Business – Page 125
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Swissport revenues up
GROUND handler Swissport International achieved revenues of US$2.39 billion in 2013, an 11 per cent increase, in a year that could be characterised by recovering cargo markets, the company says.Swissport grew ahead of the market and was able to increase its airfreight tonnage by 18.4 per cent, reflecting the recovery ...
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One Question
Shahe Ouzounian, chief operating officer, Chapman Freeborn, answers:“I am hoping there is a flattening out of a general decline in the supply side – and that we can actually look forward to a more stable period for those carriers and brokers that add value. I expect consolidation and stability on ...
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FarnAir acquires part of K-Mile Air
SWITZERLAND-based integrator support airline FarnAir, has purchased 45 per cent of the shares of Thailand’s K-Mile Air.The shareholding formerly belonged to Transmile Group Berhad. Suan Plu Thani of Thailand remains the cargo carrier’s majority shareholder, a company statement says.Kedchai Benjaathonsirikul, chief executive of K-Mile Air, states: “This new partnership with ...
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Growth gap between passenger and air cargo widening
PASSENGER volume growth is outpacing air cargo, with a "big gap" emerging in the last three years as onshoring has stifled international trade volumes.IATA chief economist Brian Pearce said that air cargo's role as a lead indicator for passenger volumes has broken down since 2010, as witnessed by a ‘dramatic ...
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International trade stifled by protectionism, says Fred Smith
FEDEX founder Fred Smith has warned that 'the golden age' of double-digit air cargo growth is unlikely to return due to trade protectionism, higher fuel costs and the rapid growth in bellyhold capacity.Smith told the IATA World Cargo Symposium in Los Angeles: "The big reason why international trade is not ...
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Cathay’s profits soar despite weak air cargo
CATHAY PACIFIC’S profits in 2013 climbed by nearly 204 per cent to US$335m last year – however its cargo business remained weak, a statement reveals.Turnover for the year increased by 1.1 per cent.The Asian carrier attributed its healthy figures to the strengthening of its passenger business and measures taken to ...
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AA Cargo up 11.2 per cent in February
AMERICAN Airlines Cargo and US Airways Cargo, the freight arms of the merged American Airlines Group, recorded an airfreight increase of 11.2 per cent to 173.5 million tonnes in February.The US carrier’s year-over-year combined results were also positive, handling 347.3 million tonnes – up 12.6 per cent on the same ...
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LATAM cargo revenues slumped by 10.8 per cent
CARGO revenues at LATAM slumped by 10.8 per cent during the fourth quarter of 2013 as a result of a four per cent decline in traffic and a 7.1 per cent drop in yield.The situation remains weak amid competitive pressures from regional and international competitors, says the company.The yield decline ...
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Finnair celebrates 90th Anniversary
TOMORROW (Thursday) marks exactly 90 years since Finnair’s first commercial flight.On March 20, 1924, a Junkers F13 D-335 seaplane transported 162 kilogrammes of mail from Katajanokka in Helsinki to Tallinn, Estonia.The founding documents of the company, then known as Aero Oy, had been signed on November 1 the previous year.Nine ...
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Two days faster – or become extinct
SHIPMENTS need to arrive two days earlier than is normal – or the air cargo industry will continue to lose customers to other modes.Reducing transit times is the number one priority if air cargo is to remain competitive and give shippers compelling reasons to stay.Recognising the need for urgent improvements, ...
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IATA rides to the rescue
FULL CREDIT to IATA for upping its air cargo game in the last few years.For an airline association, which traditionally appeared to be more favourably focused on passenger affairs, cargo suddenly has great drive and energy at its core as it wrest-les with a panoply of growing pains.I say suddenly, ...
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Air cargo consultancy firms work together
A COLLABORATION between aviation consultancy groups Steer Davies Gleave (SDG) and Strategic Aviation Solutions International (SASI) offers unique services to the air cargo industry.The agreement combines Steer Davies Gleave’s air passenger, regulatory and wider business strategy expertise with SASI’s airline management, cargo fleet management, and cargo facility design and logistics ...
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Lufthansa Cargo optimistic despite profit drop
LUFTHANSA CARGO (LC) recorded an operating profit of €77 million (US$106m) in 2013 – €28m less than the previous year.The German carrier also saw its overall revenue drop by 9.2 per cent to €2.4bn. But despite the less than favourable balance sheet, Karl Ulrich Garnadt, chief executive and chairman, is ...
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IATA to facilitate a unified industry position on aircraft global tracking
IATA has called on governments and industry to focus on partnerships, data analysis and runway safety in the ongoing quest to make flying even safer.Tony Tyler, the association’s director general, speaking amid the ongoing search for MH370, also committed IATA to facilitating a unified industry position on global tracking of ...
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February rise of 2.9 per cent for global air cargo markets
FEBRUARY saw a 2.9% rise in global air cargo markets compared with the same month last year, prompting “measured optimism” from IATA for the sector’s prospects in 2014.According to latest market data from IATA, February’s increase in FTKs continues an early upward trend in 2014, with an overall 3.6% improvement ...
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E-AWB penetration remains flat
GLOBAL E-AWB penetration has remained flat over the last two months partly due to the Chinese New Year, which impacted Asian markets, where e-AWB penetration is high, says IATA.Emirates Airline remains in the top slot as the carrier that operates the most eAWB shipments, according to the association’s top-10 league ...
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Pactl upgrades handling system
SHANGHAI’S ground handling agent Pudong International Airport Cargo Terminal Ltd (PACTL) has implemented an upgrade to its HERMES air cargo management system.Benefits include new features such as a more reliable dangerous goods function, a ULD stock-check process, a flight planning capability and the facility to produce integrated cargo damage reports.PACTL ...
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Air Partner sees revenue slump
UK CHARTER broker Air Partner saw revenue slump by 26 per cent to £11.7m (2013: £15.9m), in the 18-month period ending January 31, 2014.Underlying profit before tax was level with the comparable 12-month period at £0.2m, due to early management of the cost base, the company reports.“The lower revenues reflect ...
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March air cargo boost for Cathay
MARCH saw double-digit good news for Cathay Pacific Cargo and its sister company Dragonair.Between them, the Hong Kong-based carriers lifted a total of 155,352 tonnes of cargo and mail in the month, an increase of 13.8 per cent on the same month last year.The cargo and mail load factor rose ...
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PACTL’S record air cargo hike
SHANGHAI Pudong International Airport Cargo Terminal (PACTL) saw its freight volumes rise by 14.44 per cent to 321,549 tonnes in the first three months of 2014 – the best first quarter result in the history of the company.The Sino-German entity also enjoyed record growth of 17.38 per cent year-on-year in ...