All Airlines Articles – Page 233
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News
IATA survey of airline and cargo bosses saw Q2 profits rise
An IATA survey found that more than three-quarters of airline chief financial officers and heads of cargo indicated that profitability increased in the second quarter of 2017 compared to the same period of 2016.However, IATA added that the first quarter may have marked the bottom of the industry profitability cycle.The ...
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News
American Airlines expands European trucking as global Q2 revenues soar
American Airlines Cargo has expanded and extended its European trucking network this summer.News of the European road feeder boost came as the US carrier announced its second quarter 2017 group results, which saw cargo revenue across the global network up by 13.1% to $196m, due to a 15.1% increase in ...
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News
Flying fish: Turkish Cargo provides Pearls of the Aegean for Kuwait dining tables
Turkish Cargo is now accepting fresh fish shipments on its direct Bodrum-Kuwait passenger flights as part of a sameday perishables supply chain to serve the appetites of consumers in the Middle East country.The Turkish carrier said that it is offering the service after requests from the Aegean Region, where three ...
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News
Second quarter cargo surge for IAG
British Airways, Aer Lingus and Iberia parent group IAG had a strong cargo second quarter as airfreight revenues at the European group soared by 7.9% to €260m against the same quarter of 2016, or an increase of 7.6% on 2016 at constant exchange.IAG's half year 2017 results saw cargo revenues ...
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NewsAsia Air Cargo Monthly: Strong freight demand expected to continue
Asian airlines continued their bumper start to the year in June and expectations are that cargo demand will remain strong for the rest of 2017.The latest Asian airline figures show robust cargo demand in June, with the Association of Asia Pacific Airlines reporting a 10% increase in freight tonne kms ...
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News
Delta, Air France KLM, Virgin and China Eastern deepen partnerships with equity deals
Air France KLM, Delta Air Lines, Virgin Atlantic and China Eastern have revealed plans for a major strengthening of their partnership that will involve the airlines making more equity investments.In an announcement, the carriers said that Air France KLM will acquire a 31% stake in Virgin Atlantic for around £220m.The ...
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News
Shawn Cole named vice president of Delta Cargo
Shawn Cole has been named as vice president of Delta Cargo, after the division's president took on the extra responsibility of airport customer service earlier this year.“Shawn is a solutions-driven Delta executive of nearly 10 years,” said Gareth Joyce, president – Delta Cargo and senior vice president – airport customer ...
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News
Dynamic airfreight pricing, what it means for shippers and forwarders
Posted airfreight rates with promotions change about once a month, on average. When airlines make the shift to dynamic pricing, rates change constantly, driven by excess capacity and diminishing time before departure, writes Manel Galindo* of Freightos.Once the majority of airlines make this shift to dynamic pricing, our industry will ...
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Etihad Airways registers $1.8bn loss in 2016 as cargo comes under pressure
Etihad Airways saw its cargo revenues drop by 10% last year despite an increase volumes, while the overall company slipped to a $1.8bn loss.The Abu Dhabi-hubbed airline recorded cargo revenues of $900m in 2016 compared with a $1bn in 2015. This came despite a 0.8% increase in cargo volumes to ...
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News
VIDEO: Improving air cargo security in the US
The US air cargo industry has been debating how it believes the sector can make supply chains more secure (see video at end of article).Air cargo participants presented their thoughts on air cargo security to a Homeland Security subcommittee chaired by Republican John Katko.President of the Cargo Airline Association Stephen ...
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News
IAG Cargo to offer time-critical service for pharma shipments
IAG Cargo has announced that it will expand its time-critical service to include pharma shipments.The airline group, which includes British Airways, Iberia and Aer Lingus, said that following successful trials of its Constant Climate Critical service across India, the UK and Europe, IAG Cargo is rolling out this new offering ...
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News
Cobalt Air appoints AIA Cargo as worldwide GSA
Cyprus-based airline Cobalt Air has appointed Airbridge International Agencies (AIA Cargo) as its worldwide cargo general sales agent (GSA).A spokesperson for the low cost carrier said: "The appointment marks another positive milestone in the development of Cobalt Air, Cyprus’ fastest growing airline, and will enable the airline to generate additional ...
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Airlines appeal European Commission's cartel fines of €776m
The European Commission (EC) faces a further appeal by eleven airlines over its March 2017 decision to re-adopt a previous ruling and to impose fines totalling more than €776m on the carriers for operating a price-fixing cargo cartel between 1999 and 2006.KLM, British Airways, Lufthansa and eight other carriers have ...
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News
KLM boss Elbers in high profile support of airfreight and freighters
Cargo can often be the forgotten partner of its passenger counterpart, but not at KLM, where the Dutch airline’s president and chief executive, Pieter Elbers, is fully behind the freight division.Elbers struck a high-profile when KLM-Martinair opened its new sort centre at Amsterdam’s Schiphol airport, a “tens of millions” euro ...
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Airfreight prices climb in June but growth rate narrows
Global average airfreight rates continued to track ahead of last year’s levels in June, but the rate of improvement has slowed compared with a month ago.The latest Sea and Air Shipper Insight report from Drewry shows that average all-in buy rates across 21 major east-west trade lanes increased by 1.1% ...
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News
A new book on ULD handling and safety
ULD CARE, a not-for-profit Canadian corporation, has published a new book, ULD Explained, aimed at promoting the correct handling of unit load device (ULD) containers.The book, available in eBook and hard copy formats, will promote greater awareness of the flight safety contribution of ULDs, the need for correct handling of ...
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NewsEuropean air cargo monthly: Fidget spinners help IAG to double-digit growth
Air cargo demand at some of Europe’s major airlines continued to grow at a high level in June, with double-digit percentage improvements at IAG Cargo, helped by the fidget spinner craze.The latest monthly traffic statistics released by airlines show that in June IAG Cargo, which includes British Airways, Iberia and ...
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UPS supersizes in Salt Lake City
UPS is to build one of its largest packaging processing hubs to date at Salt Lake City as part of an ongoing expansion programme. When completed in late 2018, the new 840,000 sq ft facility will process 69,000 packages per hour, adding to the existing 200,000 sq ft operations in ...
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WCS17: How air cargo can fight back to profitability
Air cargo can improve profitability levels by encouraging adherence to contracts, offering transparent pricing, developing joint global solutions, moving to a modern commerce business model and creating carrier partnerships.Speakers at an IATA World Cargo Symposium session on air cargo profitability largely agreed that capacity was set to continue to grow ...
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New tax could hit Indian airfreight exports
An Indian trade organisation has warned that a proposed tax on airfreight exports will stifle growth in the country’s air cargo sector, while it has also called for investment in the sector.At its annual Air Cargo Summit, PHD Chamber of Commerce and Industry warned that moves to include airfreight exports ...