Lufthansa, Cathay Pacific: A partnership of giants

Two of the world’s top three international cargo carriers have joined forces. Lufthansa and Cathay Pacific rank second and third, respectively, among all airlines in international cargo traffic, trailing only Emirates. So their formation of a joint network to connect Hong Kong to Europe, as announced today, is an interesting move. See details from our sister publication, Cargo […]
  • David Harris
  • May 12, 2016

Record profit for Emirates in 2015

UAE-based Emirates reported a record profit of US$2.2 billion for the year 2015, in spite of softer revenues, which dropped 3 percent, year-over-year, to $25.3 billion. Revenues from the group’s SkyCargo division comprised 14 percent of the airline’s overall transport revenue, even as Skycargo unit revenues dropped 9 percent to $3 billion. Lower yields were […]
  • Charles Kauffman
  • May 10, 2016

Fortunes shift for West Atlantic in 2015

For Sweden-based West Atlantic, 2015 was an exceptionally challenging year, during which the company’s profits dipped into the red, from a US$1.3 million profit in 2014, to a loss of $6.1 million in 2015. Despite higher revenues in 2015, which rose 13.7 percent over the previous year, to $173 million, the integrated mail and express […]
  • Charles Kauffman
  • May 9, 2016

Tough Q1 for Lufthansa Cargo

First-quarter performance at Lufthansa’s logistics division, which includes its cargo operations, lagged behind other segments, incurring a US$22 million loss during the first three months of 2016 as EBIT dropped by $82 million, compared with Q1 2015 data.  Revenues contracted by a whopping 21.8 percent, which Lufthansa blamed on overcapacity and weak demand, two factors […]
  • Charles Kauffman
  • May 3, 2016

Etihad invests in Parma for cargo returns out of Milan

UAE-based Etihad Airways signed an agreement to establish a new cargo transit center at Parma Airport aimed at increasing the centrally located Italian airport’s cargo handling and transfer operations. Etihad said it expects the investment will translate into additional outbound cargo shipments beginning this summer from its main Italian cargo hub in Milan.  Parma is […]
  • Charles Kauffman
  • May 3, 2016

Qatar ups stake in IAG despite ‘challenging’ Q1 for cargo

In the face of what it is calling “challenging market conditions,” IAG Cargo said its commercial revenues for the first quarter of 2016 for 1.5 percent to €262 million, compared to the same Jan.1 to March 31 period last year. While cargo figures were unimpressive, IAG’s overall performance was strong enough for Qatar Airways to […]
  • Randy Woods
  • April 29, 2016

Etihad Airways Cargo tonnage up 4 percent in 2015

Abu-Dhabi-based Etihad Airways reported its largest net profit ever in 2015, a figure that jumped 41 percent, year-over-year, to US$103 million. Low oil prices and strong demand for cargo, passenger and other ancillary services helped elevate the carrier’s profitability last year. Cargo tonnage, in particular, grew by 4 percent to 591,000 tonnes. Growth in cargo […]
  • Charles Kauffman
  • April 28, 2016

Atlas Air calls pilots’ union mediation request ‘premature’

One day after unions representing pilots who fly DHL routes for Atlas Air Worldwide Holdings, Inc. (AAWW) requested mediation support by the National Mediation Board (NMB), Atlas Air responded, saying the mediation request was “premature,” and added that the union has no right to strike under the latest Joint Collective Bargaining Agreement. “The negotiation process […]
  • Randy Woods
  • April 27, 2016

Pilots’ unions to enter mediation with Atlas Air Worldwide

Unions representing pilots that fly for DHL-contracted carriers Atlas Air, Inc. and Polar Air Cargo have requested to begin mediation with Atlas Air Worldwide Holdings, Inc. (AAWW) via the National Mediation Board (NMB), stating that Atlas Air has “refused to engage in any further legally-mandated negotiations.” AAWW said they have strongly objected to such negotiations. […]
  • Randy Woods
  • April 26, 2016

Hawaiian Airlines takes page from ASPIRE for Earth Day

Although the air cargo and aviation industries are hardly paragons of environmental excellence, given the number of daily flights, even small reductions can have a great impact. For today – Earth Day – at least one carrier is trying to do its part to reduce its global carbon footprint. To celebrate Earth Day, Hawaiian Airlines […]
  • Charles Kauffman
  • April 22, 2016

Air Cargo World introduces Elevate 2016 conference in Miami

Big data, analytics, digitization and the rise of global e-commerce are changing the face of airfreight logistics forever. To help propel the airfreight industry forward, Air Cargo World is proud to announce the launch of Elevate 2016, the air cargo industry’s first event focused on innovation. Elevate 2016 will take place on October 10 at the Mandarin […]
  • Randy Woods
  • April 18, 2016

Hot Ho Chi Minh commodities attract Cargolux

Export commodities from Vietnam’s rapidly growing industrial base in Ho Chi Minh City are driving the demand for airfreight, prompting Luxembourg-based Cargolux to increase the frequency of its scheduled freighter service to Ho Chi Minh City to three times weekly, beginning today. Cargolux first launched service to Ho Chi Minh City in 2007 and began […]
  • Charles Kauffman
  • April 14, 2016

Air Canada, Cargojet to begin freighter service to Latin America, Europe

Canada-based Cargojet is close to finalizing a deal with Air Canada Cargo, which would, in essence, construct a cargo bridge between South America and Europe via Canada. The deal, still subject to route approval, would represent Canada’s first dedicated freighter flights to Latin America.  Once the deal is set, Cargojet would ACMI-lease and operate 767-300Fs aircraft […]
  • Charles Kauffman
  • April 14, 2016

Korean Air Cargo and Uzbekistan Airways expand in Tehran

Following the removal of sanctions, cargo is once again flowing through Tehran; Korean Air Cargo and Uzbekistan Airways launched a new cargo partnership which will enable cargo moving within Korean Air Cargo’s network to reach Tehran’s Imam Khomeini International Airport via Uzbekistan Air’s Navoi hub. Korean Air Cargo already partners with Uzbekistan Air to feed […]
  • Charles Kauffman
  • April 8, 2016
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