All Airlines Articles – Page 109
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News
Shift back to ocean from air as rates lower and port problems ease
Over the last two years the air cargo industry has benefitted from a modal shift from ocean to air but leading forwarders have indicated that the trend started to reverse in the second quarter.CH Robinson and DHL Global Forwarding said that during the second quarter there was a shift back ...
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Volga-Dnepr Group to cut ABC and Atran pilot numbers
The Volga-Dnepr Group is to layoff most of its pilots flying Boeing aircraft for subsidiary cargo airlines AirBridgeCargo and Atran.In response to a report in RBC , a contact at the airline confirmed to Air Cargo News that the Group is looking to reduce pilot numbers.According to the report, around ...
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NewsAir cargo demand drops again in July as dark clouds gather
Air cargo demand fell for the fifth month in a row in July as the industry continues to face a "multitude of disruptions", according to CLIVE Data Services.The Xeneta-owned data provider said that during July air cargo demand dropped by 9% year on year and the dynamic load factor - ...
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News
Lufthansa Cargo expands network with additional freighters
Lufthansa Cargo is adding new flights to its all-cargo network as it continues to take delivery of freighter aircraft.The Frankfurt-hubbed carrier will add another B777 freighter into service at the end of the month, while a second A321F will begin flying in October.Lufthansa Cargo said delivery of the aircraft will ...
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News
Cathay Pacific aims for two thirds of pre-pandemic cargo capacity by the end of 2022
Cathay Pacific Cargo aims to progressively increase "cargo flight capacity to 65% of the pre-pandemic level by the end of 2022" but it is currently still hampered by quarantine requirements.The carrier's long-haul freighter capacity has been restricted by pandemic measures which only began to be eased in May.Cathay Pacific Cargo ...
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News
Cargo expansion helps Titan Airways to narrow losses
The delivery of new cargo aircraft helped UK-based freighter operator Titan Airways to narrow its losses and record revenues for the last financial year.For the 2021/2022 financial year running to March, the company reported record revenues of £121.1m, an increase of 110.1%, gross profits improved to £4.6m from a loss ...
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News
Maersk Air Cargo moves closer to operations with Asia-US test flight
Maersk Air Cargo is moving closer to operations with a test flight following its launch in April."In preparation for our new Maersk Air Cargo services between Asia and USA, we are operating a special demonstrator flight on 8/31 PM ex ICN (Incheon, Korea) arriving GSP (Greenville Spartanburg, SC) 9/1 AM ...
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NewsAir France KLM Cargo charges up with solar car flight
Source: Air France KLM CargoAir France KLM Martinair Cargo (AFKMP) has taken part in a project to fly a solar-powered car that is taking place in South Africa's Sasol Solar Challenge.The Nuna 11s car was developed by the Dutch Brunel Solar Team from Amsterdam's Delft University of Technology and will ...
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News
ATSG sees revenues rise but profits fall in Q2
Freighter lessor ATSG saw its revenues rise but profits fall in the second quarter of the year as it faced higher costs, but benefited from more flying.The Wilmington-headquartered company reported a 24% year-on-year increase in second-quarter revenues to $510m, operating income for the period was down 16.6% to $70.5m and ...
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Atlas Air sees profits slide in Q2 as costs rise
Atlas Air Worldwide, which yesterday announced it is being acquired in a $3bn deal, saw volumes and profits take a hit in the second quarter while revenues improved.The company saw revenue grow to $1.2bn in the second quarter of 2022, compared with $990m last year, volumes totaled 83,922 block hours, ...
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NewsLATAM Cargo adds its latest freighter
Source: LATAM CargoLATAM has added another converted freighter to its fleet as it continues to expand its presence on the transatlantic.The freighter is the fourth of five freighter conversions it is due to receive this year and brings its total all-cargo fleet to 15 aircraft.The carrier is due to add ...
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News
Atlas Air Worldwide to be acquired in $3bn takeover
Freighter firm Atlas Air Worldwide has entered into a definitive agreement to be acquired by an investor group in an all-cash transaction with an enterprise valuation of approximately $5.2bn.The takeover is led by funds managed by affiliates of Apollo, affiliates of JF Lehman & Company, and Hill City Capital.Under the ...
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NewsLufthansa Cargo revenues surge despite volume drop
Lufthansa's logistics division saw revenues and operating profits increase again in the second quarter of the year despite a small drop in cargo volume.The division, which includes Lufthansa Cargo, time:matters, Jettainer and the company's share of AeroLogic, saw its second-quarter revenues increase by 45% year on year to €1.3bn, while ...
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News
IATA: Air cargo demand declines narrow in June
Air cargo volumes were down again in June, although the level of decline eased compared with recent months as Covid restrictions in China began to be lifted.The latest statistics from IATA show that air cargo traffic in June was down 6.4% in cargo tonne km (CTK) terms compared with a ...
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NewsVirgin Atlantic Cargo approves use of Releye ULD
Source: Virgin Atlantic CargoVirgin Atlantic Cargo has approved the use of Envirotainer’s Releye RLP and RAP containers on its aircraft as part of efforts to develop its pharmaceutical and life science offering.The airline said that the container offers live tracking of location as well as temperature, humidity and product condition, ...
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NewsEtihad Airways firms up order for seven Airbus A350F freighters
A350F Etihad Cargo. Photo: AirbusEtihad Airways has firmed up its order with Airbus for seven new generation A350F freighters as it looks to meet ongoing cargo demand growth.The carrier announced its intention to order the aircraft at the Singapore Airshow in February but today confirmed the deal.Tony Douglas, group chief ...
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News
Global Crossing Airlines signs deal with Icelease for conversion and lease of Airbus A321
Global Crossing Airlines Group (Global X) has signed a definitive agreement with Icelease to convert an Airbus A321 aircraft into freighter format to be leased to GlobalX for eight years.The aircraft (MSN 2840) is currently flown by GlobalX in passenger configuration and will be converted at a Precision Aircraft Solutions ...
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InsightsMaindeck expansion positions Air Canada for cargo growth
US passenger airlines with global networks have long since shed their maindeck freighter fleets but north of the border there is a renaissance of the combination carrier business model.Air Canada Cargo has an order book for two production Boeing B777Fs, two production line B767 freighters and eight of its passenger ...
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InsightsCargo airlines weather the storm of fuel price hikes
The cost of fuel has been a pain point in the aviation industry throughout 2022, but air cargo carriers have tackled the challenge with tenacious determination.Expensive fuel is not a new phenomenon, however, a perfect storm of economic and political issues has seen prices continue to rise this year until ...
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NewsAir Canada Cargo to add B777 freighters
Source: Air CanadaAir Canada will add B777 freighters for the first time as it continues to expand its presence in the all-cargo market.The carrier today announced an order for two factory-built B777Fs to enter into service in 2024.The order comes as Air Canada has been investing in converting its B767 ...