All articles by Damian Brett – Page 183
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News
DP DHL takes a €70m hit from the coronavirus
Deutsche Post DHL took a €70m hit on its operating profits in February as a result of the coronavirus.The express, parcel and logistics giant said that it had a very good start to the year in January and was prepared for the usual effects around Chinese New Year.However, since then, ...
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News
Heathrow third-runway plans hit by court ruling
The UK’s court of appeal has today ruled that plans for a third runway at London Heathrow airport are unlawful because they do not take into account government commitments relating to climate change.”We have concluded, in particular, that the designation of the [plans] was unlawful by reason of a failure ...
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News
CargoLogicAir confirms suspension of services as China crisis takes its toll
UK freighter operator CargoLogicAir (CLA) has confirmed to Air Cargo News that it has suspended operations as its exposure to China took its toll.In a short statement, the B747 operator – and the UK's only maindeck freighter operator – said that "due to the latest market development, specifically the drastic ...
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News
Market talk: CargoLogicAir suspends operations?
Rumours continue to circulate that UK-based freighter operator CargoLogicAir has suspended operations.Some reports have suggested that the company is being wound down as a result of market conditions and the financial outlook.Others have been in touch to suggest that the airline had been issued with a level one audit finding ...
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News
DSV Panalpina confirms thousands of jobs to go as integration continues
Freight forwarder DSV has confirmed to Air Cargo News reports that suggest thousands of jobs will be cut as a result of the integration of Panalpina.A spokesperson confirmed a Wall Street Journal article that stated headcount would be reduced by between 3,000 to 4,000 during the integration of the two ...
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News
Atlas Air expects China demand surge over coming weeks
Atlas Air Worldwide is expecting a surge in cargo over the coming weeks as Chinese factories continue to return to full operation following the extended Chinese New Year holiday closure.Speaking shortly after announcing its fourth quarter results, chairman and chief executive John Dietrich said that the group was getting a ...
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NewsCargolux, Lufthansa and DSV Panalpina increase China freighter services
Cargolux B747-8FCargolux, Lufthansa and DSV Panalpina will increase freighter capacity to China over the coming weeks as production lines resume operations.The move comes as freighter operators brace for a spike in demand from China as a result of passenger airlines cutting services due to low demand and factories slowly starting ...
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NewsSwissport achieves CEIV pharma first for Africa
Swissport Nairobi Pharma Center openingSwissport has become the first globally operating air cargo handler to receive the CEIV Pharma certification for a facility in Africa.The International Air Transport Association (IATA) awarded Swissport’s warehouse operations at Nairobi’s Jomo Kenyatta International Airport with the pharma standard.“We are very pleased to officially open ...
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News
Qatar Cargo freighters join coronavirus relief efforts
Five Qatar Airways Cargo freighters departed to China today carrying approximately 300 tonnes of medical supplies donated by the airline to support coronavirus relief efforts.The five flights departed one after the other bound for Beijing, Shanghai and Guangzhou as part of Qatar Airways’ voluntary offer of free air cargo transportation ...
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News
Airlines' revenues set to take a $30bn hit due to coronavirus
Airline revenues could take a $29.3bn hit as a result of the coronavirus outbreak, according to IATA’s latest assessment.IATA said that the coronavirus could cause demand for air travel to fall for the first time since the global financial crisis, with operators in Asia-Pacific hardest hit.Based on a scenario where ...
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News
Cargojet revenues buoyed by record peak season
Cargojet recorded a 7% year-on-year increase in revenues in 2019, helped in part by a strong end to the year.The Canada-based freighter operator saw revenues for 2019 reach C$486.6m, adjust earnings before interest, tax, depreciation and amortisation (EBITDA) were up 21.9% to C$119.2m but net earnings were down 42.6% to ...
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News
Atlas Air parks up B747Fs as market conditions take their toll
Atlas Air has parked four of its B747-400 converted freighters and plans to reduce the use of more widebody aircraft as it reports a loss for 2019.The aircraft lessor’s full-year results show a net loss of $293.1m, while revenues rose slightly to $2.7bn from $2.6bn a year earlier.The company said ...
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News
SF Airlines resumes European flights for coronavirus shipments
China's largest freighter operator SF Airlines has resumed flights to Frankfurt Hahn ahead of schedule in order to meet demand for medical supplies following the coronavirus outbreak.The airline said that its Wuxi-Chongqing-Hahn-Wuxi service restarted on February 14 following the extended Chinese New Year holiday break."At present, the demand for the ...
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News
Lufthansa Cargo partners with portal Fleet for booking and tracking
Online cargo portal Fleet will become one of the first companies to connect into Lufthansa Cargo's latest booking and Application Programming Interfaces (APIs) for booking and tracking.The Frankfurt hubbed carrier said that it would connect with Fleet through its new smartBooking API to simplify the portal's customers' ability to quote ...
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News
Bloomberg: HNA airline assets could be put up for sale
Reports suggest China could be about to take over troubled conglomerate HNA and sell off its airline assets.Bloomberg yesterday reported that the government of Hainan, where the company is based, is in talks to "seize control" of HNA.Quoting sources, the news wire said that the majority of airline assets would ...
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NewsAir France KLM cargo revenues take a hit in 2019
The Air France KLM group saw its cargo revenues drop last year as market overcapacity took its toll on performance.The Franco-Dutch airline group saw total cargo revenues for the year drop by 5.9% to €2.1bn on the back of a 2.3% drop in volumes to 1.1m tonnes.Its cargo load factor ...
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News
Pim and Barrera set to join Menzies Aviation
Menzies Aviation has made two new appointments to its US business: Edward Pim joins as chief operating officer and Raul Barrera as senior vice president, sales and operations.Both Pim and Barrera will be based in Dallas-Forth Worth and report to John Redmond, executive vice president Americas.Pim joins Menzies Aviation from ...
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News
US agriculture exporters hit by coronavirus related air cargo shortage
US agriculture exporters are being affected by a lack of airfreight capacity due to the coronavirus outbreak.The US Department of Agriculture said that the industry is suffering from systematic delays to shipping and air cargo as airlines cut capacity and shipping line services are disrupted by quarantine measures in certain ...
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NewsDnata joins Cargo iQ as it takes aim at performance monitoring
Ground handler dnata has joined Cargo iQ as a full member as it looks to help improve the monitoring of cargo performance across the supply chain.The Dubai-headquartered ground handler’s stations in the UK and the Netherlands were previously members on an individual basis.Cargo iQ’s membership is made up of stakeholders ...
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News
Qatar Airways lifts IAG stake to 25%
Qatar Airways has increased its shareholding in British Airways and Iberia parent IAG from 21.4% to 25.1%.The Doha-based carrier initially took a stake in IAG at the start of 2015, before increasing it to just over a 20% in 2016.“Our investment to date has been highly successful and the announced ...