Demand grows in Hong Kong and Singapore

When we published our first look at February cargo demand last week there were still a few of the major players to be heard from – Singapore Airlines, Cathay Pacific Airlines, and Hong Kong International Airport in Asia; and Amsterdam Airport Schiphol in Europe. All four of those laggards have now published their February data, […]
  • David Harris
  • March 20, 2018

Vietjet Air Cargo in search of 737-400Fs

Since commencing operations in December 2011, Hanoi-based VietJet Air has rapidly expanded its passenger aircraft fleet to fifty-four A320/A321-family aircraft. But the growth doesn’t stop there – the ambitious carrier has outstanding orders for one-hundred 737 MAX 200s and seventy-eight A321s. Of greater interest, however, is that freighters may finally be in the cards for […]
  • Charles Kauffman
  • March 19, 2018

A strong cargo performance wasn’t enough to keep Cathay in the black in 2017

Cathay Pacific Airways’ cargo business soared in 2017, but the carrier nonetheless reported a net loss of US$161 million, as  “fundamental structural changes within the airline industry continued to create a challenging operating environment for our airline businesses.” Which is executive-speak for something like “competition in the passenger business was really tough, and our yields […]
  • David Harris
  • March 15, 2018

February results show that 2018 is off to a strong start

As we  pointed out last month, air freight demand growth statistics for January must be treated with considerable skepticism. The variable timing of the Chinese New Year holiday can push traffic that would normally move in January to February, or vice versa. Therefore, it makes sense to wait for the February data before reaching any […]
  • David Harris
  • March 14, 2018

Longhao Airlines to double freighter fleet

Guangzhou-based all-cargo carrier Longhao Airlines launched eleven-months ago with a single 737-300F. By year-end 2017, the carrier, which operates charter flights almost exclusively for Shenzhen-based SF Airlines, had three 737-300Fs in service. In February, Longhao added units four and five (29108, 29109), and outlined plans to further grow its narrowbody freighter fleet to seven 737Fs […]
  • Charles Kauffman
  • March 1, 2018

A record quarter for Atlas

Atlas Air Worldwide Holdings (AAWW) reported fourth-quarter 2017 net income up well over 600% y-o-y to $209.5 million, as revenue rose  18.5% to a record $627.9 million. Operating income for the quarter was up 5.2% to $106.7 million. The huge jump in reported net income was driven by three one-time financial items: A $130 million […]
  • David Harris
  • February 22, 2018

Expeditors flies high!

US-based forwarder and logistics services provider Expeditors International reported fourth-quarter net income up 51.2% y-o-y to $168 million, as net revenue increased 14.6% to $629 million. Operating income for the quarter was up 15.6% to $199 million. At first glance, the more than 50% increase in profit looks odd, but the quarter’s net income included […]
  • David Harris
  • February 21, 2018

AirBridgeCargo exploring a dual-hub strategy

Russia-based all-cargo carrier AirBridgeCargo is seeking to further consolidate its European freighter operations with the establishment of a secondary hub in Western or Central Europe that would complement its existing Moscow Hub.  The carrier is reportedly in the process of evaluating thirteen airports across Western and Central Europe to determine their ability to add adequate […]
  • Charles Kauffman
  • February 16, 2018
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