Latest news – Page 754
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News
CEVA profits stay strong despite soft market
Logistics firm CEVA says it maintained profitability in the first quarter of 2016 despite “market headwinds” that continue to affect all industry players.Excluding currency factors, revenue dropped 5.3% from $1.7bn in first quarter 2015 to $1.6bn during the same period this year as a result of rate decreases.Earnings were up ...
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Qantas to fly six-strong postal freighter fleet
Qantas Freight has revamped its domestic Australia Post network by dedicating five of its ten-strong freighter fleet to the service and will also soon take delivery of a B737-400 freighter for the exclusive use of the operation.Currently, Qantas operates ten domestic freighters across Australia - four B737-300CF, four BaE146 and ...
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China green light for FedEx-TNT deal
FedEx Corporation and TNT Express have said that they have obtained the unconditional approval of China’s Ministry of Commerce (MOFCOM) for their merger.With one of the last remaining hurdles to the deal surmounted, the two express companies say that the offer condition with respect to competition clearances has now been ...
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Lufthansa's cargo division records first quarter ebit loss
Lufthansa’s cargo business returned to the red during the first quarter of the year as overcapacity and weak demand took their toll on the business.The Lufthansa Logistics business, which includes the cargo division, ULD specialist Jettainer and its Aerologic investment, saw first-quarter revenues drop by 21.8% year on year to ...
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Raya gets new chief executive
Asian cargo airline Raya Airways has announced the appointment of Lee Shashitheren as its new executive director and chief executive.Lee, former commercial director of Raya Airways, has more than 20 years’ experience in the cargo airline business and takes over from the former managing director Mohamad Najib Ishak, who resigned ...
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Dachser revenues benefit from exchange rate gains
Logistics firm Dachser's Air and Sea Logistics business saw revenues climb by 8% last year to €1.6bn.The German company said the increase in revenues was largely thanks to exchange rate gains, with tonnage experiencing “anaemic growth”.“From this you can see that, as in Road Logistics, we will not lower our ...
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Air France KLM achieves IATA pharma certification
Air France KLM Martinair Cargo has achieved IATA pharma certification for four areas of its business and claims that customers are increasingly demanding the credential before they will engage with airlines.The Franco-Dutch airline group achieved IATA Centre of Excellence for Independent Validators Pharma (CEIV) certification in February this year.The four ...
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UPS hits earnings record in first quarter
UPS earnings per share jumped 13% in the first quarter of 2016, with growth across all main segments of its business. US domestic and international small packages drove the US-based express logistics firm to a record first quarter, with international operating profit up 15% to $574 million.Total revenue was up ...
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Load factors fade but profits up at Air China
Air China reported cargo capacity up by almost 11% to 3.157 billion available freight tonne kilometers (AFTK) in the first quarter of 2016 but with cargo traffic up only 4.25%, to 1.556 billion AFTK load factor fell 3% to 49%, year-on-year.Otherwise, the airline reported steady progress in the face of ...
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ACS chief hails ‘brilliant’ year for cargo
Air Charter Service’s cargo department had “a brilliant year” in 2015, said chairman Chris Leach. Announcing a 10% increase in turnover, to just over US$480 million, and a 28% increase in gross profit to US$60.2m (year ending 31 January 2016) for the group as a whole, cargo charters were buoyed ...
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Green light for Hong Kong third runway work
Hong Kong Airport Authority has gained statutory approval for reclamation work that will allow construction of a third runway to go ahead. The authority said it would now proceed with the detailed design for the third runway and also start procurement of construction contracts for the reclamation works at the ...
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A321s to refresh Delta narrowbody fleet
Delta is to acquire 37 additional Airbus A321s as part of its efforts to renew its ageing narrowbody fleet. The new planes will replace older-generation jets, including the MD-88.The airline’s incoming chief executive, Ed Bastian said the order would allow it to accelerate the retirement of Delta’s 116 MD-88s.The new ...
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China logistics giant to build own airport
SF Express is to build its own airport in the Wuhan area, according to China Aviation Daily, quoting an interview with its president Tu Wei with CAACNews. China’s largest private express company is reportedly investigating possible sites for a freight airport in South Central China although sources quoted suggest that ...
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China Eastern to buy Dreamliners
China Eastern Airlines has finalised an order for 15 Boeing 787-9 Dreamliner aircraft, worth about $4 billion to strengthen its long-haul fleet. It plans to operate them on routes between China, North America and Europe and will increase frequencies on existing routes from Shanghai to Los Angeles, New York, San ...
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United Cargo to begin accepting new temperature controlled container
United Cargo has begun accepting the Envirotainer RAP e2 temperature-controlled container.United can now transport the entire suite of Envirotainer’s active units on the airline’s network of 59 TempControl-certified handling locations.The RAP e2 does not require dry ice or battery replacement – it uses rechargeable batteries to power its electric heating ...
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Etihad confirms another year of rapid growth
Abu Dhabi-based Etihad Airways has confirmed that it made a net profit of $103m on revenue of $9.02bn over the course of 2015, up from $73m and $7.55bn respectively in 2015. These figures represented the airline’s strongest ever annual financial results.EBIT reached $259 million, up from $257 million in 2014.Growth ...
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IATA’s latest survey suggests lack of confidence in cargo future
The latest Airline Business Confidence Index produced by the International Air Transport Association (IATA) was made public this month (April), the associated survey revealing that airline heads of cargo and chief financial officers appear likely to report year on year gains in profitability over the first quarter of this year.However, ...
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UPS enjoys successful first quarter, but airfreight market challenging
UPS has revealed what it describes as record first quarter results. Total revenue over the three-month period reached $14.4 billion, up 3.2% over the same quarter of last year (and on a currency-neutral basis, revenue increased 3.7% year on year).Both UPS’s domestic US and international small package segments drove growth“We ...
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China Eastern Airlines confirms B787-9 order
Shanghai-headquartered China Eastern Airlines has confirmed an order for 15 Boeing 787-9 ‘Dreamliners’.The order is said by manufacturer Boeing Commercial Airplanes to be worth $4 billion at current list prices.China Eastern Airlines chairman Liu Shaoyong commented: “The addition of these next-generation, fuel-efficient airplanes will play a key role in supporting ...
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Keeping cool in the Antarctic
Russian freighter operator Volga-Dnepr Airlines flew more than 190 tonnes of freight to Antarctica during its first-ever season of cargo flights to the world’s most southerly region, in support of the DROMLAN international Antarctic project.The DROMLAN (Dronning Maud Land Air Network) project, which is managed by the Antarctic Logistics Centre ...