Bellyhold airlines – Page 40
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News
IATA: overcapacity on the up, yields declining
IATA has warned that air cargo’s financial performance “remains poor and does not deliver adequate returns for investors”.The airline association’s 2015 first quarter Cargo eChartbook, while seeing continued positive demand for airfreight commodities, states that overcapacity has resulted in lower load factors and placed downward pressure on yields.Lower jet fuel ...
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Gunning warns of continued excess cargo capacity
IAG Cargo boss Steve Gunning has warned that excess global air cargo capacity is likely to remain for the “foreseeable future”, with lower oil prices discouraging “capacity discipline” as older freighters continue to fly.Gunning said that excess capacity was a key driver for IAG Cargo’s decision last year to end ...
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Emirates opens Chicago route
EMIRATES is launching a daily B777-200LR service to Chicago’s O’Hare International Airport in August.It will become the airline’s ninth US gateway, following the commencement of services to Boston, Massachusetts this month.Chicago has long been a US destination Emirates has wished to serve, admits Tim Clark, president of the airline.“Like Dubai, ...
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Etihad strengthens Chengdu service
ETIHAD Airways is increasing the frequency of its Abu Dhabi-Chengdu service from five-flights-a-week to daily from 30 March.One of the biggest markets in China for attracting foreign direct investment (FDI), Chengdu has emerged as a leading economic, transportation and communications centre for the Asian country, with nearly half of the ...
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IAG Cargo launches B787 Austin, Texas route
BUSINESSES in Austin, Texas are benefiting from the launch of a new air-conditioned B787 IAG Cargo belly-hold connection with London Heathrow.The US city’s first ever regular transatlantic service, gives a direct air link between the hi-tech Texan hub and Europe.IAG Cargo has launched the service in part to help support ...
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Qatar Cargo freighters to Hyderabad, London and Zaragoza
QATAR Airways Cargo (QAC) is to launch scheduled dedicated freighter services to Hyderabad (India), London Stansted (UK) and is reinstating services to Zaragoza (Spain).Textiles, agricultural products, footwear, automobile and pharmaceuticals are among the commodities likely to be shipped on the carrier’s scheduled twice-weekly A330 freighter service to Zaragoza, which began ...
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January's air cargo volumes up 3.2 per cent
Worldwide January air cargo volumes were up 3.2 per cent year-over-year (YoY), according to data from Netherlands-based consultancy World ACD.It observed that the modest increase was “not too bad given the fact that January 2014 was already part of the recovery that started in autumn 2013”.World ACD, which sources data ...
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Record year for Etihad
ETIHAD AIRWAYS enjoyed a record financial performance last year, with net profit up 48 per cent to US$62 million on revenues up 27 per cent to US$6.1 billion.2013 also saw earnings before interest and tax (EBIT) up 22 per cent to US$208 million and earnings before interest, tax, depreciation, amortisation ...
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Etihad Cargo increases bellyhold capacity to China
ETIHAD Cargo is increasing its services to China from this month with new bellyhold capacity between Abu Dhabi and Chengdu.From the end of this month, cargo capacity to and from Chengdu will grow 40 per cent to 930 tonnes a month – a result of the current five-weekly A330 passenger ...
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Emirates starts Boston route
EMIRATES Airlines has launched a daily B777-200LR service to between Dubai and Boston.The largest city of the state of Massachusetts becomes the airline’s eighth US destination and the 142th of its global network linking trading destinations across six continents.Emirates SkyCargo, the carrier’s freight arm, will operate bellyhold capacity (up to ...
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Growth gap between passenger and air cargo widening
PASSENGER volume growth is outpacing air cargo, with a "big gap" emerging in the last three years as onshoring has stifled international trade volumes.IATA chief economist Brian Pearce said that air cargo's role as a lead indicator for passenger volumes has broken down since 2010, as witnessed by a ‘dramatic ...
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International trade stifled by protectionism, says Fred Smith
FEDEX founder Fred Smith has warned that 'the golden age' of double-digit air cargo growth is unlikely to return due to trade protectionism, higher fuel costs and the rapid growth in bellyhold capacity.Smith told the IATA World Cargo Symposium in Los Angeles: "The big reason why international trade is not ...
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IAG Cargo B787 targets India pharma
IAG CARGO, the all-cargo arm of British Airways and Iberia, is to capitalise on India’s booming pharmaceuticals and healthcare market by introducing a passenger B787 on its service between London-Heathrow, Hyderabad and Chennai.The aircraft has been optimised for bellyhold with air conditioning in the forward hold, making it ideal for ...
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Lufthansa Cargo optimistic despite profit drop
LUFTHANSA CARGO (LC) recorded an operating profit of €77 million (US$106m) in 2013 – €28m less than the previous year.The German carrier also saw its overall revenue drop by 9.2 per cent to €2.4bn. But despite the less than favourable balance sheet, Karl Ulrich Garnadt, chief executive and chairman, is ...
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Emirates' e-freight rallying cry
EMIRATES SkyCargo’s head of freight has warned the air cargo industry needs to adopt a much more focused approach in order to tackle the complexities involved in trying to roll out efreight.Nabil Sultan, the divisional senior vice-president of cargo, observes: “Coming from primarily the passenger side of our business, where ...
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AF-KLM Martinair Cargo adds pharma capacity
AIR FRANCE-KLM-MARTINAIR Cargo has reinforced its commitment to the pharmaceuticals and healthcare industry by introducing a new scheduled belly-cargo service to Brasilia – and increasing freighter capacity out of Bombay.The carrier has launched a new thrice-weekly B777-200ER service between Paris Charles de Gaulle (CDG) and Brasilia, the federal capital of ...
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IAG Cargo adds capacity to Tel Aviv
IAG CARGO has replaced its narrowbody A321 with widebody B777 aircraft on seven of the 14 weekly flights from London to Tel Aviv, to capitalise on the city’s growing pharmaceuticals market.The B777, which has been operating on the route since the end of March, can carry 18 tonnes on the ...
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One Question
Nabil Sultan, divisional senior vice-president, Emirates SkyCargo, answers: COMING primarily from the passenger side, where e-tickets and paperless transactions are the norm, I think this is one of the key areas that definitely surprised me (when taking over this air cargo role).This industry should be transacting through e-airwaybills by now.I ...
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Recovery happening says Lufthansa Cargo
THE AIR cargo market continues to show signs of a recovery.Benefiting from this development, Lufthansa Cargo flew with more tonnage in its aircraft in the first three months of 2014.“Thanks to a disciplined capacity management, we saw an increase in capacity sales to nearly 72 per cent – an exceptional ...
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Why we have won Cargo Airline of the Year
THE VOTING is over and the counting is set to begin to discover who is Cargo Airline of the Year 2014.Quality, innovation, efficiency, speed, reliability and vision are the hallmarks of a winner of the annual Air Cargo News awards scheme, now 31 years old.Both Lufthansa Cargo and Virgin Atlantic ...