Business

Ageing freighter fleet set to tighten global market, says Atlas Air chief

The global supply of full-freighter aircraft is tightening, says Atlas Air Worldwide chief executive, Michael Steen. In an interview for…

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Cathay cargo tonnage surge outpaces revenue as yields droop

Cathay Pacific Airways carried 1.38 million tonnes of cargo in 2023, up almost 20% on the previous year’s 1.15m tonnes,…

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Lufthansa Cargo revenues fall in 2023 as rates cool

Lufthansa Cargo reported a year-on-year revenue drop of 36% in 2023 due to rates normalising after the highs seen during…

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DHL’s airfreight volume decline slows in Q4 2023

DHL Group’s airfreight volumes in the fourth quarter of 2023 continued to suffer from reduced air cargo demand, but the…

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Etihad Cargo sees revenues decline in 2023 as market rates cooled

Etihad Cargo registered a decline in its cargo revenues last year as the wider air cargo market cooled following the…

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E-commerce and perishables lift K+N after Q4 airfreight volume decline

E-commerce and perishables business helped soften the blow of a drop in airfreight volumes for Kuehne+Nagel (K+N) in the fourth…

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IAG Cargo revenues drop 28% year on year

IAG Cargo saw a steep drop in year on year commercial revenues in 2023 against a backdrop of sustained soft…

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Lower leasing demand takes the shine off ATSG earnings

Reduced demand for aircraft leasing, passenger operations and flying for the US military combined to pull down revenue at ATSG…

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Freightos tops a million transactions

Freightos handled over a million transactions in 2023 according to its full-year results, published on 26 February. The digital booking…

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US couple found guilty of fraud against National Air Cargo

Two people have been found guilty of defrauding US logistics company National Air Cargo of $5m in a wire fraud…

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