Business – Page 108
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News
Chart of the Week looks back on 2016 freight load factors
IATA has produced its latest Chart of the Week (COTW), which focused on ‘asset utilisation’ – namely, aircraft load factors.According to the COTW, despite a strong pick-up in the (seasonally adjusted) freight load factor during the second half of 2016 – due to stronger demand and only moderate cargo capacity ...
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Alitalia business plan takes a step forward
The board of directors of Italian airline Alitalia have agreed that a final adjusted business plan will be presented by the end of the month (March 2017).The board met yesterday (Thursday) to hear a review from independent advisors Roland Berger on the airline’s proposed business plan.The board was also presented ...
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IATA names innovation award finalists
IATA has announced the five finalists for its 2017 air cargo innovation awards, whose ideas will be subject to a vote at the airline association’s World Cargo Symposium in Abu Dhabi next month.The final five out of 46 entries, in alphabetical order, are:Astral Aerial Solutions – UTM Concept for Africa ...
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Air France KLM's cargo business records 2016 operating loss
The Air France KLM Group saw its cargo division record another operating loss last year, although there was a slight improvement as headcount was reduced and freighters were taken out of action.The Franco-Dutch airline recorded a full-year operating loss of €244m, compared with a €245m loss in 2015.Cargo revenues for ...
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US carrier group backs Open Skies in Middle East subsidy row
As reported in Air Cargo News at the start of this month (February), a number of US legacy passenger airlines have resurrected their complaints to the US Government that they are suffering as a result of Middle Eastern carriers being unfairly subsidised by their state authorities.American Airlines, United and American ...
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News
K+N gains CEIV Pharma certification for specialist network
Global forwarder Kuehne+Nagel (K+N) has gained IATA's Center of Excellence for Independent Validators for pharmaceutical handling (CEIV Pharma) certification covering its entire KN PharmaChain GxP air network, currently including 86 locations on all continents.The IATA CEIV Pharma standard ensures the integrity of every pharmaceutical and healthcare product in the airfreight ...
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News
Cargo waiting in the wings as Lufthansa and Etihad partnership focuses on catering and MRO
Lufthansa and UAE national carrier Etihad have signed a non-equity partnership with an initial focus on in-flight catering and aircraft maintenance, although cargo is not on the menu at this stage.Etihad Aviation Group president and chief executive officer James Hogan, and Carsten Spohr, Lufthansa Group chairman and chief executive, signed ...
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News
Pharma first for Bolloré Logistics
Bolloré Logistics has become the first transport and logistics company in France to gain IATA's CEIV Pharma certification for its Paris Roissy CDG platform.The French logistics giant has already received similar certification for its sites in Brussels (Belgium), Frankfurt (Germany) and Lisbon (Portugal).Bolloré Logistics has IATA Pharma certification in progress ...
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E-commerce powers UPS record 2016 revenues
A US domestic e-commerce boom helped UPS’ last quarter revenues to accelerate by 5.5% across the global supply chain, leading to a full year record revenue result of $61bn for 2016.The logistics giant saw US domestic fourth quarter revenue climb 6.3% to $10.9bn, “driven by e-commerce” while international export shipments ...
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News
Pilots strike hits ATSG revenues
A fall in revenues due to a pilots' strike has seen US-based freighter lessor Air Transport Services Group (ATSG) advise that its adjusted ebitda* from continuing operations for the fourth quarter and full year 2016 will be around $7m lower than in its prior guidance.Said ATSG: “This reduction in guidance ...
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News
Simply the best: Enter now to win an air cargo Oscar
You have got to be in it, to win it. The Air Cargo News Cargo Airline of the Year awards are now open for entries.There are six categories in total to enter this year, one more than last year due to the creation of the innovation award, sponsored by Heathrow ...
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News
FedEx's Fred Smith: Decision to quit TPP "unfortunate"
FedEx founder and chief executive Fred Smith has hit out at the US president’s decision to withdraw from the TPP trade deal saying being cut off from trade would be like “trying to breath without oxygen”.Speaking today on the Fox Business Network’s Maria Bartiromo programme, FedEx’s Fred Smith said the ...
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logistics innovation shortlist drawn up
German supply chain company Fiege has shortlisted ten start-ups for the Logistics Tech Accelerator 2017 programme.Fiege, partnering with San Francisco’s RocketSpace technology campus and Spain’s Kaleido, is a corporate collaborator to the Accelerator programme.The scheme, in which Lufthansa Cargo is also a corporate partner, helps identify and select young technology ...
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News
IATA's ten cargo resolutions as e-AWB penetration misses 2016 target
IATA has issued ten New Year resolutions for the global air cargo industry.Top of the list is “embrace e-commerce growth” which accelerated 23.7% in 2016: “Online sales are on the increase, demand is high as well as the need for quick delivery, which creates a significant opportunity for air cargo,” ...
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News
Another boost for IATA's Cargo-XML messaging standard
IATA’s Cargo-XML messaging standard has taken another step towards becoming the industry standard after being integrated into a United Nations (UN) automated customs management system.The integration of Cargo-XML into the UN Conference on Trade and Development’s (UNCTAD) ASYCUDAWorld customs system standardises electronic communications between airlines and customs authorities in the ...
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TPP of the iceberg as Trump withdraws US from trade pact
US president Donald Trump has signed an executive order to withdraw from the Trans-Pacific Partnership (TPP).The TPP includes 12 nations that account for around 40% of the world’s economic output and would have cut 18,000 tariffs between the countries to help boost trade.The 12 countries that signed up for the ...
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In Donald Trump we trust?
The one thing everyone can agree on about US President-elect Donald Trump is that he divides opinion.Some see him as an astute businessman who will help de-regulate America and allow it to build and manufacture its way out a slump that has seen real household income stagnate despite GDP continuing ...
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Etihad: not looking to take a stake in Lufthansa - official statement
Etihad has denied press speculation that it is looking to take a stake of between 30%-40% in German carrier Lufthansa.An Etihad Airways spokesman told Air Cargo News: "We can confirm that we are not looking to take a financial stake in Lufthansa.”This official quashing of rumours, which started in the ...
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SIA Cargo is Asia-Pacific's first carrier to achieve CEIV Pharma certification
Singapore Airlines Cargo (SIA Cargo) has become the first airline in the Asia-Pacific to be awarded IATA’s Centre of Excellence for Independent Validators (CEIV) Pharma certification.SIA Cargo president Chin Yau Seng said: “We are acutely aware of the important role that these shipments play in serving the broader community, and ...
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Etihad to cut jobs and review its European airline investments says Reuters
Middle East Gulf carrier Etihad Airways has announced a range of job cuts and "controlled restructuring" amid speculation that its investment strategy in European airlines looks set for review.Reuters news agency, quoting "company and industry sources", reported that Abu Dhabi-based Etihad is "seeking an exit" from the investments.In tandem with ...