Package segments drive strong UPS quarter

UPS reported first-quarter 2015 net income up 12.6% y-o-y to $1.15 billion, as total revenue rose 1.4% to $13.98 billion. Operating income for the quarter was up 10.6% to $1.67 billion. All three of the company’s reporting segments contributed to the overall gains, with particularly strong performances by the International and Domestic Package segments, where […]

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 […]

The last first quarter?

TNT Express today reported its financial and operating results for the first quarter of 2015. Given that FedEx’s acquisition of TNT will likely close “in the first half of 2016,” it is possible that this will be TNT’s last first quarter. Of course, we said much the same thing several years ago when UPS appeared […]

Could all-cargo flights be banned in Shanghai?

With annual passenger traffic at Shanghai’s two major airports (Pudong and Hongqiao) forecast to grow by 50% to 120 million over the next five years, China’s aviation authority is hinting that freighter flights may be squeezed out. A report published in the English-language Shanghai Daily quotes Jiang Huaiyu, a director of the East China Civil Aviation […]

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 […]
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