Business – Page 100
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News
ATSG full-year profits down due to Amazon start-up costs
Aircraft lessor ATSG reported a double-digit percentage improvement in revenues last year but profits took a hit as it was affected by the start-up of its Amazon contract and pilot strikes.The Wilmington-based airline saw revenues for 2016 increase by 24% year on year to $768.9m, while earnings from continuing operations ...
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IATA memo to Trump: cut aviation taxes and return to the principles of deregulation
In a Washington policy speech aimed primarily at the new US administration of President Trump, IATA’s top boss has urged governments to support the vital role aviation plays in connecting people and commerce around the globe.“Our world has grown much wealthier through trade and travel. Air travel liberates people to ...
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Double-digit airfreight growth for Panalpina but profits take a hit
Panalpina recorded a double-digit improvement in air cargo volumes last year but rate hikes in the second half of the year put pressure on profits.The Switzerland-based freight forwarder saw 2016 revenues decrease by 11.3% year on year to SFr5.2bn ($5.1bn), while operating profits were down 30.1% to SFr82bn and net ...
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Hactl gains CEIV certificate
Hong Kong Air Cargo Terminals Limited (Hactl) has become the first handler in the Territory to gain full IATA CEIV Pharma certification. It is the result of an initiative sponsored by the airport authority, in which all relevant industry players undergo validation for the standard.IATA CEIV Pharma represents a co-ordinated ...
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TIACA encourages tomorrow’s airfreight leaders
Young professionals from six logistics companies in the Netherlands have taken part in a new programme aimed at developing talent and improving collaboration across the airfreight supply chain.Each of them – from Air France KLM Martinair Cargo, Jan De Rijk Logistics, Tosoh Corporation, Valeant Pharmaceuticals International, Agility and Swissport – ...
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Chart of the Week looks back on 2016 freight load factors
IATA has produced its latest Chart of the Week (COTW), which focused on ‘asset utilisation’ – namely, aircraft load factors.According to the COTW, despite a strong pick-up in the (seasonally adjusted) freight load factor during the second half of 2016 – due to stronger demand and only moderate cargo capacity ...
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Alitalia business plan takes a step forward
The board of directors of Italian airline Alitalia have agreed that a final adjusted business plan will be presented by the end of the month (March 2017).The board met yesterday (Thursday) to hear a review from independent advisors Roland Berger on the airline’s proposed business plan.The board was also presented ...
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IATA names innovation award finalists
IATA has announced the five finalists for its 2017 air cargo innovation awards, whose ideas will be subject to a vote at the airline association’s World Cargo Symposium in Abu Dhabi next month.The final five out of 46 entries, in alphabetical order, are:Astral Aerial Solutions – UTM Concept for Africa ...
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Air France KLM's cargo business records 2016 operating loss
The Air France KLM Group saw its cargo division record another operating loss last year, although there was a slight improvement as headcount was reduced and freighters were taken out of action.The Franco-Dutch airline recorded a full-year operating loss of €244m, compared with a €245m loss in 2015.Cargo revenues for ...
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US carrier group backs Open Skies in Middle East subsidy row
As reported in Air Cargo News at the start of this month (February), a number of US legacy passenger airlines have resurrected their complaints to the US Government that they are suffering as a result of Middle Eastern carriers being unfairly subsidised by their state authorities.American Airlines, United and American ...
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K+N gains CEIV Pharma certification for specialist network
Global forwarder Kuehne+Nagel (K+N) has gained IATA's Center of Excellence for Independent Validators for pharmaceutical handling (CEIV Pharma) certification covering its entire KN PharmaChain GxP air network, currently including 86 locations on all continents.The IATA CEIV Pharma standard ensures the integrity of every pharmaceutical and healthcare product in the airfreight ...
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Cargo waiting in the wings as Lufthansa and Etihad partnership focuses on catering and MRO
Lufthansa and UAE national carrier Etihad have signed a non-equity partnership with an initial focus on in-flight catering and aircraft maintenance, although cargo is not on the menu at this stage.Etihad Aviation Group president and chief executive officer James Hogan, and Carsten Spohr, Lufthansa Group chairman and chief executive, signed ...
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Pharma first for Bolloré Logistics
Bolloré Logistics has become the first transport and logistics company in France to gain IATA's CEIV Pharma certification for its Paris Roissy CDG platform.The French logistics giant has already received similar certification for its sites in Brussels (Belgium), Frankfurt (Germany) and Lisbon (Portugal).Bolloré Logistics has IATA Pharma certification in progress ...
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E-commerce powers UPS record 2016 revenues
A US domestic e-commerce boom helped UPS’ last quarter revenues to accelerate by 5.5% across the global supply chain, leading to a full year record revenue result of $61bn for 2016.The logistics giant saw US domestic fourth quarter revenue climb 6.3% to $10.9bn, “driven by e-commerce” while international export shipments ...
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Pilots strike hits ATSG revenues
A fall in revenues due to a pilots' strike has seen US-based freighter lessor Air Transport Services Group (ATSG) advise that its adjusted ebitda* from continuing operations for the fourth quarter and full year 2016 will be around $7m lower than in its prior guidance.Said ATSG: “This reduction in guidance ...
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Simply the best: Enter now to win an air cargo Oscar
You have got to be in it, to win it. The Air Cargo News Cargo Airline of the Year awards are now open for entries.There are six categories in total to enter this year, one more than last year due to the creation of the innovation award, sponsored by Heathrow ...
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FedEx's Fred Smith: Decision to quit TPP "unfortunate"
FedEx founder and chief executive Fred Smith has hit out at the US president’s decision to withdraw from the TPP trade deal saying being cut off from trade would be like “trying to breath without oxygen”.Speaking today on the Fox Business Network’s Maria Bartiromo programme, FedEx’s Fred Smith said the ...
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logistics innovation shortlist drawn up
German supply chain company Fiege has shortlisted ten start-ups for the Logistics Tech Accelerator 2017 programme.Fiege, partnering with San Francisco’s RocketSpace technology campus and Spain’s Kaleido, is a corporate collaborator to the Accelerator programme.The scheme, in which Lufthansa Cargo is also a corporate partner, helps identify and select young technology ...
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IATA's ten cargo resolutions as e-AWB penetration misses 2016 target
IATA has issued ten New Year resolutions for the global air cargo industry.Top of the list is “embrace e-commerce growth” which accelerated 23.7% in 2016: “Online sales are on the increase, demand is high as well as the need for quick delivery, which creates a significant opportunity for air cargo,” ...
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Another boost for IATA's Cargo-XML messaging standard
IATA’s Cargo-XML messaging standard has taken another step towards becoming the industry standard after being integrated into a United Nations (UN) automated customs management system.The integration of Cargo-XML into the UN Conference on Trade and Development’s (UNCTAD) ASYCUDAWorld customs system standardises electronic communications between airlines and customs authorities in the ...