The global supply of full-freighter aircraft is tightening, says Atlas Air Worldwide chief executive, Michael Steen. In an interview for…
Business
Cathay cargo tonnage surge outpaces revenue as yields droop
14 / 03 / 2024
Cathay Pacific Airways carried 1.38 million tonnes of cargo in 2023, up almost 20% on the previous year’s 1.15m tonnes,…
Lufthansa Cargo revenues fall in 2023 as rates cool
07 / 03 / 2024
Lufthansa Cargo reported a year-on-year revenue drop of 36% in 2023 due to rates normalising after the highs seen during…
DHL’s airfreight volume decline slows in Q4 2023
06 / 03 / 2024
DHL Group’s airfreight volumes in the fourth quarter of 2023 continued to suffer from reduced air cargo demand, but the…
Etihad Cargo sees revenues decline in 2023 as market rates cooled
06 / 03 / 2024
Etihad Cargo registered a decline in its cargo revenues last year as the wider air cargo market cooled following the…
E-commerce and perishables lift K+N after Q4 airfreight volume decline
04 / 03 / 2024
E-commerce and perishables business helped soften the blow of a drop in airfreight volumes for Kuehne+Nagel (K+N) in the fourth…
IAG Cargo revenues drop 28% year on year
29 / 02 / 2024
IAG Cargo saw a steep drop in year on year commercial revenues in 2023 against a backdrop of sustained soft…
Lower leasing demand takes the shine off ATSG earnings
27 / 02 / 2024
Reduced demand for aircraft leasing, passenger operations and flying for the US military combined to pull down revenue at ATSG…
Freightos tops a million transactions
27 / 02 / 2024
Freightos handled over a million transactions in 2023 according to its full-year results, published on 26 February. The digital booking…
US couple found guilty of fraud against National Air Cargo
20 / 02 / 2024
Two people have been found guilty of defrauding US logistics company National Air Cargo of $5m in a wire fraud…
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