Business – Page 61
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News
Air cargo demand continued to rally in September
Air cargo demand continued its gradual recovery in September with figures heading back towards year-ago levels, according to data from WorldACD.Figures from the data provider show that demand in September was down 12.5% year on year, which brings "some reason for optimism". This compares with a 33% decline in demand ...
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NewsTIACA calls for an end to 'misleading' weight-based load factor
TIACA is calling for the air cargo industry to adopt the dynamic load factor developed by CLIVE Data Services over the "misleading" traditional weight-based system.The dynamic load factor methodology measures how full an aircraft is by considering both freight volume and weight, rather than just weight, as aircraft often reach ...
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NewsCool Chain Association teams up with IATA
Andrea Gruber, Head of Special Cargo at IATA and Nicola Caristo, CCA Secretary General and Airline Partner Manager, SkyCellThe Cool Chain Association (CCA) and IATA have signed a Memorandum of Understanding (MOU) to support efforts to improve the sustainable transport of perishables and pharmaceuticals.As partners, the two group will develop ...
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News
US cargo carriers quizzed on PSP funds
Four US cargo carriers have been asked to hand back or demonstrate that they needed more than $630m in Covid-19 support funding as part of the Payroll Support Program (PSP).James Clyburn, chairman of the select subcommittee on the coronavirus crisis, sent letters to Atlas Air, Kalitta Air, Western Global Airlines ...
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Copenhagen Airport relies on preighter capacity to develop as "airfreight gateway to Scandinavia"
Copenhagen Airport (CPH) has revealed that continuous 'preighter' operations have helped it to establish itself as an "airfreight gateway to Scandanavia" after the bulk of it cargo capacity — bellyhold — was cut at the onset of the pandemic."Looking back to February this year, the majority of airfreight in and ...
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News
Dnata enters Indonesian market with new partnership
Ground handler dnata has expanded its footprint in the Asia-Pacific region and entered the Indonesian market through a partnership with PT UNEX Rajawali Indonesia (UNEX).The handler is based at Soekarno-Hatta International Airport (CGK) and offers ground handling and cargo warehousing services.The partnership will see dnata and UNEX make joint investments ...
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NewsK+N reports improved airfreight market in Q3
Kuehne+Nagel's airfreight operating profits and revenues were up in the third quarter of the year on the back of improved market and despite a decline in volumes.The Switzerland-headquartered forwarder saw third-quarter air cargo revenues increase by 8.7% year on year to Sfr1.2bn, gross profits were down 4.3% to SFr315m and ...
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News
United Airlines reports $1.8bn Q3 loss as revenue falls 78%
United Airlines reported a $1.8bn loss for the third quarter as it restructured its operations to reflect lower demand following the near-collapse of the passenger aviation industry earlier this year.The Chicago-based carrier says on October 14 that it had reduced its capacity by 70% during the recently completed quarter, resulting ...
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News
Air cargo not yet prepared for Covid-19 vaccine
A survey of air cargo stakeholders has found that only 28% of the sector feels well prepared for a Covid-19 vaccine.The Sunrays survey carried out by TIACA and Pharma.Aero found that just 28% say they are well prepared to distribute a Covid-19 vaccine, while 19% say they are very unprepared.Cargo ...
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NewsDHL Express plans Israel-UAE freighter flights
Yair Bitton, chief executive of DHL Express IsraelFollowing the recent negotiation of a peace agreement between Israel and the UAE, DHL Express has completed its first shipment from Israel to the UAE and has plans to launch flights between the two countries.After receiving official approval to initiate trade, Yair Biton ...
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NewsFrankfurt Cargo Services achieves IATA CEIV pharma certification
Cargo handler FCS Frankfurt Cargo Services has successfully concluded the IATA CEIV certification process for its pharma operations.The handler said it had upgraded its facilitates as part of the certification.Christoph Cyranek, manager of quality assurance and performance improvement at FCS, said: “In the course of the certification process, the FCS ...
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News
DP DHL records "strong business development" in preliminary Q3 results
Deutsche Post DHL has managed to achieve an increase in earnings before interest and tax (ebit) during the third quarter of this year and recorded "strong business development" ahead of its shift in focus to 'peak season'.Chief executive Frank Appel said in the company's preliminary third-quarter financial results: “We are ...
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NewsMicheal White to step down from CNS president role
Michael White is set to leave his role as president of IATA's US cargo organisation CNS at the end of the year as part of its restructuring programme.IATA said that White has taken voluntary redundancy and that a president would be appointed in advance of his departure."As an aviation-related organisation, ...
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News
IATA: Slow improvement in air cargo demand in August
The latest statistics from IATA show that air cargo volumes are improving only slowly despite a pick up in business indicators.According to the airline association, air cargo volumes in cargo tonne kms (CTK) declined by 12.6% year on year in August, which is a slight improvement on the 14.4% decline ...
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NewsPayCargo looks to expand after securing investment
Digital cargo payment system PayCargo has secured funding that it will use to expand the business and develop new technologies.The company today announced a $35m investment led by global venture capital and private equity firm Insight Partners.The funds will be used "expand global adoption of its electronic payments network and ...
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News
John Menzies looks to expand in cargo despite volume decline
Ground handler John Menzies saw its cargo volumes decline in the first half of the year but is looking to expand in the sector.The company reported a "resilient" performance in its cargo business as volumes dropped by 22% year on year as a result of reduced bellyhold operations due to ...
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News
Qatar Airways lands QR7.3bn state injection after heavy pre-crisis loss
Qatar Airways Group has turned in a pre-tax loss of QR6.96bn ($1.9bn) and a net loss of just over QR7bn, for a financial year that concluded before the airline industry felt the broad impact of the coronavirus crisis.The Doha-based carrier says that, at the end of the fiscal year on ...
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News
US DOT allocates $5.8m to Chicago RFD for cargo apron
The US Department of Transportation (US DOT) has allocated $5.8m to Chicago Rockford International Airport (RFD) to expand its cargo operations.The money will be will be used to construct a larger cargo apron to "meet growing demand".US Senator Dick Durbin commented: "Chicago RFD is not only a vital transportation asset, ...
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NewsAerSale swoops on 24 B757s as it eyes cargo conversions
Lessor and MRO firm AerSale has entered into a purchase agreement to acquire 24 Boeing 757-200 passenger aircraft that it will convert into freighters.AerSale, which offers and array of aviation services including conversions, said it had targeted Boeing 757 passenger aircraft as feedstock "for a burgeoning freight market".“Pre-Covid, more freight ...
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NewsIATA to hold annual general meeting virtually
IATA director general Alexandre de Juniac speaking at 2019’s IATA Annual General Meeting, held in Seoul.IATA will move its annual general meeting — traditionally the biggest event in the airline calendar — online, as the coronavirus outbreak continues to preclude large scale physical meetings.The airline trade body had initially rescheduled ...