Malaysia Airlines to end freighter operation?

Faced with reports that it was planning to sell or lease many of its widebody aircraft – including its entire MASkargo freighter fleet – financially troubled Malaysia Airlines said it was “exploring fleet options.” This comment – or non-comment – came via the Malaysia Airlines twitter feed, in response to a Leeham News report detailing the carrier’s offer […]

Atlas almost quadruples net income in 1Q

Atlas Air Worldwide Holdings (AAWW) reported first-quarter 2015 net income almost quadrupled y-o-y to $29 million, as revenue rose 10.3% to $445 million. Operating income for the quarter more than doubled to $57 million. As could be expected, the company said the strong performance benefitted from increased demand for commercial charter capacity as shippers switched […]

Cargolux punches back

For the last two years, Cargolux has been the air freight industry’s favorite punching bag. Now it appears to be punching back. The Luxembourg-based all-cargo carrier has provided an unending series of headlines for the media, and been an easy target for criticism by industry observers. Not only that, the company has been torn by […]

AirBridge gets Fifth Freedom rights out of Hong Kong

Russia and Hong Kong renegotiated their bilateral air services agreement to allow Russian carriers authority to operate flights between Hong Kong and any two intermediate points chosen from Almaty, Bangkok, Hanoi, Kuala Lumpur, Seoul, and Singapore. The revised agreement allows for up to three flights per week per point, in each direction. Russian carriers were […]

New cargo hub for ANA?

Japan-based All Nippon Airways (ANA) is planning a new Southeast Asia hub. In an interview published in The Japan Times, Shinya Katanozaka, the newly appointed President of ANA Holdings, cited growing demand for Japanese products in Southeast Asia as the reason All Nippon was looking to set up a new hub for its international cargo […]

Lufthansa on the fence about more 777Fs

As we have reported, EVA has decided to modernize its freighter fleet with 777Fs. But on the other side of the world, Lufthansa Cargo is hesitating. When the Germany-based carrier ordered five 777Fs from Boeing in May 2011, part of the deal was options on five more. Initially, Lufthansa had set March 2014, just after delivery of the third […]

The ABCs of market share

The big three Western European carriers – Lufthansa, Air France-KLM, and IAG – all reported dismal first-quarter cargo results. While there have been some internal issues for those carriers, most observers will be quick to assume that the real problem is an ongoing loss of market share to airlines based in the Gulf Region. But […]
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