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Air France-KLM to merge struggling cargo figures with overall financial results

Air France-KLM to merge struggling cargo figures with overall financial results

February 27, 2017 at 6:58 pm 0 comments

Following years of heavy airfreight losses, Air France-KLM’s cargo sector results will be reported within its overall financial reporting. The accounting decision will take the struggling cargo arm out of the public eye. “It has been decided to change the cargo reporting as per fiscal year 2017 based on contributionRead More

Asia-Pacific air cargo markets start 2017 on strong footing

Asia-Pacific air cargo markets start 2017 on strong footing

February 27, 2017 at 6:48 pm 0 comments

Preliminary January traffic figures from the Association of Asia Pacific Airlines (AAPA) showed strong traffic volumes in both international air passenger and air cargo markets. International air cargo demand, measured in freight tonne kilometers (FTK), grew by 4.7 percent. Offered freight capacity expanded by 3.8 percent, resulting in a 0.5Read More

Freightos launches ‘FIFI’ aggregated shipping rates index

Freightos launches ‘FIFI’ aggregated shipping rates index

February 27, 2017 at 6:45 pm 0 comments

For those interested in finding a snapshot of global freight pricing from week to week, it’s time to meet FIFI.  Online freight marketplace Freightos has launched its Freightos International Freight Index (FIFI), a database of more than 250 million price points updated weekly, covering container pricing, price ranges on keyRead More

Volume up, dollars down as IAG faces ‘challenging market conditions’

Volume up, dollars down as IAG faces ‘challenging market conditions’

February 24, 2017 at 6:45 pm 0 comments

IAG Cargo’s 2016 full-year results out today show commercial revenue down 6.6 percent to €1.022 billion. “These are resilient results in the face of challenging market conditions,” said Drew Crawley, CEO at IAG Cargo. “Growing supply from freighter and new-generation passenger fleets have continued to outstrip flat demand for generalRead More

Have love, will travel: Bye-bye to Bao Bao [VIDEO]

Have love, will travel: Bye-bye to Bao Bao [VIDEO]

February 24, 2017 at 6:35 pm 0 comments

Amid sad protests from children around America’s capital city region, a giant panda that had been on loan from China for three years at the Smithsonian Institution’s National Zoo in Washington, D.C., boarded a FedEx freighter flight to China earlier this week, leaving the U.S. to join a breeding program.Read More

Worldwide Flight Services to handle China Airlines’ cargo at O’Hare

Worldwide Flight Services to handle China Airlines’ cargo at O’Hare

February 24, 2017 at 6:21 pm 0 comments

China Airlines has selected Worldwide Flight Services (WFS) to handle its cargo at Chicago O’Hare International Airport. The Taiwan-based carrier connects Taipei and Chicago with up to seven direct flights per-week, with combined inbound/outbound cargo volumes totaling around 56,000 tonnes per year. Overall, WFS handles more than 130,000 tonnes of cargo aRead More

A strong quarter ends Atlas’ ‘historic year’

A strong quarter ends Atlas’ ‘historic year’

February 23, 2017 at 6:59 pm 0 comments

On the strength of a stellar fourth quarter and a boost from the e-commerce traffic obtained in last year’s freighter deal with Amazon, Atlas Air Worldwide Holdings (AAWW) reported that 2016 was a historic year for the U.S.-based carrier. As David Harris notes in Cargo Facts, Air Cargo World‘s sisterRead More

January air freight market closes out on stable footing

January air freight market closes out on stable footing

February 23, 2017 at 6:59 pm 0 comments

Drewry’s East West Airfreight Price Index fell by the lowest monthly margin in January since the research firm began indexing rates in 2012. Rates fell just 13 cents, holding at about the US$3 mark in January, at $3.01, indicating greater stability in the market. The rate itself is also theRead More