Business

Icelandair Group cargo division edges back into operating profit

Icelandair Group has recorded an improvement in its cargo operation, with a return to operating profit in the first quarter….

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My Freighter gets green light for China flights

Uzbekistan-based carrier My Freighter will add China to its network after being being authorised for flights in the country. The…

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Maersk Air Cargo applies for UK operating license

Maersk Air Cargo has applied for an operating license from the UK Civil Aviation Authority. The application, made on April…

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Three airlines vying for Asiana Airlines’ cargo business

Three low cost airlines are reportedly in the running to buy Asiana Airlines’ cargo business as part of conditions for…

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Freighter demand is bright spot for Cargolux in 2023

Luxembourg-headquartered cargo airline Cargolux boosted its 2023 results with demand for dedicated freighter capacity, despite lower demand and rates in…

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DSV airfreight volumes up 2.3% in Q1 but profit falls with rates

DSV’s airfreight volumes benefited from strong demand out of Asia in the first quarter of the year, although revenue and…

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UPS revenue drops 5% in Q1

Express services giant UPS recorded consolidated revenue of $21.7bn in the first three months of this year, a 5.3% fall…

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Finnair’s cargo revenue and yields fall in first quarter of this year

Finland’s flag-carrier Finnair has blamed lower cargo revenue and yields as among the reasons for declining overall revenue earned in…

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K+N sees airfreight turnover and profits fall in first quarter

Both airfreight-related turnover and profit fell year on year in the first quarter of 2024 for Kuehne+Nagel (K+N), contributing to…

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Stricter air cargo monitoring “not a concern”

Air cargo stakeholders are not concerned about the prospect of increased industry scrutiny following recent aircraft manufacturing-related safety incidents. During…

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