All Airlines Articles – Page 102
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News
Cargojet announces strong third-quarter results
Canadian cargo airline Cargojet has announced strong third quarter 2022 results.For the three months ending September 30, the airline recorded total revenues of C$232.7m (US$170.6m), significantly up on the figure of C$189.5m (US$138.9m) made in the same quarter of last year.The revenue growth of 22.8% reflected, Cargojet said, a strong ...
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News
IAG Cargo reports mixed results
IAG Cargo has announced mixed results as it published its third quarter and year-to-date financial figures.The airfreight carrier reported revenue of €373m in the third quarter of 2022, down 7.9% on the same period of last year.However, its year-to-date revenue (January to September) reached €1,216m, up by 3.6% compared to ...
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Vietnam’s IPP Air Cargo axes launch plans
Vietnam’s IPP Air Cargo is abandoning its launch plans, apparently due to concerns about weakening demand for air cargo and an uncertain economic outlook.According to media reports from Vietnam, the board of Imex Pan Pacific Group (IPP) – IPP Air Cargo’s parent – decided on October 26 that it would ...
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Cargo offers ‘consistent’ contribution to Air Canada
In releasing Air Canada’s third-quarter results, the carrier’s president and chief executive, Michael Roussea, pointed to the fact that “Air Canada Cargo is consistently contributing to our results.”In the third quarter of this year, Air Canada generated C$644m ($472m) in operating income, with a strong operating margin of 12.1%.It was ...
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China's freighter fleet to quadruple
China’s freighter fleet is expected to quadruple in size to more than 800 aircraft in the period up to 2041, according to Boeing's 2022 Commercial Market Outlook (CMO) for China.The CMO for China predicts that the country’s growing economy will be a big factor in its commercial aircraft fleet more ...
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News
SalamAir launches freighter operations
Oman-based low-cost carrier SalamAir has launched a dedicated air cargo service and inducted its first freighter aircraft.In a LinkedIn post, the airline said it is the first airline in the Middle East to fly with the Airbus A321 passenger to freighter (P2F) conversion aircraft."The introduction of the A321 freighter by ...
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NewsMaersk Air Cargo begins operations with US-Korea service
Maersk Air Cargo has carried out its first flight from the US to South Korea. Photo MaerskMaersk Air Cargo launched operations at the end of October with scheduled flights between the US's Greenville-Spartanburg Airport in South Carolina and Incheon Airport in South Korea.The scheduled transpacific operation commenced on October 31 ...
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News
FedEx plays its part to aid the global economy
A new report looking at FedEx’s impact on the global economy found the company has played an important role in helping businesses recover from the Covid pandemic while they work to overcome strained supply chains and the many economic challenges that they face.With FedEx having an average of 16m shipments ...
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News
Lufthansa Cargo enjoys record third quarter results
Lufthansa Group said Lufthansa Cargo recorded record results in the third quarter of this year as it issued a more positive outlook for the remainder of the year than it had previously predicted.The Frankfurt-based Group made an operating profit of €1.1bn in the third quarter of this year, based largely ...
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NewsSingapore Airlines reaps the benefits of its new cargo management system
Photo: Singapore AirlinesSingapore Airlines (SIA) went live with its new Integrated Cargo Management System (ICMS) on August 1.It is powered by IBS Software's iCargo freight management platform and, according to the software-as-a-service specialist, since SIA went live with the ICMS it has benefited “approximately 1,500 users across sales, operations, and ...
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News
AAPA reports continued weakness in September cargo performance
The Association of Asia Pacific Airlines (AAPA) has reported traffic figures for September that highlight continued weakness in the region’s cargo market.International air cargo markets remained “under pressure”, the association that represents Asia-Pacific carriers, noted.It blamed export activity being hampered by depressed business and consumer confidence levels amid deterioration in ...
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News
Air France KLM purchases more than 1m tons of SAF
The Air France KLM Group has continued its sustainability drive with a deal to purchase more than 1m tons tons of sustainable aviation fuel (SAF).In total, the airline group will purchase 1.6m tons of SAF, with Neste supplying 1m tons between 2023 and 2030 and DG Fuels supplying 600,000 tons ...
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NewsHactl to handle CMA CGM Air Cargo Hong Kong services
CMA CGM Air Cargo ground services. Photo: HactlHong Kong Air Cargo Terminals Limited (Hactl) has been appointed to handle CMA CGM Air Cargo's new Hong Kong services which began in early September.CMA CGM Air Cargo, which received its air carrier certificate from the French Civil Aviation Authority in June, has ...
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NewsIAG Cargo grows sustainable operations with biodegradable film for goods
Biodegradable wrap on cargo. Photo: IAG CargoIAG Cargo is trialling new sustainable film for wrapping transported goods at its London Heathrow hub in a bid to save up to 15 tonnes of virgin polyethylene a year.100% recyclable and biodegradable by landfill, the film has been developed by German disposal company ...
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NewsMy Freighter adds B747F and plans for more
Source: My FreighterUzbekistan logistics firm My Freighter has taken delivery of its first Boeing B747-200F freighter and has plans to add five more as it looks to capitalise on Tashkent as an airfreight hub.The aircraft was delivered on October 23 to Islam Karimov Tashkent International Airport after departing from Jakarta, ...
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NewsIAG Cargo targets pharma volumes on Dublin-Miami flights
Source: IAG CargoIAG Cargo will begin offering capacity on flights between Dublin and Miami that are being re-launched by sister airline Aer Lingus.The twice-weekly flights will restart on October 21 and will utilise an A330-300 aircraft offering around 20 tonnes of capacity on each flight.From October 31, the service will ...
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News
Global Crossing Airlines moves closer to Colombia cargo charter airline
Global Crossing Airlines Group (GlobalX) is moving closer to establishing a Colombia-based ACMI cargo charter airline.GlobalX has confirmed the start of Phase 2 of the Colombia AOC (Air Operators Certificate) certification process by its subsidiary GlobalX-Colombia.Initial approval from the Colombian Civil Aviation Authority (CAA) to start the formal certification was ...
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Novo Nordisk signs up for SAF with K+N
Healthcare firm Novo Nordisk has partnered with Kuehne+Nagel (K+N) to use 12m litres of sustainable aviation fuel (SAF) for its air cargo shipments.The agreement comes as the healthcare firm has the ambition to reach zero CO2 emissions from operations and transport by 2030."With the deployment of 12m litres of SAF, ...
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Soft market conditions continue in air cargo
Soft market conditions continue in air cargo as trade worries, high inflation and new Covid lockdowns impact demand.This week's market round-ups from forwarders and analysts point to a weakening market in terms of demand, although rate declines have eased.Flexport mentioned lockdowns being introduced in Ningbo and their potential to hit ...
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NewsIAG Cargo to benefit from restart of Barcelona-Chile flights
LEVEL Airbus A330-200 aircraft. Photo: IAG CargoIAG Cargo is hoping to capitalise on the restart of sister airline LEVEL's flights between Barcelona and Chile for the first time since before the pandemic.From October 31, the route will run four times a week to Santiago de Chile International Airport to boost ...