All Bellyhold Airline articles – Page 42
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News
October bounce prompts 2014 optimism
October’s air cargo growth, better than 2013, is prompting the view that 2014 will become the second-best year for revenues since 2008, despite a 10.4% yield drop since 2011, the best post-crisis year to date.The latest monthly update from Netherlands-based research house WorldACD Market Data said: “Until October came along, ...
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IATA stats: October growth continues but caution prevails
IATA’s October air freight data for October presents a mixed picture, as strong route development by Middle East carriers and demand for Apple’s iPhone 6 out of Asia were countered by economic concerns in Europe and Africa.Overall global volumes were up 5.4% in October compared to a year ago, an ...
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IATA figures find fair weather for freight flow
IATA’s November Airlines Financial Monitor finds good news for much of the air cargo sector as freight volumes continue to expand steadily and load factors improve on the back of growth in demand.Air freight volumes increased in October compared to September, with recent improvements driven by progress in Asia Pacific ...
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IATA: solid volume gains
Air freight volumes are showing solid gains on a year ago, supported by improving trade growth in some regions, but weakness in load factors and yields continues to place downward pressure on financial performance.That was the message from the latest cargo e-Chartbook from airline association IATA, covering the fourth quarter ...
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Tonnage up but rates to shrink in 2015 says IATA
Senior cargo executives at IATA member airlines are predicting that global air freight tonnage will increase next year at its fastest rate since 2010. Yet rates are likely to shrink by a further 5.8 per cent in real terms, intensifying pressure on margins.Brian Pearce, IATA chief economist, told a media ...
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Volumes to rise but yields droop, says IATA
Airfreight volumes are set to continue the growth seen in recent months, but yields will be weak, says the International Air Transport Association in its latest survey.The Airline Business Confidence Index published in January reported accelerated growth volumes in the fourth quarter of 2014 compared with Q3, “which is consistent ...
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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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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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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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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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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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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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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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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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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 ...