All News articles – Page 349
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News
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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NewsCargolux revenues and profits take a hit in 2019
In its full-year results for 2019, Cargolux revealed that revenues decreased 14% year on year, from $2.6bn in 2018 to $2.4bn in 2019.Cargolux said this was due to lower load factors and yields coupled with lower fuel surcharge revenues as a result of declines in the price of fuel.Meanwhile, earning ...
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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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IAG preliminary results give insight into Covid-19 impact
International Airlines Group (IAG), parent company of IAG Cargo and British Airways, has announced its preliminary results for the first quarter of 2020, ahead of the full results which will be released on May 7.Commenting on ebit, IAG said: "The operating result in the first two months of 2020 was ...
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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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Turkish Cargo achieves all three IATA CEIV certifications
Turkish Cargo has become the first cargo airline to achieve all three of IATA's CEIV certifications: Pharma, Fresh, and Live Animals.The certifications, which are valid for a three-year period, reflect Turkish Cargo's capability of handling pharmaceutical cargo, perishables and live animals at its facilities and on its flights, to IATA's ...
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ULD exchange skypooling reports 'significant increase' in usage
Online ULD exchange Skypooling is experiencing a "significant increase" in inquiries.The number of offered and asked for ULDs has increased by around 40% since the beginning of the year, the company said.Christine Klemmer, general manager of Skypooling, said: "We are currently registering overstocks of ULDs in many places, but about ...
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UPS: Covid-19 weighed on Q1 results
UPS has said that Covid-19 weighed on its first quarter results for this year.In its consolidated results, UPS's revenues increased by 5% to $18bn, "driven by growth in business-to-consumer shipments and gains in healthcare".The company's net income, which "included material headwinds due to disruptions from the coronavirus pandemic, higher self-insurance ...
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NewsGEFCO Air and Sea to open new Amsterdam facility
SEGRO Logistics Centre SchipholLogistics firm GEFCO will open a new Amsterdam warehouse near Schiphol, in June, to support expansion in its air and sea business operations.The 7,000 sq m facility will provide storage and transport management services for customers across the high tech and home equipment; aerospace and defence; automotive; ...
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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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SkyCell set to expand in the US and Asia following investment
Pharma container firm SkyCell has raised $62m in growth funding round that will be used to expand its presence in Asia and the US.The investment was led by MVM Partners together with a consortium of family offices and a leading Swiss insurance company.Existing investors including the Swiss Entrepreneurs Fund managed ...
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NewsCorporate jet firm adds cargo services
Corporate jet charter firm KlasJet has added cargo services to its portfolio by collaborating with cargo airline BlueBird Nordic.KlasJet will utilise BlueBird Nordic's recently acquired Boeing 737-300 (LY-MRN) to carry out cargo services.KlasJet’s cargo services will include transportation of the majority of items, including automotive parts, furniture, electronics and kinds ...
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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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NewsDAKOSY goes mobile with new app
Software company DAKOSY is expanding the INFr8 air cargo portal to include a mobile application for the processing of shipment data.Beginning in May, customers will be able to use the so-called INFr8 app, available for Android and iOS devices, which is an extension of the original platform which was developed ...