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 general freight.” IAG Cargo phased out[…]
thar she goes! Amid sad protests from children around America’s capital city region, a giant panda that had been on loan from China for three years at the Smithsonian Institution’s National Zoo in Washington, D.C., boarded a FedEx freighter flight to China earlier this week, leaving the U.S. to join a breeding program. The 777F[…]
China Airlines has expanded is cargo handling contract with Worldwide Flight Services (WFS), adding O’Hare International Airport to its list of airports served by the Paris-based ground handler. The 19-year contract now extends to five airports in the United States. Under the terms of the agreement, WFS will handle up to seven direct flights a[…]
On the strength of a stellar fourth quarter and a boost from the e-commerce traffic obtained in last year’s freighter deal with Amazon, Atlas Air Worldwide Holdings (AAWW) reported that 2016 was a historic year for the U.S.-based carrier. As David Harris notes in Cargo Facts, Air Cargo World‘s sister publication, AAWW posted strong numbers[…]
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 the lowest January posting, barring 2016,[…]
The momentum for IATA’s global standard for pharmaceutical handling continued to grow this week as Hong Kong Air Cargo Terminals Limited (Hactl) announced that it has met all IATA CEIV-Pharma certifications, making it the first handler in Hong Kong to obtain the certification. The process was sponsored by the Hong Kong Airport Authority, as part[…]
