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

ANA Holding's profits up despite cargo revenue declines

Hisane Masaki, Special Correspondent |
ANA Holdings Inc. saw its group net profit more than double year-over-year in the first quarter of fiscal 2015, which started in April, despite weaker revenue from cargo operations.
Air Cargo Carriers News

IAG Cargo, Finnair Cargo strike freighter deal

Bruce Barnard, Special Correspondent |
IAG Cargo and Finnair Cargo have signed an agreement to share space on a freighter service between London Luton and Helsinki airports as the two carriers map out a new strategy following their decision not to operate their own cargo aircraft.
Air Cargo Carriers News

Air France-KLM cargo sinks deeper into the red

Bruce Barnard, Special Correspondent |
Air France-KLM’s cargo business is sinking deeper into the red as its second-quarter operating loss soared to 78 million euros ($86 million) from 45 million euros a year ago despite desperate cost-cutting measures.
Air Cargo Carriers News

AirBridgeCargo growth leaves rivals grounded

Bruce Barnard, Special Correspondent |
Air Cargo Carriers News

Plaintiffs in air cargo price-fixing suit awarded class-action status

JOC Staff |
Shippers seeking damages from cargo airlines accused of price-fixing have been granted class-action status, allowing hundreds of thousands of people to seek damages against the airlines.
Air Cargo Carriers NewsTransport, Trade, and Regulation News

Lufthansa Cargo volume drops as strikes loom

Bruce Barnard, Special Correspondent |
Lufthansa Cargo’s traffic shrank in June as the German carrier failed to sell all of its extra capacity, pushing its load factor close to a six year low as it braces for more pilot strikes.
Air Cargo Carriers News

China’s big three cargo airlines will merge, aviation boss says

Greg Knowler, Senior Europe Editor |
China’s three largest cargo airlines will join forces to form the largest air freight carrier in Asia, according to a senior official at the Civil Aviation Administration of China, mainland state media reported.
Air Cargo Carriers NewsTransport, Trade, and Regulation News

Surplus capacity, weak demand clouds outlook for Asia’s cargo carriers

Greg Knowler, Senior Europe Editor |
Global economic uncertainty and a slowing China continues to hang over cargo markets, with air and ocean transportation providers struggling to match capacity to demand while having little visibility going into the second half of 2015.
Supply chainContainer linesAir Cargo Carriers News

Freighter orders at Paris Air Show signal confidence in all-cargo option

Greg Knowler, Senior Europe Editor |
Any suggestion that freighter aircraft would play a lesser role in the supply chains of the future was firmly put to bed with 29 the number of all-cargo planes ordered from Boeing by the time the Paris Air Show ended this week.
Air Cargo Carriers News

AirBridgeCargo orders 20 Boeing 747-8 freighters

Bruce Barnard, Special Correspondent |
Russian cargo airline Volga-Dnepr signed a memorandum of understanding today to buy and lease twenty Boeing 747-8 freighters with a combined list price of $7.4 billion for its AirBridgeCargo Airline unit.
Air Cargo Carriers News

AirBridgeCargo traffic soars, outpaces euro rivals

Bruce Barnard, Special Correspondent |
AirBridgeCargo’s traffic soared 16 percent in the first five months of the year as Russia’s largest all-cargo carrier continued to outperform its struggling European rivals.
Air Cargo Carriers News

EVA Air finally runs out its freighter order book

Greg Knowler, Senior Europe Editor |
EVA Air has committed to purchase five Boeing 777 freighters at a list price of $1.5 billion at the Paris Air Show as the Taiwan carrier finally moves to upgrade its all-cargo fleet that was once the pride of the airline.
Air Cargo Carriers News

Cathay’s May cargo tonnage can’t outpace capacity growth

Greg Knowler, Senior Europe Editor |
Air Cargo Carriers News

It’s cargo carriers vs passenger airlines in US-Mideast subsidy probe

Greg Knowler, Senior Europe Editor |
Cargo carriers in the U.S. have raised concerns that action by Washington to curb open skies agreements with Middle Eastern carriers over allegations they are subsidised by their governments could become a threat to vital worldwide air freight networks.
Air Cargo Carriers NewsTransport, Trade, and Regulation News

Lufthansa Cargo traffic dips, but outperforms rivals

Bruce Barnard, Special Correspondent |
Lufthansa Cargo’s traffic dipped 1.4 percent in May as it failed to fill additional capacity, but the German carrier continued to outperform its main European rivals.
Air Cargo Carriers News

Cargolux begins twice-weekly Chicago-Zhengzhou service

JOC Staff |
Freighter operator Cargolux has launched a new twice-weekly air service between Chicago and Zhengzhou, China.
Air Cargo Carriers News

ANA, JAL report mixed fiscal 2014 results

Hisane Masaki |
ANA Holdings and Japan Airlines posted mixed earnings results in the fiscal year ended March 31, even as the two biggest Japanese air carriers saw their international cargo revenues soar.
Air Cargo Carriers News

Air France-KLM Cargo losses widened in first quarter

Bruce Barnard, Special Correspondent |
Air France-KLM Cargo remains mired in the red with the first-quarter operating loss almost doubling to 63 million euros ($70.6 million) from 34 million euros a year ago as the carrier rushes to downsize its unprofitable freighter operations.
Air Cargo Carriers News

IAG Cargo revenue, traffic declined in first quarter

Bruce Barnard, Special Correspondent |
IAG Cargo posted lower revenue and reduced volumes in the first quarter as the carrier continued to feel the impact of its exit from freighter operations.
Air Cargo Carriers News

Cargolux scrapes $3 million profit after freighter write-down

Bruce Barnard, Special Correspondent |
Cargolux’s net profit was squeezed to $3 million in 2014 from $8.4 million in 2013 by a $40 million impairment on its 747-400 freighter fleet and a provision for potential anti-trust fines.
Air Cargo Carriers News

Lufthansa defers construction of new Frankfurt cargo center

Bruce Barnard, Special Correspondent |
Lufthansa Cargo says it is delaying the construction of a new freight center at its Frankfurt hub “by at least two years.”
Air Cargo Carriers News

AirBridgeCargo Airlines traffic soars 20 percent

Bruce Barnard, Special Correspondent |
Russia’s AirBridgeCargo Airlines boosted freight tonnage by 20 percent in the first quarter as its rapidly expanding international network offset the impact of sanctions and an economic downturn in its domestic market.
Air Cargo Carriers News

No slowdown as data shows solid Asia-Pacific air cargo growth

Greg Knowler, Senior Europe Editor |
Air freight carried by Asian carriers grew by a solid 12.8 percent in the first two months of the year compared to the same period in 2014, according to data from the Association of Asia Pacific Airlines (AAPA).
Air CargoAir Cargo Carriers News

Qatar Airways to launch freighter service to Los Angeles

Bruce Barnard, Special Correspondent |
Qatar Airways Cargo is launching a freighter service between its Doha hub and Los Angeles International Airport, its fourth all-cargo service to the U.S.
Air Cargo Carriers News

Martinair Cargo to lay off 110 pilots in freighter cuts

Bruce Barnard, Special Correspondent |
Martinair, Air France-KLM’s all-cargo unit, announced it is laying off 330 employees, including 110 pilots, as it downsizes its freighter fleet in a bid to return to profitability.
Air Cargo Carriers News

Hong Kong’s third runway gets the green light

Greg Knowler, Senior Europe Editor |
The government of Hong Kong has approved the building of a third runway at Hong Kong International Airport (HKIA), announcing that it would fund the $18.2 billion expansion through internal funds, external borrowings and higher user fees.
Air CargoAir Cargo Carriers News

Cathay reports 30 percent rise in February cargo tonnage

Greg Knowler, Senior Europe Editor |
Cathay Pacific and sister carrier Dragonair carried almost 30 percent more cargo in February than during the same month last year as the Hong Kong-based airlines added capacity to cope with the lunar new year surge in demand.
Air CargoAir Cargo Carriers News

Lufthansa Cargo in the black for 5th straight year, with profit up 27 percent

Bruce Barnard, Special Correspondent |
Lufthansa Cargo’s operating profit surged nearly 27 percent in 2014. The German carrier remained in the black for the fifth consecutive year despite a weak global air freight market that has pushed many of its rivals into the red.
Air Cargo Carriers News

Lithium battery cargo carried on missing Malaysia flight MH370

Greg Knowler, Senior Europe Editor |
There were 221 kilograms of lithium ion batteries in the belly hold of Malaysia Airlines Flight 370 that vanished in March last year, according to the first comprehensive report into the disappearance of the Kuala Lumpur-Beijing aircraft.
Air CargoAir Cargo Carriers News

New products, services aim to grow temp-sensitive air cargo

Lara L. Sowinski |
With the air cargo industry under increasing competition from ocean carriers for certain cargoes, especially perishables, more sophisticated software and technology tools are helping drive the migration from ocean to air.
Air Cargo Carriers NewsCool Cargo News

DB Schenker reaches accord with three airlines in price-fixing lawsuit

Bruce Barnard, Special Correspondent |
DB Schenker, the logistics unit of German railroad Deutsche Bahn, has reached agreement with three airlines involved in a global price-fixing cartel but is still seeking damages from three other carriers.
Air Cargo Carriers News

Global air cargo off to slow start in 2015, IATA says

Bruce Barnard, Special Correspondent |
The global air cargo market got off to a sluggish start in 2015, with traffic up 3.2 percent year-over-year in January as lower volumes on European and North and South American routes offset strong growth in the Asia-Pacific region.
Air Cargo Carriers News

IAG cargo revenue declines on freighter business exit

Bruce Barnard, Special Correspondent |
International Airlines Group’s cargo revenue declined 7.5 percent in 2014 from the previous year, largely because the owner of British Airways and Iberia quit freighter operations.
Air Cargo Carriers News

Strong air freight demand to remain as US port backlog cleared

Greg Knowler, Senior Europe Editor |
Trans-Pacific air freight markets will continue to benefit from shipper demand as U.S. ports take several months to clear the backlog of containers that stacked up during the protracted waterfront labor dispute between terminals and the union.
Air CargoAir Cargo Carriers NewsNorth American ports

Air France-KLM cargo loss widened to $242 million in 2014

Bruce Barnard, Special Correspondent |
Air France-KLM’s cargo losses widened to 212 million euros [US $242 million] in 2014 from 202 million euros in the previous year as a two-week pilots’ strike compounded the impact of a weak global airfreight market.
Air Cargo Carriers News

Robust January demand keeps Cathay freighters busy

Greg Knowler, Senior Europe Editor |
Solid freight demand from North American markets saw Cathay Pacific and sister airline Dragonair get the year off to a good start and allowed the carrier to operate an almost full freighter schedule in January.
Air CargoAir Cargo Carriers News

Use air freight to avoid US port congestion, air cargo lobby says

Greg Knowler, Senior Europe Editor |
It was no surprise to find air cargo executives at the WCA Worldwide forwarders conference in Hong Kong lobbying for more shippers and forwarders to send their cargo via air, but the U.S. port congestion provided a helpful marketing tool.
Air CargoAir Cargo Carriers News

Airlines take hard look at unknown shippers as e-commerce booms

Greg Knowler, Senior Europe Editor |
The highly public spat between Alibaba Group and China regulators over allegations of counterfeit or misdeclared goods being sold via the Internet giant’s online platform has again highlighted supply chain safety and security concerns faced by logistics providers and airlines transporting the e-commerce products.
Air CargoAir Cargo Carriers News

AirBridgeCargo sets cargo record in its 10th year

Bruce Barnard, Special Correspondent |
Shrugging off the economic downturn in its home market, Russia’s AirBridgeCargo Airlines boosted traffic 17.6 percent in 2014, its 10th anniversary, even as leading Western airlines continued to downsize their freighter operations.
Air Cargo Carriers News

JAL’s profit slips despite strong cargo revenue

Hisane Masaki |
Japan Airlines reported a 3.1 percent year-over-year drop in group net profit for the first three quarters of fiscal 2014, to 119.684 billion yen (US$1.01 billion), despite a nearly double-digit rise in international cargo revenue.
Air Cargo Carriers News