Traffic

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

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

National carriers balk at proposed increase in Alaska jet fuel tax

National carriers balk at proposed increase in Alaska jet fuel tax

February 17, 2017 at 6:50 pm 0 comments

After cruising for decades on high oil prices, the state of Alaska is scrambling to make up budget shortfalls by introducing a bill that would triple the state tax on jet fuel, sparking predictable dismay from several U.S.-based carriers that use Anchorage as a major trans-shipment hub on long-haul routes.Read More

Valentine’s Day surge in flower traffic smells sweet at LATAM Cargo [VIDEO]

Valentine’s Day surge in flower traffic smells sweet at LATAM Cargo [VIDEO]

February 15, 2017 at 6:59 pm 0 comments

With Valentine’s Day finally in the rear-view mirror, carriers like LATAM Cargo are savoring one of the mainstays of the Latin Americans airfreight business: the annual January surge in flower shipment. This year, the Chile-based carrier handled more than 160 million bouquets of flowers (around 9,000 short tons) in theRead More

New office in Australia underscores Alibaba’s regional ambitions

New office in Australia underscores Alibaba’s regional ambitions

February 15, 2017 at 6:44 pm 0 comments

Chinese e-retailer Alibaba Group has opened a new base in Australia, with Alibaba Group executive chairman Jack Ma on hand to open the new office in Melbourne. The office will serve as headquarters for Alibaba’s operations in Australia and New Zealand. Last year, Alibaba Cloud, Alibaba Group’s cloud-computing subsidiary, openedRead More

Atlas Air to operate 747-400 freighter for Asiana Cargo

Atlas Air to operate 747-400 freighter for Asiana Cargo

February 14, 2017 at 6:55 pm 0 comments

Atlas Air announced that it will soon operate one of its 747-400 freighters for Asiana Cargo on key trans-Pacific routes, connecting Korea with several destinations in the United States.  The service is scheduled to begin later this month. William J. Flynn, president and CEO of Atlas Air Worldwide, called theRead More

More freighter orders for Boeing

More freighter orders for Boeing

February 13, 2017 at 6:46 pm 0 comments

January was kind to Boeing in terms of freighter aircraft orders – especially if you consider the 767-200C a freighter. To start, Istanbul-based Turkish Airlines converted two 777 passenger aircraft orders to freighters, and an unidentified customer ordered one 777F. As shown in the chart, this brings Boeing’s total orders forRead More

Brazil’s economic crisis keeps LATAM Cargo in the weeds

Brazil’s economic crisis keeps LATAM Cargo in the weeds

February 9, 2017 at 6:52 pm 0 comments

LATAM Airlines’ cargo business, along with the regional economy, got pounded in 2016, and the latest January numbers suggest that the beleaguered Santiago-based carrier isn’t out of the woods yet, despite a 1.9-percentage-point increase in its cargo load factor. According to the carrier’s monthly report, out yesterday, revenue tonne kilometersRead More