Post Tagged with: "Cathay Pacific"

An (adjusted) flying start for Atlas in 2017

An (adjusted) flying start for Atlas in 2017

May 3, 2017 at 10:54 am 0 comments

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

April 20, 2017 at 10:42 am 0 comments

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

March 17, 2017 at 10:56 am 0 comments

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

September 15, 2016 at 10:56 am 0 comments

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

Lufthansa & Cathay

Lufthansa & Cathay

May 13, 2016 at 10:35 am 0 comments

To follow up on yesterday’s post about the new Lufthansa/Cathay Pacific cargo partnership, we offer some fleet and traffic details, and (it is Friday) some videos featuring the two airlines. Starting with the fleets: Both Lufthansa and Cathay operate large fleets of widebody passenger aircraft, with significant (and growing) belly capacity. LufthansaRead More

A partnership of giants

A partnership of giants

May 12, 2016 at 10:07 am 0 comments

Two of the world’s top three international cargo carriers have joined forces. Lufthansa and Cathay Pacific rank second and third, respectively, among all airlines in international cargo traffic, trailing only Emirates. So their formation of a joint network to connect Hong Kong to Europe, as announced today, is an interesting move. Regarding theRead More

Cathay Pacific recently increased freighter flights to Australia on higher demand for perishables.

Cathay cargo volume up, revenue down in 2015

March 11, 2016 at 10:10 am 0 comments

Cathay Pacific Airways’ cargo business saw the same top-line declines reported by many other carriers, as falling fuel surcharges led to a 9.0% drop in cargo revenue to US$3.0 billion. Cathay did not release separate operating income data for its cargo division, but given that cargo traffic for the yearRead More

China’s freighter fleet grows – and the pace is accelerating

China’s freighter fleet grows – and the pace is accelerating

January 27, 2016 at 10:52 am 0 comments

Two themes that have featured heavily in the air logistics media recently are the lack of growth in air freight demand, and the shift of what volume remains from freighters to the bellies of the current generation of widebody passenger aircraft. Moving from air cargo news to worldwide political andRead More