All Airlines Articles – Page 257
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News
Airfreight demand on the increase but still outpaced by capacity rise
Global airfreight demand in June saw a 4.3% year-on-year rise in freight tonne km (FTK), the fastest pace of growth in 14 months.However, freight capacity measured in available freight tonne km (AFTKs) increased by 4.9% year-on-year, keeping yields under downward pressure.According to the latest monthly market analysis by airline association ...
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Update: Dubai International flights suspended following crash landing
Dubai Airports has confirmed that all operations (arrivals and departures) at Dubai International have been suspended until further notice following crash landing of Emirates airline flight EK521 this morning.In a statement, Emirates said that all 282 passengers and 18 crew on board the Boeing 777 aircraft are “accounted for and ...
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Airfreight rates pick up in June thanks to increases in fuel prices
Airfreight rates reached their highest level in seven months in June following on from improved demand performance for the month and higher fuel prices.The latest airfreight figures from Drewry’s Shipper Insight Report show that prices climbed to $2.75 per kg in June from $2.61 in May to reach their highest ...
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NewsLufthansa's cargo business remains in the red
Lufthansa’s cargo division recorded its fifth quarterly operating loss in a row as competition on global airfreight markets remained “intense”.The German airline group’s logistics business, which includes Lufthansa Cargo, ULD specialist Jettainer and its other investments, recorded a 16.4% year-on-year decline in second-quarter revenues to €496m.Earnings before interest and tax ...
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NewsHalf year cargo gains for American and United but declines at Delta
American Airlines and United Airlines both managed to record slight increases in cargo demand during the first half of the year despite declines for the overall North American market.United Airlines – the largest cargo carrier of the three major US airlines – saw cargo demand increase by 0.5% over the ...
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News
Air cargo demand on the up in June
Air cargo volume growth improved in June as demand at European airlines remained strong and there was a pick-up for Asia Pacific carriers.Analyst WorldACD said that, after a poor start to the year, worldwide chargeable weight improved by 2.7% year on year in June.WorldACD said that the uptick was caused ...
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News
May was not such a merry month for air cargo
May was another month of “disappointment” for air cargo as demand growth was “limited to 0.5%”, according to WorldACD.The analyst said it was hardly surprised by the low growth figure given that “world trade is in a slump”. During the month, volumes originating from North America declined by 4% year ...
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News
Qatar Airways ups stake in IAG to 20%
Middle East gulf carrier Qatar Airways has increased its shareholding in IAG, the parent group of British Airways and Iberia, to 20.1%, saying that it does not intend to increase its stake further "unless there are material changes to the current situation".This latest move follows a gradual stakebuilding by Qatar ...
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Lufthansa Cargo looks to become sole owner of time:matters
Lufthansa Cargo has applied to purchase all the shares of time critical logistics firm time:matters with a decision from the German competition authority on whether to approve the deal expected next month.The German cargo carrier currently owns a 49% shareholding in the logistics firm with the remaining 51% owned by ...
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NewsIAG reports double-digit cargo revenue decline despite demand increase
IAG recorded a double-digit percentage decline in cargo revenues during the second quarter of the year despite an increase in demand during the period.The British Airways, Iberia and Aer Lingus owner this morning announced second-quarter cargo revenues of €241m compared with €274m during the same period last year, representing a ...
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JAL's international cargo revenues plunge 32.6% in the first quarter
Japan Airlines (JAL) recorded a 32.6% year on year drop in international cargo revenues to ¥9.9bn in the three months ended June, due to a decline in demand on transpacific routes and other sectors.The Japanese flag-carrier also recorded a 4.1% year-on-year decrease in cargo volumes, measured in revenue cargo ton ...
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NewsAir France KLM Cargo remains in the red
Air France KLM’s cargo business remained in the red during the first half of the year but the phasing out of freighters has helped improve performance compared with a year earlier.The Franco-Dutch airline group’s first-half figures for the cargo business show an operating loss of €116m against a loss of ...
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Start-up airline POP hopes to capitalise on new UK-India trade deals
New start-up low cost Indian airline POP is aiming to capitalise on new trade agreements between the UK and India sparked by Britain’s decision to leave the European Union.The new airline, which will donate 51% of profits to social projects, plans to be the first airline to operate non-stop flights ...
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SIA Cargo losses deepen as yields decline
Singapore Airlines (SIA) Cargo has seen revenues fall and operating losses deepen on the back of a double-digit yield decline.During its fiscal first quarter ending June 30, SIA Cargo saw revenues decline by S$60m, although it does not reveal total cargo revenues, while its operating result slipped to a loss ...
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Asian airlines record modest cargo growth in June
Asia Pacific airlines recorded “modest growth” in cargo demand in June for the first time since the start of the year, but concerns for future growth remain.Figures from the Association of Asia Pacific Airlines (AAPA) show that Asian airlines saw cargo volumes increase by 4.1% in June in terms of ...
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Regulators and Customs, focused on secure airfreight without disruptions
Aviation regulators and Customs authorities are focused on implementing best practices to maintain a secure air cargo global supply chain without creating disruptions and delays.The International Civil Aviation Organization (ICAO) and the World Customs Organization (WCO) have now shifted from the creation of an effective regulatory framework toward “the fostering ...
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Singapore Airlines Cargo most on-time Cargo iQ airline in June
Singapore Airlines Cargo was the most reliable Cargo iQ member airline in June with an on-time availability rate of 96%.The latest monthly statistics from Cargo iQ revealed that in June its members achieved an average on-time airport-to-airport rate of 80%, based on notification of freight and data availability at destination.This ...
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Shippers gather in Sri Lanka
Shippers’ representatives from Asia, Africa and Europe will meet in Sri Lanka this week to discuss key issues affecting air cargo, including air transport emissions.The Global Shippers’ Forum (GSF) holds its annual meeting on 28 and 29 July in Colombo, where a packed agenda will also cover pressing topics in ...
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Fraport to host air cargo innovation lab
Frankfurt Airport operator Fraport has announced it will play host to a new event in September that will explore future innovation in air cargo.The Air Cargo Innovation Lab, which is being run in co-operation with DVV Media and Air Cargo News, will explore what air cargo logistics operations will look ...
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Ultimate Air operates South Sudan evacuation flights
Ultimate Air has performed a series of urgent air evacuation flights from South Sudan against the recent flare-up in troubles in and around the capital Juba. With all commercial flights in/out of the country being suspended amidst the unrest, Ultimate Air operated over 20 evacuation flights from the country carrying ...