LATAM sees dip in Q2 cargo traffic, revenue

LATAM Airlines’ cargo traffic declined 2.9% y-o-y during the second quarter to 849 million freight tonne kilometers (FTKs), leading to a 10.2% y-o-y decline in cargo revenue to US$269.3 million, the company said today during its earnings call. LATAM said that these figures were particularly impacted by the sale of the company’s former subsidiary MasAir in the second half of […]
  • Chelsea Toczauer
  • August 14, 2019

Slow trade lingers in European carrier traffic stats for July 

In July’s first look, European carriers reported mixed results, indicating that the impact of protectionist policies on global trade and major carriers’ traffic lingers. Both Lufthansa Group and Air France-KLM reported year-over-year declines in cargo traffic, while International Airlines Group’s July performance was flat, in comparison to 2018. Only Turkish Cargo reported significant volume growth for the month.  For the first […]
  • Chelsea Toczauer
  • August 13, 2019

British Airways locked in negotiations to avert strike by pilots

British Airways is locked in talks with its pilot union in a last-ditch attempt to diffuse a dispute over pay and avoid a walkout by crew in the critical summer travel season. Management from the airline and representatives of the British Airlines Pilots Association, or Balpa, are meeting in London Friday at the U.K.’s state-backed […]
  • Bloomberg News
  • August 2, 2019

European carriers report rebound in May traffic 

In May, European-based carriers Air-France-KLM, International Airlines Group and Lufthansa Cargo Group reported year-over-year increases in their monthly traffic results. Carrier traffic performance this month shows a slight recovery from the declines these carriers reported in earlier months.  Air France-KLM’s May traffic rose 4.3% y-o-y across the group to 731 million FTKs. Both Air France and KLM contributed to […]
  • Chelsea Toczauer
  • June 20, 2019

IAG Cargo saves the day amidst U.K. heat wave

On a hot summer day, what’s better that a crisp, fresh salad? Consumers in the U.K. were almost forced to find out last week when the island nation was nearly left without its leafy greens due to extreme heat. In response, U.K.-based IAG Cargo shipped more than 30,000 heads of iceberg lettuce from Los Angeles to London […]
  • Nina Chamlou
  • July 11, 2018

Qatar Airways investments equal nearly 10 percent of Cathay Pacific ownership

Expanding its reach into the Asia-Pacific region, Qatar Airways agreed to purchase shares amounting to about 9.6 percent ownership in Hong Kong-based Cathay Pacific Airways. Cathay Pacific, like Qatar Airways, belongs to the oneworld global airline alliance. According to Reuters, Qatar Airways bought roughly 378 million of Cathay Pacific’s shares from Hong Kong’s Kingboard Chemical […]
  • Caryn Livingston
  • November 6, 2017

Qatar Airways raises stake in IAG – again

For the second time in less than a month, Qatar Airways Ltd. increased its stake in IAG SA, an airline holding group with a portfolio that includes British Airways, Iberia Airways and other prominent airlines. Qatar Airways’ move to bump its stake to 15.1 percent comes on the heels of a recent jump from 9.99 […]
  • Charles Kauffman
  • May 18, 2016

LATAM, AA, IAG seek new partnership

LATAM, American Airlines, British Airways and Iberia are shaking things up for 2016. LATAM – the newly rebranded entity comprised of Chile’s LAN Airlines and Brazil’s TAM Lineas Aéreas S.A. – said it will apply for antitrust immunity with the U.S. Department of Transportation and the relevant authorities in South America to form a joint […]
  • Staff Reports
  • January 16, 2016

Logistics M&A activity makes big splash in Q2

A rash of “mega-deals” during the second quarter of 2015 have made transportation and logistics one of the hottest mergers and acquisitions sectors, boosting the average deal value to US$564 million, according to a recent study by PricewaterhouseCoopers. There were nine M&A deals made during the quarter with a combined value of $23.6 billion, which […]
  • Staff Reports
  • August 11, 2015

IAG to begin 787-9 Heathrow-Delhi cargo service

IAG Cargo will begin cargo services on a new Boeing 787-9 Dreamliner this fall. The aircraft will make five weekly frequencies on the London Heathrow-Delhi route, beginning October 25. By replacing a passenger-configured 747 on the Delhi service, IAG will be able to offer cargo customers around 17 percent more capacity per flight. The 787-9 […]
  • Staff Reports
  • July 13, 2015

IAG Cargo launches London-Kuala Lumpur route

With Malaysia experiencing strong economic growth and increased trade, IAG Cargo has begun a London-Heathrow-to-Kuala Lumpur frequency, beginning May 27. The route is being operated by a 777-200ER, which will provide 15 tonnes of capacity on each daily flight. Malaysia’s economy is expected to grow by 4.7 percent this year, and to accelerate to approximately […]
  • Staff Reports
  • May 27, 2015

IAG, Cargo Airlines Association speak out on open skies

The Cargo Airlines Association, representing the all-cargo carrier industry, issued a statement Thursday urging the U.S. government to maintain its open skies agreements it negotiated with 115 countries worldwide, which promote world trade. The association maintains that cargo carriers employ more than 760,000 people, and that those jobs would be in jeopardy if any action […]
  • Staff Reports
  • May 15, 2015

Leaders in logistics recognized at 2015 Air Cargo Excellence Awards

FROM THE PRINT EDITION: There were many familiar faces in Shanghai last month during the Air Cargo Excellence (ACE) Awards ceremony. But there were also some notable newcomers that climbed the ranks in this celebra­tion of the top air logistics industry firms, as chosen by Air Cargo World readers. All three air cargo carriers that […]
  • Staff Reports
  • April 3, 2015

Qatar Airways buys stake in IAG

In a move with possible long-haul airfreight implications for both carriers, Qatar Airways has purchased a 9.99 percent share of International Airlines Group (IAG), the parent company of Iberia and British Airways. The stake, worth about £1.15 billion (US$1.7 billion), strengthens a bond between the two carriers that began when Qatar joined the 30-member oneworld […]
  • Randy Woods
  • January 31, 2015
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