DHL Express to add five ex-Etihad A330-200Fs

Between 28 December and 11 January, Abu Dhabi-headquartered Etihad Airways removed all five of its A330-200 production freighters from service and placed them into storage. For months, there were whispers about where these relatively young freighters (2000-2017 vintage) would end up. The answer to this question became clear earlier this week when EAT Leipzig took […]

• Charles Kauffman
• August 15, 2018

July traffic first look suggests stronger air cargo performance

Last month, when many of the world’s major airports and carriers released June performance metrics, the air freight industry seemed poised to begin feeling impacts from the ongoing trade war between the United States and China. Now that July results from carriers, handlers, and airports are beginning to come in, the outlook is slightly more […]

• Caryn Livingston
• August 15, 2018

Revisiting the 747-400 Freighter

In November 2017, air freight traffic was growing 8.0% year-over-year, jet fuel was selling for about $1.75/gallon, Cargolux CEO Richard Forson was telling journalists that he was thinking about expanding his fleet of 23 747 freighters, and Boeing’s production of new 747-8Fs had slowed to a crawl. From where were these additional freighters to come? […]

• Alan Hedge
• August 10, 2018

Turkish Cargo revenues, volumes rise in 1H

Turkish Cargo reported cargo revenues rose 35% y-o-y in 1H18, to US$784 million. During the same period cargo volumes increased by 27.7%, to 660 thousand tonnes. Since the first half of 2017, Turkish has added two 777Fs to its eighteen-unit freighter fleet.

• Charles Kauffman
• August 10, 2018

Volga-Dnepr, Henan Province partner on Belt and Road initiative

Russia-based Volga-Dnepr Group signed an agreement with Henan Airport Group and Zhongyuan Asset Management to form a “trans-Siberian air bridge” as part of China’s Belt and Road initiative, aimed at redeveloping the ancient Silk Road route between Europe and Asia. The partnership will focus on the Zhengzhou Airport (CGO) and the Zhengzhou Airport Economic Comprehensive […]

• Caryn Livingston
• August 10, 2018

The world’s top 50 cargo carriers of 2017

Last year when we analyzed the top 50 cargo carriers of 2016, we noted FedEx’s runaway cargo traffic growth through its acquisition of TNT, which further drove a wedge between FedEx and the number two contender for highest total cargo traffic, Emirates. However, a year can make quite a difference, and what an eventful year […]

• Caryn Livingston
• August 9, 2018

Cathay stays in the red, despite continued cargo strength

The Cathay Pacific Group reported a net loss of US$34 million in the first half of 2018, marking an improvement from 2017’s first half when the Hong Kong-based carrier reported a net loss of $261 million as its passenger business struggled to counter increasing competition from airlines based in mainland China. So far this year, […]

• Caryn Livingston
• August 8, 2018

DP-DHL 2Q results point to ongoing post, parcel pains

While Deutsche Post-DHL Group posted operating profit (EBIT) gains in the Express, Global Forwarding and Freight, and Supply Chain segments, a year-over-year decrease of 58.5% in second quarter EBIT for the Post-eCommerce-Parcel (PeP) division weighed on the Group’s overall EBIT for the quarter, which declined by 11.2% y-o-y to €747 million. The Group’s revenue increased […]

• Caryn Livingston
• August 7, 2018

EFW redelivers first A330-200P2F to EgyptAir Cargo

On 3 August, EgyptAir Cargo took redelivery of the first A330-200 passenger-to-freighter converted aircraft from EFW, the MRO and conversion joint venture of ST Aerospace Engineering and Airbus. EgyptAir initially signed on as EFW’s launch customer with an order for two of the converted freighters in late 2014 and has since confirmed an order for a third, […]

• Caryn Livingston
• August 6, 2018

Atlas Air revenue, guidance rise again in 2Q

Atlas Air Worldwide Holdings (AAWW) reported a second-quarter net loss of $21.2 million, down from net income of $38.9 million for 2Q 2017, due to an unrealized $50 million loss on outstanding warrants. However, after adjustments, the company saw a 70.8% increase in adjusted net income, to $49.7 million. Operating income rose 4.2% to $60.9 […]

• Caryn Livingston
• August 3, 2018