All Cargolux articles – Page 2
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InsightsCargolux's Forson fears freighter boom will see air cargo bubble burst
Cargolux is exercising caution when it comes to freighter fleet investments and with good reason, president and chief executive Richard Forson tells Roger Hailey.Forson takes the longer term view of the air cargo industry and will not make million-dollar freighter fleet investment decisions based on the industry’s current boom.The Luxembourg-based ...
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NewsCargolux and Bolloré Logistics team up on SAF
Photo: CargoluxCargolux and long-term partner Bolloré Logistics have signed an agreement for the use of Sustainable Aviation Fuel (SAF) in joint operations.The deal, encompassing 800,000 litres of SAF, forms part of the Cargolux SAF programme.This initiative will enable Bolloré Logistics, which launched its AIRsaf SAF programme last year, to reduce ...
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NewsCargolux expands on the transatlantic with new Ireland-US freighter service
Source: CargoluxFreighter carrier Cargolux has added a new service from the Republic of Ireland to the US as it builds on a previously ad hoc operation.The flight will operate on a routing of Los Angeles, Seattle and Shannon once per week utilising one of the carrier's B747 freighters. The inaugural ...
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NewsCargolux racks up over a billion in 2021 profits
Cargolux Boeing 747-8 freighter. Photo: CargoluxCargo airline Cargolux’s 2021 results show profit after tax of $1.3bn, an increase of 68% over 2020.The Luxembourg-based airline saw an increase in tonnage and higher yields, recording revenues of $4.4bn, an increase of 40% over 2020.Earnings before interest and tax (EBIT) were $1.72bn, an ...
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Sponsored ContentSponsored: Cargolux’s long standing expertise in handling your outsized shipments
Handling big and bulky shipments requires the proper infrastructure and know-how. With more than 50 years of experience in this field, bulky and outsized cargo have become part of Cargolux’s day-to-day business and we will always strive to make the impossible possible.To ensure a fast and safe delivery, airlines need ...
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NewsSurcharges increased as Ukraine conflict rages on
Photo: FedExSurcharge are being increased as supply chain disruption due to the Ukraine invasion continues.From March 7, FedEx Express is introducing increasing its peak surcharges on FedEx Express parcel and freight shipments and TNT shipments for some shipments moving between Asia Pacific (APAC) and countries in APAC, Europe, Latin America ...
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News
Cargolux donates €3.5m to Ukraine humanitarian efforts
Cargolux will donate €3.5m to support humanitarian efforts arising from the war in Ukraine.The airline said the monetary assistance follows the UN’s emergency appeal for $1.7bn to urgently deliver humanitarian support to people in Ukraine and those who have fled the country in search of safety and protection.Cargolux will donate ...
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InsightsRobust demand and rates for Asia-Europe air cargo
Asia-Europe air cargo trade looks set to continue with high rates and demand in 2022, writes Roger Hailey.Turbulence is an understatement when describing the many variables facing air cargo’s Asia-Europe trade lane in 2022.A cocktail of ingredients looms ominously: possible Covid-19 variants shutting down factories as well as airlines and ...
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News
SITA buys out Cargolux's stake in CHAMP
Transport IT firm SITA has become the sole owner of air cargo software provider CHAMP Cargosystems after buying the stake owned by Cargolux Airlines.The transaction saw SITA acquire its joint venture partner's 49% holding on December 21.SITA said the move will increase CHAMP's flexibility and comes as revenues at the ...
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NewsCargolux adds online booking service
Cargolux B747-8F. Source: CargoluxCargolux Airlines has launched a new online booking portal as part of the freighter operator’s investment in its digital capabilities.The new portal enables customers to log on, request an instant spot quote according to personalised criteria, as well as having visibility of allocations, “thereby enabling for the ...
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NewsCargolux overhauls cargo management system
Cargolux will deploy IBS Software's iCargo SaaS solution to transform and manage its global air cargo business. Photo: IBS SoftwareCargolux has struck a deal with IBS Software for the replacement of its cargo management system.The European cargo airline will deploy IBS Software's iCargo SaaS solution to improve services ...
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NewsCargolux and K+N pilot API connectivity for quotes & bookings
Cargolux has launched a set of Application Programming Interfaces (APIs) to offer customers a direct interface between their systems and the European freighter airline’s platform to receive tailored and immediate bookable quotes.This system is piloted by Cargolux’s Brussels, Milan, Frankfurt, and London offices in collaboration with long-standing freight forwarding customer ...
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NewsAir Cargo News Awards winners revealed
Andy Cornwell of American Airlines Cargo picks up the Cargo Airline of the Year Award from award sponsor FlyUs Aviation Group's James Gidlow and host Julia Hartley-BrewerA total of 14 companies walked away with a prestigious Air Cargo News Award last night at a glittering ceremony in the UK.The ...
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NewsCargolux's profits reach a record high in 2020
Cargolux last year recorded record profits as the loss of bellyhold operations boosted demand for all-cargo aircraft.The freighter operator, which last year celebrated its 50th anniversary, achieved a 3745% year on year increase in net profits to $768.7m. Its previous record was $211.2m in 2018.Cargolux also recorded revenues of $3.17bn ...
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NewsGerman airfreight market registers 22% decline in 2020
Last year, in the wake of the coronavirus pandemic, global airfreight traffic fell by 10.6% year on year, according to IATA; this is the biggest decline since records began in 1990.But how did the year go for market participants in Germany? How did the top 10 airfreight forwarders and airlines ...
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NewsDB Schenker takes aim at pharma and ramps up Cargolux freighter partnership
DB Schenker is setting up a new healthcare service portfolio called DB SCHENKERlife+ and has also joined up with Cargolux to launch a weekly full charter freighter connection between Luxembourg and Indianapolis, starting in January 2021.Cargolux’s initial service between its home base in Luxembourg and the Indiana capital was inaugurated ...
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NewsCargolux renews with Siginon at JKIA
Cargolux has renewed its ground handling contract with Siginon Aviation at Nairobi’s Jomo Kenyatta International Airport (JKIA).The renewal of the handling deal on an open ended basis marks the continuation of a 20-year old business partnership between the two companies.Siginon Aviation is based in Kenya with two cargo centers in ...
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News
Cargolux looking ‘very closely’ at 777-300ER freighter conversion
Cargolux is examining the Boeing 777-300ER freighter conversion programme as a candidate to meet its future fleet requirements, according to the airline’s chief executive Richard Forson.The European cargo operator – whose fleet of 30 747s were all line-built freighters – is considering two scenarios for future aircraft orders, Forson explained ...
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NewsCargolux expands in China with Shenzhen frequency
Cargolux has added Shenzhen to its network as it looks to strengthen its presence in China.The freighter operator said the weekly frequency is routed Luxembourg-Bangkok-Shenzhen before returning westbound to Luxembourg via Bangkok with an additional stopover in Budapest.Shenzhen is Cargolux’s sixth destination in mainland China."Shenzhen is China’s fourth busiest and ...
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NewsCargolux paints surgical mask on nose of B747-8F
Cargolux has updated the livery of one of its Boeing 747-8 freighters to include a surgical mask on the nose door.The paint scheme is intended to highlight the "airline’s commitment to the fight against Covid-19", Cargolux stated.It also features the words “not without my mask” on the side of the ...