Freighter operators – Page 49
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News
FedEx raises expectation as cost cutting continues
FedEx saw fiscal third-quarter revenues and profits fall on last year but the company beat expectations and has raised its outlook as its cost-cutting measures continue.For the quarter ending February 28, the parcels giant reported a 5.9% year-on-year revenue decrease to $22.bn, operating income was down 24.5% to $1bn and ...
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News
Bluebird Nordic targets Slovakian AOC
Bluebird Nordic is planning to obtain an Air Operator Certificate (AOC) in Slovakia as it looks to expand operations in Europe.The Icelandic ACMI leasing and cargo airline said that the additional AOC was a "strategic move" that would allow it to enter "new and prominent markets".Bluebird Nordic chief executive Audrone ...
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News
Lufthansa Cargo outlines future plans for freighter orders
Lufthansa Cargo is weighing up further orders of short- and mid-haul-sized freighters but there are no further plans for orders of widebody all-cargo aircraft.The Frankfurt-hubbed airline has ordered a series of freighters over the last couple of years as it looks to modernise its freighter fleet, expand capacity, replace the ...
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News
GlobalX gears up Canada operations
Global Crossing Airlines Group (GlobalX) is strengthening its operations to Canada.The carrier has amended its Foreign Air Operators Certificate (FAOC) issued by Transport Canada.The Amended Canadian FAOC adds the number of, and type of, aircraft GlobalX can provide as part of its charter and ACMI offering into Canada from the ...
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News
Atlas Air expects takeover to complete in days
The takeover of freighter operator Atlas Air Worldwide Holdings is expected to complete in the coming days after the company gained the necessary approvals.In a stock exchange filing, the New York-headquartered firm said that as of March 14 "all regulatory conditions to closing set forth in the merger agreement were ...
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News
GlobalX grows A321P2F fleet
Global Crossing Airlines Group (GlobalX) has reached an agreement to lease an additional A321 Passenger to Freighter (P2F) aircraft for delivery in December this year.The carrier received approval from the US Federal Aviation Administration for cargo operations in February and commenced flights with its first A321P2F aircraft in the same ...
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NewsLATAM Cargo targets Ecuador flower market with new US flights
Source: LATAM CargoLATAM Cargo has added a new service between North and South America to target blooming flower volumes in the region.The new freighter service will operate between Ecuador, Brazil and the US, calling: Quito, Los Angeles, Houston, Manaus and Viracopos.The service will initially operate twice weekly, but will increase ...
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News
Mountain Air Cargo launches first ATR 72-600 freighter
US-based express cargo carrier Mountain Air Cargo has launched its first ATR 72-600 freighter.The ATR 72-600F made its debut on March 6, flying from New Bern, North Carolina to Raleigh, North Carolina.Mountain Air Cargo said: “We are excited to provide containerised service that comes with the versatility of the new ...
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NewsQatar Airways marks International Women's Day with all-female freighter crew
Source: Qatar Airways CargoA Qatar Airways freighter operated from Doha to Shanghai has been managed entirely by female crew and female ground staff to mark International Women's Day.The carrier said that flight QR8960 was its first ever to be operated by an all-female crew - from the "ground staff overseeing ...
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News
Cathay Cargo sees revenues weaken in 2022
Cathay Pacific saw its cargo revenues decline by double-digit percentage levels last year as Covid restrictions affected operations.The airline reported a 16.6% fall in cargo revenues to HK$26.9bn in 2022 while cargo revenue tonne kms (CRTK) fell 29.8% year on year to 5.7bn and capacity was down 19% to 8.2bn ...
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NewsAmazon not yet scaling back flights in face of economic challenges
Amazon Air’s flights have increased in the last six months despite economic challenges impacting e-commerce demand and announcements that it will scale back some third-party operations.The carrier’s flight activity grew by 5.8% between August 2022 and March, found a new study by Chaddick Institute of Metropolitan Development at DePaul University ...
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News
IATA: January demand remains muted as economic constraints continue
Economic constraints have continued to take their toll on industry demand as January became the 11th month in a row that air cargo volumes declined, according to IATA.Global demand, measured in cargo tonne-kilometers (CTKs), fell 14.9% year on year, said the industry body.Meanwhile, fuelled by a resurgence in belly capacity, ...
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News
ANA to take over Nippon Cargo Airlines
NYK has entered into an agreement to transfer all shares in B747 freighter operator Nippon Cargo Airlines (NCA) to All Nippon Airways Holdings (ANA).The shipping group said that it had made the decision due to the ongoing cost of running the cargo airline."The continuous introduction of new aircraft to expand ...
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News
Cargojet reduces B777 conversion plans on weaker outlook
Cargojet is cutting the number of B777 freighter aircraft it plans to convert into freighters due to the weakening economic outlook.In announcing its full-year results, the Canadian freighter operator said that for now, it would now only pursue four of eight previously announced B777 freighter conversions as it curtails capital ...
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Insights
Putzger perspective: Air cargo navigates stormy skies
Recent months have been relentlessly tough to navigate for air cargo carriers, as imploding demand has yanked rates and yields out of the stratosphere to levels last seen before the pandemic.The reverberations are taking a toll on capacity expansion, as operators are having second thoughts on their anticipated need for ...
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InsightsAsia-Europe air cargo market still in recovery
The Asia-Europe trade lane has been buffeted by weakening demand and the outbreak of war in Ukraine over the last 12 months but there are some opportunities to be found.Air cargo capacity on the Asia-Europe route increased marginally (+3%) from the fourth quarter of 2021 to fourth quarter of 2022, ...
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News
Lufthansa Cargo not expecting overcapacity on Asia-Europe
Lufthansa Cargo is not expecting cargo capacity to flood the Asia-Europe trade over the coming year due to the extra distance airlines will need to travel to avoid Russian airspace and as older tonnage leaves the market.Speaking on the day the cargo business announced record operating profits for the third ...
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NewsLufthansa Cargo reports third year of record operating profits
Lufthansa Cargo reported record revenues and operating profits last year despite volumes being flat on 2021 levels.Lufthansa's logistics division, which includes Lufthansa Cargo, Jettainer, time:matters, HeyWorld and a 50% stake in AeroLogic, last year saw revenues increase by 22% year on year to €4.6bn while earnings before interest and tax ...
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News
Raindo United Services plans Asia freighter services
Indonesia-based Raindo United Services plans to launch domestic and international freighter services in July this year, using two leased B737-800 Boeing Converted Freighters (BCF) each with a capacity of 23 tons.The digital start-up cargo airline will serve Jakarta, Medan, Balikpapan, Medan, Makassar and Surabaya on its domestic network and international ...
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NewsAir cargo continues aid efforts for Turkey-Syria earthquake
A 7.8 magnitude earthquake struck close to the Turkish city of Gaziantep on the Syrian border on February 6, causing extensive casualties and deaths as well as damage to buildings and infrastructure.The air cargo industry quickly swung into action to transport aid destined for the devastated region and efforts are ...