Cargo Facts
SUBSCRIBE
  • NEWS
  • DATA
  • MULTIMEDIA
  • MAGAZINE
    • Issue Archive
    • Weekly Update
  • EVENTS
  • CONSULTING
Sunday, February 28, 2021
Log In
No Result
View All Result
  • Aircraft Leasing
  • Capacity & Demand
  • Carriers
  • E-Commerce
  • Engines
  • Express
  • Freighter Aircraft
  • Freighter Conversions
Cargo Facts
  • NEWS
  • DATA
  • MULTIMEDIA
  • MAGAZINE
    • Issue Archive
    • Weekly Update
  • EVENTS
  • CONSULTING
Log In
No Result
View All Result
Cargo Facts
No Result
View All Result

NCA reports net loss in 2Q due to freighter grounding

Nina Chamlou by Nina Chamlou
November 9, 2018
in Carriers, News Archives
Share on FacebookShare on TwitterShare on LinkedIn
NCA will offload its three 747-400Fs.

Nippon Cargo Airlines (NCA) reported a US$86.1 million second-quarter loss in net income in its 2018 interim release – an over 250% decrease compared to the same period last year, in which it saw a positive US$55.3 million net income. The loss comes as no surprise after the grounding of NCA’s eleven 747 freighters, which put a stop to nearly all of NCA’s cargo operations outside of ACMI leased capacity.

The carrier’s entire fleet of 747 freighters was grounded in June when a government audit discovered discrepancies in the airline’s maintenance records. In August, the carrier stated it would seek to offload its 747-400Fs and move to a platform consisting entirely of 747-8Fs.

Yesterday, we reported that at least two of the all-cargo carrier’s three still-idled 747-400Fs have been stored at Victorville (VCV) this week, and covered some likely airlines that could end up acquiring the three -400Fs.

NCA is moving forward to reestablish its last remaining routes for the 747-8Fs – Tokyo-Los Angeles (NRT-LAX) and NRT-Frankfurt/Hahn (HHN) as soon as possible.

The Japan-based carrier forecasted that by the end of 2019, it will be about US$52.7 million in the hole, measured by net income.

Tags: NCA
Previous Post

Air Madagascar considers adding freighter

Next Post

Turkish Airlines, Hong Kong Air Cargo pursue collaboration

Related Posts

ATSG set to lease 24 more 767Fs through 2022
Aircraft Leasing

ATSG set to lease 24 more 767Fs through 2022

February 26, 2021
ASL 738F
Express

CFC’s Horst on e-commerce-driven EU airport peak

February 26, 2021
Amerijet’s Strauss on ACMI future
Carriers

Amerijet’s Strauss on ACMI future

February 25, 2021
Next Post

Turkish Airlines, Hong Kong Air Cargo pursue collaboration

By subscribing you agree to our Terms of Use and Privacy Policy

Get Latest Issue

CARGO FACTS CONSULTING

ASL 738F

CFC’s Horst on e-commerce-driven EU airport peak

February 26, 2021
CFC: U.S. air trade down 6% in 2020

CFC: U.S. air trade down 6% in 2020

February 19, 2021
  • About Us
  • Help Center
  • Privacy Terms
  • ADA Compliance
  • Advertise

Follow Us

twitter twitter linkedin podcast

© 2021 Royal Media & Cargo Facts

No Result
View All Result
  • News
    • All News
    • Aircraft Leasing
    • Capacity & Demand
    • Carriers
    • E-Commerce
    • Engines
    • Express
    • Freighter Aircraft
    • Freighter Conversions
  • Data
  • Multimedia
  • Magazine
    • Issues Archive
    • Weekly Update
  • Events
  • Consulting
  • Subscribe
  • Log In / Account

© 2021 Royal Media & Cargo Facts

Go to mobile version