Airlines – Page 76
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News
Lufthansa Cargo not expecting overcapacity on Asia-Europe
Lufthansa Cargo is not expecting cargo capacity to flood the Asia-Europe trade over the coming year due to the extra distance airlines will need to travel to avoid Russian airspace and as older tonnage leaves the market.Speaking on the day the cargo business announced record operating profits for the third ...
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NewsLufthansa Cargo reports third year of record operating profits
Lufthansa Cargo reported record revenues and operating profits last year despite volumes being flat on 2021 levels.Lufthansa's logistics division, which includes Lufthansa Cargo, Jettainer, time:matters, HeyWorld and a 50% stake in AeroLogic, last year saw revenues increase by 22% year on year to €4.6bn while earnings before interest and tax ...
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News
Raindo United Services plans Asia freighter services
Indonesia-based Raindo United Services plans to launch domestic and international freighter services in July this year, using two leased B737-800 Boeing Converted Freighters (BCF) each with a capacity of 23 tons.The digital start-up cargo airline will serve Jakarta, Medan, Balikpapan, Medan, Makassar and Surabaya on its domestic network and international ...
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NewsAir cargo capacity rises above pre-pandemic level while industry faces risk of zero growth
Air cargo capacity is continuing to climb and rose above the pre-pandemic level for the first time in four years, according to the latest market analysis from CLIVE Data Services.Global air cargo capacity increased for the eleventh consecutive month in February, up 11% on the same period last year.Meanwhile, global ...
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News
Asia Pacific airlines suffer January decline in cargo traffic
Asia Pacific airlines suffered a significant decline in cargo traffic during January with a 20.5% year-on-year plunge in freight tonne kilometres (FTK) compared with the same month in 2022.Combined with a 7.5% drop in available freight tonne kilometres, the international freight load factor fell by 9.7 percentage points to average ...
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NewsAir cargo continues aid efforts for Turkey-Syria earthquake
A 7.8 magnitude earthquake struck close to the Turkish city of Gaziantep on the Syrian border on February 6, causing extensive casualties and deaths as well as damage to buildings and infrastructure.The air cargo industry quickly swung into action to transport aid destined for the devastated region and efforts are ...
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NewsFedEx Express expands in Germany
Photo: FedExFedEx Express has expanded its Stuttgart Air Gateway air cargo facility and commissioned a new sorter at the site.The new setup improves handling speed and capacity, helping to meet export and import demand from customers in the region.In addition to more than tripling sorting capacity, the facility offers an ...
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NewsAmerican Airlines Cargo appoints Fau in France
Clement Fau. Source: American Airlines CargoAmerican Airlines Cargo has appointed Clément Fau as its new country sales manager for France.Fau will be based at the airline’s French headquarters at Paris Charles de Gaulle airport (CDG) and will lead the carrier’s sales team activities across the country.He reports into Emma Oliver, ...
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News
First signs of recovery in air cargo?
The air cargo market could be showing the first signs of a possible recovery fuelled by the restart of production at Chinese factories.Data provider TAC Index said that while air cargo rates "continued to edge slightly lower" last week there were indications of the "first shoots of recovery" for some ...
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News
Qantas plans to add more freighters
Qantas Group plans to add "three additional" Airbus A321 passenger to freighter (P2F) aircraft to help Qantas Freight meet air cargo demand.Speaking about these freighters and other planned passenger aircraft, the Group said the aircraft will help "maintain required capacity despite manufacturer delays to new aircraft" and "burn up to ...
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News
IAG Cargo adds Heathrow to Amsterdam freighter capacity
IAG Cargo increased its widebody cargo capacity from London Heathrow to Amsterdam from once to twice a week from February 15."The additional day three service will be operated by A330F aircraft with the capacity to transport more than 60 tonnes of cargo," said IAG Cargo in a LinkedIn post.It added: ...
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News
Small airlines bottom of the pile for SAF
Bigger airlines are being favoured by sustainable Aviation Fuel (SAF) providers, according to one cargo airline boss.Astral Aviation founder and chief executive Sanjeev Gadhia said smaller carriers interested in investing in SAF are “at the bottom of the food chain”.Speaking exclusively to Air Cargo News, Gadhia said: “The reality is ...
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NewsLove is in the air: Air cargo braces for a busy Valentine's Day period
Each year flowers take to the air as people around the world celebrate Valentine's Day by gifting bouquets to their loved ones. As a result, air cargo volumes blossom with tonnes of the perishable product flowing around the world. Here is a summary of some of the main news stories ...
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News
IAG Cargo to charge for paper air waybills
IAG Cargo is to introduce a charging fee for using paper air waybills (AWB) as part of its drive to become digital first.From April 3, customers who opt for paper AWB when booking cargo shipments will be charged a £10 fee, where switching to eAWB is free of charge.For years, ...
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News
ATSG reports record revenues but predicts block hour decline in 2023
Freighter aircraft lessor ATSG reported record revenues in 2022 but is expecting its block hours to decline this year.The Wilmington, Ohio headquartered firm last year saw its revenues increase 18% year on year to $2bn, adjusted earnings before interest, tax, depreciation and amortisation (ebitda) increased 18% to $641m but net ...
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NewsEthiopian adds new China-Europe freighter service
Source: Ethiopian CargoEthiopian Airlines has added a freighter service between China and Belgium as it looks to capitalise on growing e-commerce demand.The new service will initially operate twice a week flying between Shenzhen and Liege utilising B777F aircraft.The carrier said that the service was its first scheduled cargo service from ...
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News
Silk Way West looks to the Middle East and Central Asia with freighter flights
Baku-based freighter operator Silk Way West Airlines has expanded its scheduled network in the Middle East and Central Asia as it looks to capitalise on rising demand.The expansion sees the carrier operating two scheduled freighter flights a week between Baku Heydar Aliyev International Airport and Dammam King Fahd International Airport ...
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IAG Cargo sees volumes grow in 2022 despite revenue drop off
IAG Cargo saw its cargo revenues decline last year despite a slight pick up in volumes as bellyhold operations returned following the Covid pandemic.The cargo division, which offers capacity on British Airways, Iberia and Aer Lingus, saw cargo revenues for the full year decline by 3.5% year on year to ...
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Atlas Air sees Q4 revenue win but global demand dampens 2022 results
Atlas Air saw revenue growth in the fourth quarter of 2022 thanks to “an increase in the average rate per block hour”.The US cargo airline’s revenues in the fourth quarter of 2022 are up 4% compared to the fourth quarter of 2021.Atlas Air said: “Higher Airline Operations revenue primarily reflected ...
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NewsQatar Airways Cargo partners with iNOMAD platform
Guillaume Halleux (left) with Joon-suk Yim. Photo: Qatar Airways CargoQatar Airways Cargo has partnered with South Korea-based air cargo platform iNOMAD to improve visibility of rates and capacity for customers in South Korea.The airline said its partnership with iNOMAD will enable better connectivity for one of its major customers in ...