Air Cargo Carriers News

Air cargo carriers news and analysis from the Journal of Commerce covers updates of air cargo carriers, pricing, air craft carrier capacity, rates, routings and technology.

The latest Air Cargo Carriers News News & Analysis

Air India, Air New Zealand face stiff penalties in price-fixing case

Greg Knowler, Senior Europe Editor |
Air India and Air New Zealand are the last two defendants in a long-running antitrust litigation brought against nearly 30 providers of air cargo services, but a nasty surprise could be in store for the carriers in a trial scheduled for September.
Air Cargo Carriers News

Air China the latest to settle US price-fixing lawsuit

Greg Knowler, Senior Europe Editor |
Another multimillion-dollar settlement was reached in the long-running antitrust class action lawsuit in the U.S. that has involved most of the world’s major carriers, with Air China agreeing to pay $50 million.
Air Cargo Carriers News

Europe, Asia-Pacific stalled air cargo growth in 2015

Bruce Barnard, Special Correspondent |
Global air cargo traffic increased 2.2 percent year-over-year in 2015, less than half the 5 percent rise in 2014, due mainly to sluggish trade growth in Europe and Asia-Pacific, according to the International Air Transport Association.
Air CargoAir Cargo Carriers News

Profit up at Japan's top air carriers despite lower cargo revenue

Hisane Masaki |
ANA Holdings Inc. and Japan Airlines Corp. both saw their group net profits soar in the first nine months of the fiscal year ending March 31 on a year-over-year basis, despite lower cargo revenues.
Air Cargo Carriers News

Cargolux, Turkish Airlines buck trend, boost traffic

Bruce Barnard, Special Correspondent |
Cargolux bucked the downward trend in Europe’s air cargo market, boosting traffic by 7.4 percent in 2015 and unveiling plans to increase its freighter fleet.
Air Cargo Carriers News

Atlas Air Worldwide acquires competitor

JOC Team |
Atlas Air Worldwide Holdings’ plan to acquire competitor Southern Air Holdings will diversify the air cargo carriers’ fleet, strengthen its relationship with its biggest customer, DHL Express, and position it to grow in the U.S. and globally, according to a BB&T analyst.
Air Cargo Carriers News

Cargolux invests $77 million in Cargolux China

Bruce Barnard, Special Correspondent |
Cargolux is to invest $77 million in Cargolux China, a new joint venture carrier, scheduled to start operations in 2017.
Air Cargo Carriers News

Cathay posts cargo growth despite capacity overhang

Greg Knowler, Senior Europe Editor |
Cathay Pacific and sister carrier Dragonair handled just short of 1.8 million tons of air cargo in 2015, recording growth of 4.3 percent despite a difficult year for the air freight industry as it struggled to balance capacity supply and demand.
Air Cargo Carriers News

Lufthansa Cargo 2015 traffic down, but retains top Europe ranking

Bruce Barnard, Special Correspondent |
Lufthansa Cargo retained its top ranking among Europe’s cargo airlines in 2015 even as traffic shrank 2.4 percent from the previous year and two more freighters are being taken out of service.
Air Cargo Carriers News

Global air cargo market may be 'bottoming out'

Bruce Barnard, Special Correspondent |
The decline in global air cargo demand “may be bottoming out”, following a month-on-month increase in November traffic, according to the International Air Transportation Association.
Air Cargo Carriers News

Airlines prepare for cargo surge when box weight rule is enforced

Greg Knowler, Senior Europe Editor |
The International Air Transport Association will urge member airlines to prepare for a possible surge in air freight volumes caused by possible disruptions when the new container weighing requirements are implemented globally from July.
Air Cargo Carriers NewsAir Cargo Forwarder News

Polar hit with $100 million bill in US class action suit

Greg Knowler, Senior Europe Editor |
Polar Air Cargo will pay customers $100 million after settling an on-going antitrust class action lawsuit that has drawn in most of the world’s major carriers and so far generated more than $1.1 billion in settlements.
Air Cargo Carriers News

Qatar Airways adds two new freighters

Bruce Barnard, Special Correspondent |
Qatar Airways has taken delivery of two new freighters, expanding its all-cargo fleet to 16 aircraft and consolidating its position as the world’s third-largest international air freight carrier.
Air Cargo Carriers News

Air France faces fresh strikes

Bruce Barnard, Special Correspondent |
Air France’s troubled cargo unit faces further disruption as unions have called for five days of strikes across the carrier in January.
Air Cargo Carriers News

China Airlines, Yang Ming, Chungwa Post ally to meet e-commerce demand

Dustin Braden, Shipper Relationship Manager |
China Airlines, Yang Ming Line and Chungwa Post, Taiwan’s national postal service will cooperate on sea and air freight services to better compete in the booming e-commerce market in Asia.
Logistics Technology NewsAir Cargo Carriers News

Qatar Airways to launch freighter route to Dallas/Fort Worth

Bruce Barnard, Special Correspondent |
Qatar Airways Cargo is launching a new freighter route to Dallas/Fort Worth from Liege in the new year that the carrier says will be the start of a major expansion of its network and fleet through 2016.
Air Cargo Carriers News

AirBridgeCargo continues to outpace rivals

Bruce Barnard, Special Correspondent |
Russia’s AirBridgeCargo Airlines pulled further ahead of its struggling Europe rivals, with traffic soaring 27 percent in November from a year ago despite the deepening economic crisis in its domestic market.
Air Cargo Carriers News

Cargolux cuts deal with pilots, avoids strike

Bruce Barnard, Special Correspondent |
Cargolux has agreed to a new labor contract with its pilots, removing the threat of a strike at Europe’s largest all-cargo airline.
Air Cargo Carriers News

EU court throws out $861 million air freight cartel fines

Bruce Barnard, Special Correspondent |
A European Union court today overturned 790 million euros ($861 million) in fines against 11 airlines, including Air France-KLM and British Airways, for participating in a global cartel that fixed air freight rates.
Air Cargo Carriers News

Air cargo slump drags down Hong Kong, Cathay volume

Greg Knowler, Senior Europe Editor |
Hong Kong’s airport and its leading airline saw their hopes for a strong air freight finish to the year dashed as November figures fell back into negative growth that has gripped the world’s busiest airport for most of the year.
Air Cargo Carriers News

Lufthansa, United Airlines plan trans-Atlantic cargo partnership

Bruce Barnard, Special Correspondent |
Lufthansa and United Airlines plan to expand their current passenger partnership to cargo operations between Europe and the U.S.
Air Cargo Carriers News

Belly cargo ban to US hurting Egypt’s clothing sector

Greg Knowler, Senior Europe Editor |
The ban of belly cargo on Egypt Air passenger flights to North America is creating chaos in Egypt’s textiles and cottons sector, which has made up 45 percent of the country’s exports to the U.S. this year.
Air Cargo Carriers News

Cathay to pay $4 million to settle Canada price-fixing probe

Greg Knowler, Senior Europe Editor |
Cathay Pacific has agreed to pay $4.4 million to settle litigation in Canada in a cargo anti-trust class action in which the carrier was a defendant.
Air Cargo Carriers News

Russia cargo airline loses six crew in Mali terror attack

Greg Knowler, Senior Europe Editor |
Six Volga-Dnepr crew members were among the 22 people killed in a terrorist raid on a hotel in the Mali capital of Bamako on Nov. 20, the Russian heavy-lift airline has announced.
Air Cargo Carriers News

Use foreign routes or lose them, transport minister tells Indonesia airlines

Greg Knowler, Senior Europe Editor |
Indonesia’s Minister of Transport threw down the gauntlet to domestic air carriers, warning that if they were not able to add international routes he would offer them to foreign airlines that were knocking at the door.
Air Cargo Carriers News

Air France-KLM cargo losses continue

Bruce Barnard, Special Correspondent |
Air France-KLM’s cargo losses narrowed in the third quarter but revenue and traffic shrank as the carrier slashed its full-freighter capacity in a bid to return to the black.
Air Cargo Carriers News

Lufthansa Cargo heading for first annual loss in six years

Bruce Barnard, Special Correspondent |
Lufthansa Cargo is heading for its first annual loss in six years after Europe’s largest freight airline sank into the red for the second consecutive quarter.
Air Cargo Carriers News

Qatar Airways plans new cargo terminal

Bruce Barnard, Special Correspondent |
Qatar Airways unveiled plans to build a new cargo terminal at its global hub at Hamad International Airport in Doha to keep pace with its “phenomenal” traffic growth.
Air Cargo Carriers News

ANA’s net profit surges despite weaker cargo revenue

Hisane Masaki |
All Nippon Airways Co.’s efforts to capture cargo normally moving through West Coast ports that was delayed because of congestion weren’t enough to offset weak demand from Europe and North America to Japan.
Air Cargo Carriers News

AirBridgeCargo traffic growth continues to outpace Europe rivals

Bruce Barnard, Special Correspondent |
Russia’s AirBridgeCargo Airlines continues to outperform its European rivals with traffic soaring 28 percent in September despite the steep slump in its domestic economy.
Air Cargo Carriers News

Russia’s AirBridgeCargo pulls further ahead of European rivals

Bruce Barnard, Special Correspondent |
Russia’s AirBridgeCargo Airlines is pulling further ahead of its troubled European rivals as it continues to post double digit increases in traffic month after month.
Air Cargo Carriers News

AirFrance-KLM Cargo inks partnership with China Southern

Bruce Barnard, Special Correspondent |
Air France KLM Martinair Cargo has signed a partnership agreement with China Southern Cargo spanning the carriers’ global networks.
Air Cargo Carriers News

Flat growth as Cathay Pacific flies into the slack season

Greg Knowler, Senior Europe Editor |
Cathay Pacific and sister carrier Dragonair reported flat growth in air cargo during August as the Hong Kong-based airlines limp into the slack period before what is hoped will be a last-quarter peak season.
Air Cargo Carriers News

AirBridgeCargo launches Singapore service

JOC Staff |
AirBridgeCargo, which has so far outperformed its European rivals this year, has begun operations connecting Moscow to Singapore's Changi Airport.
Air Cargo Carriers News

Perishables, pharmaceuticals warm up air cargo growth

Lara L. Sowinski |
Perishables and pharmaceuticals — among the most lucrative segments of the air cargo because of the time-sensitive nature of their delivery — are at the forefront of air carrier plans to bolster revenue.
Air Cargo Carriers NewsCool Cargo News

IAG Cargo extends, expands Qatar Airways deal

Bruce Barnard, Special Correspondent |
IAG Cargo has indefinitely extended the capacity partnership agreement with Qatar Airways that marked the Anglo-Spanish carrier’s exit from freighter operations a year ago.
Air Cargo Carriers News

Lufthansa Cargo, SwissWorldCargo introduce new pricing structure

Bruce Barnard, Special Correspondent |
Lufthansa Cargo and its affiliate Swiss WorldCargo are introducing a new simplified pricing system for the winter season in response to “the volatility of external cost factors.”
Air Cargo Carriers News

IAG Cargo revenue grows as volume falls

Bruce Barnard, Special Correspondent |
IAG Cargo’s revenue grew 8.8 percent in the second quarter as favorable exchange rate movements offset lower traffic and a flat load factor.
Air Cargo Carriers News

Cargo operations help JAL post record profit

Hisane Masaki, Special Correspondent |
Japan Airlines Corp.’s revenue from cargo operations grew faster than overall revenue in the first quarter of fiscal 2015, helping the carrier’s net profit surge 120.7 percent in the April-June quarter from the same three-month period last year to 32.6 billion yen ($263 million) on a consolidated basis.
Air Cargo Carriers News

Lufthansa Cargo's five-year winning streak ends with 2Q loss

Bruce Barnard, Special Correspondent |
Lufthansa Cargo’s five-year winning streak ended abruptly in the second quarter as it slumped to a 68 million euros ($74.8 million) operating loss from a 20 million euro profit a year ago.
Air Cargo Carriers News