LATAM ends streak of 19 consecutive quarterly revenue losses with Q3 spike

The good news is finally in for LATAM Cargo, which overturned a spate of poor quarterly performance to post cargo revenues up 2.5 percent to US$272.2 million for the third quarter – the first year-on-year quarterly increase since Q2 2013. Cargo traffic, measured in revenue tonne kilometers (RTKs), grew 3.5 percent over the quarter. The […]

More dismal numbers from LATAM Cargo as RTKs slide

If there’s a “Latin America turnaround” happening, it sure didn’t manifest itself in LATAM Cargo’s books in the month of October, as the struggling cargo operator’s revenue tonne kilometers (RTKs) fell 2.9 percent, dragging the year-to-date total down to 1.5 percent. LATAM Cargo is also cutting capacity, with year-over-year available tonne kilometers down 3.9 percent […]

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 […]

LATAM Cargo’s ‘Solidarity Plane’ delivers aid to Puerto Rico

LATAM Cargo transported more than 40 tonnes of disaster relief supplies from Miami to Puerto Rico, which is still struggling to recover from the devastation of Hurricane Maria more than a month after the Category 4 storm hit on Sept. 20. The humanitarian aid came aboard a 767 freighter through LATAM’s “Solidarity Plane” initiative, which […]

Five months and counting: Is LATAM Cargo out of the woods?

LATAM Cargo has extended its winning streak to five months, posting a 2.3 percent increase in revenue tonne kilometers (RTKs), year-over-year, to 285 million in the month of September. But with the year-to-date average still down 1.3 percent overall, LATAM Cargo’s ledgers still carry the weight of years of regional downturn. September also saw LATAM […]

LATAM Cargo posts stronger August numbers, but still down for 2017

LATAM Airlines Cargo reported its fourth straight month of gains in revenue tonne kilometers (RTKs) for August. However, the beleaguered Chilean carrier’s RTKs, year-to-date, are still lower compared with the same period in 2016, as struggling Latin American economies weighed on cargo volumes in the region during the first half of 2017. LATAM Cargo reported […]

LATAM Cargo fails to capture Latin American cargo upswing

Latin American economies are turning the corner, at least if airfreight is any indicator, yet beleaguered LATAM can’t seem to catch the momentum, posting a meager 0.8 percent year-over-year  growth in revenue tonne kilometers (RTKs) in July. LATAM’s strategy of cutting capacity in the face of dwindling demand for its cargo product seems to be […]

Qatar Airways to expand Latin America with cargo-friendly flights

While it still struggles with a Saudi-led boycott of trade with several Middle East nations, Qatar Airways is looking elsewhere and following through on its planned expansion of operations in Latin America. The Doha-based carrier announced plans to offer passenger flights on cargo-friendly A350-900 widebodies from Doha to Rio de Janeiro and Santiago, beginning next […]

The Freight 50: A strong finish to 2016

A strong finish In some ways, 2016 came in like a lamb for the airfreight industry and went out like a lion – one whose roar can still be heard today as the surge in demand carried well into 2017. IATA’s WATS report noted that the particularly strong peak season in 2016 “coincided with a […]

LATAM Cargo charts second month of growth, following dismal start to 2017

LATAM Airlines Cargo still can’t seem to catch a break, even when the news is good. Cargo volumes at the Chilean carrier moved up in the month of June, registering a 2.7 percent year-over-year increase after years of mostly poor results. But last month’s showing wasn’t enough to offset year-to-date declines in volumes of 3.7 […]

10 fresh faces in air cargo in 2017

Along with a resurgence in confidence in airfreight, the first half of 2017 has seen an unusually high number of personnel changes and promotions among the executive ranks of air carriers and other logistics firms, while some of the industry’s legends have decided to step down. While this is hardly a comprehensive list, Air Cargo […]

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

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 the three weeks leading up to […]

Valentine’s day flower trade drives air cargo business [ VIDEO]

In the run-up to Valentine’s Day this year, Emirates SkyCargo has added four additional freighters from Nairobi, carrying an additional 350 tonnes of flowers into Amsterdam. LATAM Cargo announced that it is transporting more than 160 million bouquets of flowers (around 9,000 tons) in the three weeks leading up to Valentine’s Day. Luxembourg-based Cargolux said […]

Brazil’s economic crisis keeps LATAM Cargo in the weeds

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 kilometers fell 2.4 percent, year-over-year, to […]
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