carrier Etihad Airways, is launching twice-weekly, rotating freighter services linking Abu Dhabi and Moscow’s Domodedovo airport from tomorrow, writes Thelma Etim, deputy editor.The route will operate every Wednesday and Friday using an A330-200F, with a capacity of 64 tonnes.“Russia is a key ...
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Cargojet revenue rise
Canada-based Cargojet saw 2014 second quarter revenues up 3.7 per cent to C$44.3 million, due primarily to the increase in core overnight volumes and higher ACMI income.Cargojet provides time sensitive overnight air cargo services and operates a network across North America, as well as global air charters.President & chief executive ...
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American extends domestic cargo reach
AMERICAN Airlines is continuing to strengthen its presence across the US by adding four more domestic routes to its network this month, writes Thelma Etim, deputy editor.The carrier will begin offering belly cargo service to and from Fort Myers (Florida) and San Jose (California) from 18 August, says a company ...
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United's July cargo hike
UNITED AIRLINES’ cargo revenue tonnes rose 29 per cent to more than 212,000 in July, writes Thelma Etim, deputy editor.Increased belly capacity helped the US carrier’s airfreight division to enjoy a 9.1 per cent increase to 1.4 million year-on-year.Did you find this article of interest, if so why not register ...
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Virgin appoints Globe Air Cargo in Dubai
Virgin Atlantic Cargo has appointed Globe Air Cargo as its general sales and service agent in Dubai.The move is intended to simplify Virgin Atlantic Cargo’s freight and courier express sales for customers in the UAE and “take advantage of the Dubai market’s strong growth forecast”.The airline carries around 5,000 tonnes ...