All Coronavirus articles – Page 8
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News
Global health crisis and acquisition impact DSV Panalpina Q1 results
DSV Panalpina saw revenues and airfreight volumes increase in the first quarter of the year, thanks to its acquisition of Panalpina, while the coronavirus outbreak had a negative impact on results."The financial performance in Q1 2020 was impacted by both the integration of Panalpina and the Covid-19 situation, the latter ...
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Forwarders' air divisions predicted to be hit hardest by Covid-19
The freight forwarding market could contract by more than 7% this year as a result of the coronavirus outbreak, according to a worst case scenario projection from consultant Transport Intelligence (Ti).A white paper published by Ti also predicted that the air cargo part of forwarders' businesses could take the hardest ...
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Emirates SkyCargo: coronavirus outbreak the biggest challenge faced by air cargo
The current coronavirus outbreak is the biggest crisis ever faced by the air cargo industry, according to Nabil Sultan, divisional senior vice president of Emirates SkyCargo.Speaking to Air Cargo News, Sultan said the outbreak had been more of challenge than all the previous crisis, such as the Icelandic volcano eruption, ...
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Swissport notes solid 2019 but warns of tough times to come
In its 2019 full-year results, Swissport has announced that its performance last year was "roughly on par with the previously year".Swissport achieved an operating ebitda of €272.3m throughout 2019, which compares with €273.2m achieved in 2018.The company's revenue increased 4.7% year on year, from €3bn in 2018 to €3.1bn last ...
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NewsFigures highlight extent of air cargo's move to freighters
The latest figures from WorldACD have confirmed expectations of a near 20% decline in cargo demand in March, but have also highlighted the extent that the industry has increased its use of freighter aircraft since the coronavirus outbreak.Figures from the data provider show that the number of flights performed with ...
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Asian airlines record a 20% drop in cargo demand in March
Airlines in the Asia Pacific region saw cargo traffic decline by 21.1% year on year in March as the effects of the coronavirus began to bite.Statistics from the Association of Asia Pacific Airlines (AAPA) show that while demand dropped in March by more than 20% on a year earlier, capacity ...
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IATA: Governments must 'cut red tape' to bridge capacity shortfall
In its latest air cargo analysis, IATA has drawn attention to the capacity crunch — a knock-on effect of the coronavirus pandemic — and it has urged governments to "cut the red tape" when it comes to measures being taken to reduce the capacity shortfall.Alexandre de Juniac, IATA’s director general ...
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Virgin Atlantic to offer 90 cargo flights per week in May
Virgin Atlantic plans to operate 90 cargo flights per week in May as production begins to restart and coronavirus-related demand continues.The UK airline said that the move would cater for prime freight markets in the US, Hong Kong and China, India, Israel and South Africa.Virgin Atlantic said that it had ...
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TIACA: African air cargo sector faces capacity shortage
TIACA has raised its concern that the air cargo sector in Africa could be hit with a capacity shortage on European operations.The organisation, quoting figures from CLIVE Data Services, said that there had been a 70% drop in cargo capacity to Europe compared with a year earlier.TIACA said it is ...
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Caribbean Airlines launches cargo charter operation
Caribbean Airlines has introduced cargo charter services to support supply chains within the Caribbean region.The airline said it had launched the operation to meet the growing demand for cargo uplift to a number of Caribbean islands, which are now experiencing significantly reduced cargo capacity with the closure of borders to ...
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Air cargo rates from Hong Kong surge
Airfreight rates out of China continued to climb last week, while prices from Hong Kong were also on the up as shippers looked to tranship through the world's largest air cargo hub.The latest figures from TAC Index show that last week average air cargo rates from Shanghai to North America ...
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SWISS mulls passenger seat removal to boost cargo capacity
SWISS is considering removing the economy passenger seats from twelve of its Boeing 777-300ER aircraft to meet the increasing demand for airfreight capacity.The modifications would help to maintain Switzerland's global supply chains and ultimately ensure consistent and regular goods deliveries to and from the country.SWISS and its Swiss WorldCargo division ...
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NewsWorld's largest aircraft transports 10m face masks to Germany
AN-225 brings PPE to Leipzig/HalleThe world’s largest aircraft — the An-225 (Mriya) — has carried out a flight for Germany's armed forces carrying more than 10m face masks to Germany as part of the country's coronavirus relief efforts.The six engine aircraft landed at Leipzig/Halle Airport on Monday morning, from China, ...
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NewsEmirates SkyCargo outlines Covid-19 safety measures at its handling facilities
Emirates SkyCargo tunnelEmirates SkyCargo has given an update on its operations as the coronavirus pandemic continues.The carrier is currently operating scheduled flights on its Boeing 777-F and Boeing 777-300ER aircraft to almost 60 global destinations.Emirates SkyCargo is also playing its role in the fight against Covid-19 by transporting essential medical ...
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NewsK+N airfreight volumes slide in Q1 as Covid-19 takes its toll
Kuehne+Nagel (K+N) saw its airfreight volumes, revenues and operating profits decline in the first quarter of the year as the coronavirus outbreak took its toll on performance.The Switzerland-headquartered freight forwarder's airfreight business saw first-quarter revenues fall 6.8% to SFr1.1bn. Meanwhile, earnings before interest and tax (ebit) was down 5.8% to ...
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Air France KLM Martinair Cargo expands airfreight services
Air France KLM Martinair Cargo (AFKLMP) is expanding its cargo services by adding new destinations, frequencies and improved charter solutions.This week AFKLMP increased its flight frequency to Johannesburg, Bangkok, Beijing and Shanghai.In the coming weeks, the carrier will restore operations to Houston and increasing flight frequency to Bamako, Ouagadougou, Chicago, ...
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Shippers spotlight: how air cargo is helping in the fight against Covid-19
My last column for Air Cargo News – the effects of sustainability on capacity and growth – seems like a distant memory.Sustainability, while still vitally important, is probably not the top priority of the air cargo sector right now, and may not be for many months to come. Right now, ...
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NewsChapman Freeborn and Avion team up on A320 and A321 freight flights
Avion Express and Chapman Freeborn team up on cargo flightsCharter broker Chapman Freeborn has been utilising the A320 and A321 aircraft of sister company Avion Express to meet demand for the transport of medical supplies.The two companies have worked together and received all the required approvals to operate cargo-only flights ...
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CargoLogicAir confirms plans to restart flights today
Stansted-based freighter operator CargoLogicAir (CLA) will restart flights later today following the lifting of its Air Operator Certificate suspension yesterday.A CLA spokesperson told Air Cargo News that it would initially fly from China to the UK to carry supplies of Personal Protective Equipment (PPE) but it would be able to ...
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CargoLogicAir set to restart services with two B747Fs
CargoLogicAir has had its operating licence and air operator certificate (AOC) suspension lifted in order to restart flights.In a short statement, the UK's Civil Aviation Authority said that the airline would provide flights carrying medical supplies using two Boeing 747 freighters.At its own request, the airline had its AOC suspended ...