Freighter operators – Page 208
-
News
AsiaPac and North American origin cargo drives September surge
Air cargo’s worldwide dollar revenues grew six per cent in September, spurred on by the origin markets of Asia Pacific (+7.7 per cent) and North America (+6.6 per cent), says independent research house WorldACD.Netherlands-based WorldACD, using primary data supplied from airlines, added that while global air cargo volumes increased 6.6 ...
-
News
Drewry east-west price index hits peak for year
Drewry’s East-West Air Freight Price Index rose by 11.9 percentage points in October to a year-peak of 115.6 points.The latest increase was the result of "strong peak season demand and tighter capacity conditions," with rates for eastbound transpacific rising particularly fast, indicative that pricing on that route was inflated somewhat ...
-
News
October bounce prompts 2014 optimism
October’s air cargo growth, better than 2013, is prompting the view that 2014 will become the second-best year for revenues since 2008, despite a 10.4% yield drop since 2011, the best post-crisis year to date.The latest monthly update from Netherlands-based research house WorldACD Market Data said: “Until October came along, ...
-
News
IATA stats: October growth continues but caution prevails
IATA’s October air freight data for October presents a mixed picture, as strong route development by Middle East carriers and demand for Apple’s iPhone 6 out of Asia were countered by economic concerns in Europe and Africa.Overall global volumes were up 5.4% in October compared to a year ago, an ...
-
News
IATA figures find fair weather for freight flow
IATA’s November Airlines Financial Monitor finds good news for much of the air cargo sector as freight volumes continue to expand steadily and load factors improve on the back of growth in demand.Air freight volumes increased in October compared to September, with recent improvements driven by progress in Asia Pacific ...
-
News
IATA: solid volume gains
Air freight volumes are showing solid gains on a year ago, supported by improving trade growth in some regions, but weakness in load factors and yields continues to place downward pressure on financial performance.That was the message from the latest cargo e-Chartbook from airline association IATA, covering the fourth quarter ...
-
News
Tonnage up but rates to shrink in 2015 says IATA
Senior cargo executives at IATA member airlines are predicting that global air freight tonnage will increase next year at its fastest rate since 2010. Yet rates are likely to shrink by a further 5.8 per cent in real terms, intensifying pressure on margins.Brian Pearce, IATA chief economist, told a media ...
-
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
Drewry: East-West airfreight rates in retreat
Air freight rates retreated from their November high as peak season demand receded.Drewry’s East-West Air Freight Price Index fell 12.6 points in December to 108.2 points, bringing the index down closer to seasonal norms.This brought to an end six consecutive months of rising pricing in which the index had gained ...
-
News
Happy new year in Asia Pacific
International cargo tonne-km rose seven per cent in January 2015 compared with the same month last year, said the Association of Asia Pacific Airlines (AAPA) in its latest preliminary traffic figures.Business was boosted by increased import-export activity in the run-up to the Chinese Lunar New Year, said AAPA.The association noted ...
-
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
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
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
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
Rapiscan wins lithium battery detection project
Rapiscan Systems has won a UK contract to determine whether the presence of lithium batteries in air cargo shipments can be detected automatically.The contract for the US-based security inspection specialist comes from the UK Civil Aviation Authority (CAA) and is supported by Department for Transport funding.It calls for Rapiscan to ...
-
News
Qatar adds belly capacity to Perth with B777-300
QATAR AIRWAYS is to increase belly capacity on its Perth, Australia, route by switching from using a B777-200 to a larger B777-300 version, writes Thelma Etim, deputy editor.The aircraft upgrade on the Middle East carrier’s second Australian destination (the first was launched in Melbourne in 2009) will come into effect ...
-
News
Cathay warns on market overcapacity
Cathay Pacific has warned about continued overcapacity in the cargo market despite the Hong Kong-based group notching a 3.4 per cent rise in freight revenue to HK$11.6 billion in the first half 2014.In a results statement Cathay said of its cargo business: “Overcapacity in the industry remains a major concern ...
-
News
IAG Cargo: open to opportunities
FRESH from signing its block space programme on Qatar Airways freighters, IAG Cargo is prepared to “explore other opportunities” in terms of carrier partnerships.Steve Gunning, chief executive of the British Airways and Iberia cargo arm, says that the deal with Qatar Airways - sharing five-weekly B777F flights from Hong Kong ...
-
News
ATSG' revenue uptick
A boost in US military contracts and aircraft maintenance services saw aircraft lessor Air Transport Services Group (ATSG) record an eight per cent rise in revenues to $149.6 million for the 2014 second quarter.Joe Hete, president and chief executive of US-based ATSG, said: “The second quarter provided strong evidence of ...