Post Tagged with: "Cathay Pacific"

Cargo shines in Cathay’s dark first half

Cargo shines in Cathay’s dark first half

Asia, Capacity & Demand, Carriers, Earnings, News August 18, 2017 at 10:16 am

The Cathay Pacific Group reported a net loss of US$262 million in the first half of 2017, down from a profit of $45 million in 1H16, as the carrier’s passenger business struggled in the face of increasing competition from airlines based in mainland China. On the cargo side, however, thereRead More

The world’s top 50 cargo carriers

The world’s top 50 cargo carriers

Carriers, Express, News August 8, 2017 at 10:23 am

A year ago, when we looked at the top cargo carriers of 2015, we focused on Emirates’ rapid rise from nowhere to become a powerhouse that dominated the international air freight market. But Emirates does not carry domestic cargo, and FedEx, as it had done for many years, combined itsRead More

Green grass and high tides for Atlas

Green grass and high tides for Atlas

Asia, Capacity & Demand, E-Commerce, Earnings, Express, News August 2, 2017 at 10:56 am

Not only did Atlas Air Worldwide Holdings (AAWW) report an extremely strong second quarter and first half, CEO Bill Flynn said the company expected the good momentum “to carry through 2017, into 2018, and beyond.” In the second quarter, Atlas reported net income up 89.3% over 2Q16 to $40 million,Read More

Cathay and DHL plan reorganization of Air Hong Kong

Cathay and DHL plan reorganization of Air Hong Kong

Aircraft, Asia, Carriers, Express, News, Strategy July 11, 2017 at 10:49 am

In an announcement on the Hong Kong Stock Exchange, Cathay Pacific Airways and DHL Express said they had entered into a non-binding memorandum of understanding covering a change in ownership of their Hong Kong-based joint-venture all-cargo airline, Air Hong Kong (AHK). In the MoU, the two companies say “it isRead More

An (adjusted) flying start for Atlas in 2017

An (adjusted) flying start for Atlas in 2017

Capacity & Demand, E-Commerce, Earnings, Express, News May 3, 2017 at 10:54 am

Atlas Air Worldwide Holdings (AAWW) reported a net first-quarter loss of $752,000 (compared to a $471,000 profit in 1Q16), as total revenues rose 13.6% y-o-y to $475 million. Operating income for the quarter was up 19.8% to $24 million. Given the net loss, why was Atlas so pleased with theRead More

Exceptional cargo gains at Cathay and Turkish

Exceptional cargo gains at Cathay and Turkish

Asia, Capacity & Demand, Carriers, News, Traffic April 20, 2017 at 10:42 am

After a very poor start in 2016, air freight demand began growing in the second half, and a strong peak season brought the full-year increase in cargo traffic to 3.2% above 2015 level. Still, 2017 began with everyone nervous about  the possibility that, after the strong peak, demand growth wouldRead More

EU antitrust fines resurface

EU antitrust fines resurface

Carriers, News March 17, 2017 at 10:56 am

In 2015, EU Courts, “on procedural grounds” threw out fines of US$844 million against a handful of airlines for their alleged participation in a cargo cartel between 2000 – 2006. This week the case is back to haunt airlines, with the European Commission undoing its annulment, and reimposing the fines. DuringRead More

Air cargo continues upward trajectory in August

Air cargo continues upward trajectory in August

News, Traffic September 15, 2016 at 10:56 am

Now that many of the world’s major cargo carriers and airports have reported their August results, it seems that June was indeed the turning point for 2016 cargo traffic. For the third consecutive month, most airports and carriers are showing growth – even Taiwan-based EVA airways seems to have turnedRead More