Business – Page 132
-
News
Asia air cargo accelerates
There is further evidence that Asian carriers are leading the parade for increased cargo volumes.Preliminary traffic figures for November released by the Association of Asia Pacific Airlines (AAPA) show that accelerating international air freight demand was driven by strong growth in electronic goods.In freight tonne km (FTK) terms, air cargo ...
-
News
IATA to survey shippers
IATA is to undertake a global shipper survey, its first for four years, to help it learn more ahead of the World Cargo Symposium in Shanghai during March about customers’ increasingly sophisticated requirements.In a presentation at IATA’s Geneva headquarters in December, Glyn Hughes, the association’s new global head of cargo, ...
-
News
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 ...
-
News
December's dollar yields dip
Air freight volumes continued to rise in December but exchange rate and fuel surcharge fluctuations saw a 2014 end of year fall in dollar-based yields, according to research house WorldACD.December’s healthy year-over-year (YoY) volume growth continued 2014's trend, as chargeable weight increased 6.7 per cent, said the Netherlands-based analyst which ...
-
News
Airfreight growth fails to match capacity
Airfreight volume sustained recent gains in the November to January period but load factors fell in December, thanks to a surge in capacity, said the latest International Air Transport Association Airlines Financial Monitor.IATA said that airfreight volumes continued strong, despite a small contraction in December compared with November, and the ...
-
News
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 ...
-
News
United launches CarbonChoice for cargo
United Airlines has launched CarbonChoice, allowing corporate cargo customers to track and offset the emissions associated with their air freight.Cargo customers with large-scale, regular shipments on United can receive customised emissions reports, with options to offset their company's carbon footprint through the US airline's partner, Sustainable Travel International.Jan Krems, United's ...
-
News
10th B747-8F for Cargolux
CARGOLUX is taking delivery of its latest B747-8 freighter from Boeing.The aircraft, registered LX-VCK and named ‘City of Contern’, is the tenth in a total order of 14.‘The delivery has helped us bring down the average age of our fleet – already one of the youngest in the industry – ...
-
News
dnata wins EU approval in Philippines
UAE-BASED ground handling company dnata’s operation in Manila has secured RA3 cargo certification for its ramp services at Ninoy Aquino International airport.RA3 certification complements the global air cargo industry’s drive to meet the European Union’s ACC3 – air cargo or mail carrier operating into the Union from a third country ...
-
News
Asia Pacific cargo uptick
Asia Pacific traffic figures for June show continued expansion of both international passenger and air freight markets.Preliminary figures from the Association of Asia Pacific Airlines (AAPA) saw demand for air freight helped by “positive consumer and business sentiment in major developed economies”.Overall, air freight demand in freight tonne kilometre (FTK) ...
-
News
Airlines optimistic on cargo volumes
The majority of airline cargo bosses expect volumes to expand over the year ahead.The latest IATA confidence index survey found that the results for cargo were “positive” and reflect “important developments in the demand environment”.Respondents among the heads of cargo reported growth in air freight volumes over recent months, which ...
-
News
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 ...
-
News
Record June for ACS
BROKER Air Charter Service (ACS) enjoyed the busiest month in the company’s history in June, completing more than 800 contracts.“It’s an astounding figure,” says chief executive Justin Bowman, as the company chartered more flights in June than it did in the whole of 2003.“Some charter contracts consist of more than ...
-
News
Heathrow's half year cargo boost
Cargo volume at London Heathrow increased 4.1 per cent to 726,469 tonnes in the first six months of 2014, with “notable increases” on routes serving China, Japan, Brazil and the US.Airport management at the UK’s largest hub said that 35.1 million passengers travelled through Heathrow in half year, a 1.9% ...
-
News
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 ...
-
News
Record performance for Russia's ABC
AIRBRIDGECARGO (ABC) Airlines, Russia’s largest scheduled cargo airline and part of Volga-Dnepr Group, started its 10th anniversary year with a record performance in the first six months of 2014, transporting 188,354 tonnes across its international network, 16 per cent more than the previous year.The improvement reflects the airline’s strong market ...
-
News
Air freight price index stabilised in June
East-West air freight rates stabilised in June, following the seasonal correction of May, as Drewry’s East-West Air Freight Price Index recovered 2.3 points in the month to 101.6 points.The uptick in pricing only partly offset the decline experienced in May, but still left the index "considerably higher" than it was ...
-
News
UPS parcel surge to Europe
E-commerce shipping in the US and strong International export growth helped parcel giant UPS record a 7.2 per cent increase in global package shipments in the 2014 second quarter.A surge in outbound shipments to Europe contributed to a 6.2 per cent rise in international small package revenues of $3.3 billion ...
-
News
Latest eAWB statistics
CATHAY and Emirates continue to lead the way in airline eAWB adoption, as paperless documentation has doubled in 12 months, reports IATA.“The total number of eAWBs used grew by more than 50,000 during the last 12 months, with an average increase of one per cent each month since the beginning ...
-
News
SIA cuts Q1 cargo loss to S$18 million
Singapore Airlines’ cargo division halved its first quarter loss to S$18 million in the financial year first quarter, after it was better able to match capacity with demand.SIA Cargo recorded lower revenue in three-month period ended June 2014, despite a 0.9 per cent improvement in yield, as the air freight ...