All articles by Damian Brett – Page 97
-
News
Lufthansa Cargo breaks more records in Q1
Lufthansa's cargo business continued to report record performance in the first quarter of the year as it benefitted from additional capacity and higher rates.The Germany-based airline’s logistics division, which includes Lufthansa Cargo, Jettainer, time:matters and its investment in AeroLogic, saw first quarter revenues reach a record for the period of ...
-
News
Atlas Air revenues improve despite volume decline
Atlas Air Worldwide reported improvements in revenues during the first quarter of the year despite a decline in volumes.The freighter lessor and operator saw first-quarter revenues increase by 20% on last year to $1bn, adjusted earnings before interest, tax, depreciation, amortisation (ebitda) increased 11.9% to $202,814 but net income dropped ...
-
News
WFS Heathrow cargo handlers consider new pay offer
Worldwide Flight Services (WFS) Heathrow Airport cargo workers are considering a new offer from management following a dispute over pay.Unite the union said that WFS cargo workers at Heathrow were weighing up the new pay offer after 84% voted to authorise strike action in ballot running from April 13 to ...
-
NewsAir Cargo News Awards entry deadline extended
In response to high demand, companies now have an extra week to submit their entries for the Air Cargo News Awards.The extension means that those wishing to enter one of our nine awards categories have until May 13 to submit their entries.The awards honour and celebrate those companies that have ...
-
News
JFK animal facility ARK achieves CEIV Live Animals
Animal reception terminal the ARK at New York JFK Airport has achieved IATA CEIV Live Animals certification.The facility, which first opened its doors in 2017, said that CEIV Live Animals designation establishes baseline standards to improve the level of competency, infrastructure and quality management in the handling and transportation of ...
-
NewsCainiao deal boosts Saudia Cargo's e-commerce volumes
Source: Saudia CargoSaudia Cargo has reported a double-digit increase in e-commerce volumes since it partnered with Cainiao last year.The airline told Air Cargo News that its e-commerce volumes had increased by around 30% since last year.In March last year, Saudia Cargo and the Alibaba logistics arm teamed up on 12 ...
-
NewsDisruption continues to hit air cargo as volumes drop again in April
The air cargo industry continues to be buffeted by a range of issues that resulted in volume declines deepening in April, according to figures from CLIVE Data Services.The Xeneta-owned data provider's latest numbers show that air cargo volumes decline by 8% year on year in April following on from a ...
-
NewsEdmonton Airport's Caswell elected chairman of Pharma.Aero
Trevor Caswell. Source: Pharma.AeroTrevor Caswell of Edmonton International Airport has been elected as the new chairman of the Pharma.Aero industry group's board of directors.Caswell is manager, demand & product development (Cargo) at the Canadian Airport and will preside over the board for the next two years.He takes over from Nathan ...
-
News
Cathay Pacific to add more cargo flights as restrictions ease
Cathay Pacific has welcomed the Hong Kong government's easing of crew quarantine rules and said the adjustments will allow it to expand its cargo operations.The new rules mean that vaccinated cargo crew will no longer be required to quarantine on returning flights but will be subject to a 14 day ...
-
Insights
Supply Chain Spotlight: Logistics UK - airfreight's route to net zero
In 2021, Logistics UK launched its Route to Net Zero Commitment, with the aim of supporting its members to decarbonise their operations as quickly and effectively as possible.This pledge comes in response to the need to speed up the UK’s path to net zero by 2050, with many of the ...
-
Insights
Putzger perspective: Cargo capacity alignments
In mid-April Air France-KLM inked an order for four A350 freighters, with options on another four. Both airlines that make up the tandem have a long and proud history in cargo, but the years before the pandemic saw their freighter fleet shrink to two B777-200Fs.Airline planning horizons must extend beyond ...
-
InsightsMore expansion on the cards for Mexican freighter operator mas
Airfreight fleet expansion is surging ahead down Mexico way, with independent cargo airline mas set to operate 18 leased freighters by 2024.The Mexico-based cargo carrier mas, once part of the Latam Group but now backed by the Mexico-based Discovery Americas investment fund, is well on the way to meeting its ...
-
News
Qatar Cargo launches next stage of its WeQare charitable initiative
Qatar Airways Cargo has launched the latest "chapter" in its WeQare charitable initiative.The third part of the carrier's initiative is titled Let's Stand Together and will include a donation drive that seeks to gather donations in kind for children, from April 26 to May 10.The donation drive focuses on three ...
-
News
Airfreight rates begin to rise in April
Airfreight rates on major east-west trades began to creep back up in April following the previous month's decline, as demand began to rise in line with seasonal trends.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in April the average rate from Hong Kong to North America ...
-
News
SF Airlines freighter fleet hits 70
Fast-expanding freighter operator SF Airlines has put its 70th aircraft into action.The China-based airline put its 70th freighter - a B767-300 - into flight operation on April 29 between Shenzhen and Beijing."The established cargo route network serves the transportation of domestic and foreign epidemic prevention materials, facilitates the circulation of ...
-
NewsIAG Cargo benefits from expansion of Spain-US flights
Source: IAG CargoIAG Cargo is benefiting from a 40% increase in flights between Spain to the US since March from its airline sister companies, Iberia and LEVEL.Iberia's expanded network includes regular connectivity between Madrid and Los Angeles, Boston, and Chicago, with flights to New York and Miami departing twice a ...
-
News
DHL airfreight volumes edge up but revenues fly
DHL Global Forwarding saw its airfreight revenues jump in the first quarter of the year despite volumes increasing by a much lower amount.The forwarder's airfreight business saw revenues increase by 55.% year on year to €2.9bn. Gross profits improved by 10% to €488m but volumes were up by just 3% ...
-
News
DSV and K+N outline a complex market with higher rates to continue
Kuehne+Nagel (K+N) and DSV highlighted a complex logistics market in their recent quarterly updates, with higher freight rates to stay, softening consumer demand and ongoing supply chain disruption.K+N was the first to reveal its results, with revenues and profits continuing to surge on the back of acquisitions on higher prices ...
-
NewsAG Handling selects Qstep software for Riga operation
LtoR: Jānis Kaudze, Edgars Bars, Haiti Arendi and Gunars Peize. Source QstepLatvia-based cargo handler AG Handling SIA has chosen the Qstep air cargo handling platform for its operation at Riga International Airport (RIX).Riga is the fourth airport where the Qstep software-as-a-service platform has been deployed after Helsinki, Tallinn and Vilnius.AG ...
-
NewsShanghai PVG air cargo capacity drops by two thirds in April
Air cargo capacity out of Shanghai has been reduced to just a third of its level last year in response to the city wide lockdowns that have caused production to grind to a halt.The latest statistics from Accenture's Seabury Consulting show that in the first two weeks of April, cargo ...