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

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

Improved 1H18 for Lufthansa Cargo on growth outside Europe

Germany-based Lufthansa reported 1H18 revenues for its logistics business segment up 12.3% year-over-year, to €1.3 billion, despite Group cargo traffic which grew at a slower clip, increasing just 2.9% during the same period, to 5.37 billion RTKs. Improved earnings before interest and taxes (EBIT), which rose 48% year-over-year to €125 million, indicate both that restructuring […]
  • Charles Kauffman
  • August 1, 2018

Volga-Dnepr Group finds its HUB-2 at Liege

Earlier this week, when the Volga-Dnepr Group and its UK-based affiliate CargoLogicHolding inked a massive deal with Boeing for up to thirty-four widebody freighters – a letter of intent to purchase twenty-nine 777 freighters, and an order for five 747-8 freighters, we questioned where some of these aircraft might up. Yesterday, Volga-Dnepr Group and U.K.-based […]
  • Charles Kauffman
  • July 19, 2018

YTO Cargo Airlines chasing cross-border e-commerce with 757Fs

Hangzhou-based YTO Cargo Airlines this year added two Precision-converted 757-200PCFs to its fleet, which previously consisted of just six 737-300Fs, with the intention of going global. Although it has taken YTO longer than anticipated to launch international cargo flights, new flight rights may soon be granted, and the carrier’s pursuit of chasing cross-border e-commerce volumes […]
  • Charles Kauffman
  • July 10, 2018

Amazon behind recent DP-DHL weakness?

Deutsche Post-DHL Group’s first quarter earnings indicated that the company was facing some headwinds in its Post-eCommerce-Parcel division, but an internal memo obtained by German newspaper Handelsblatt indicates that e-commerce giant Amazon has been behind much of DHL’s recent weakness in that sector for more than a year. The newspaper cites two main factors in […]
  • Caryn Livingston and Charles Kauffman
  • June 25, 2018

Cargo Facts Consulting Rebrands to Kick Off a New Era in Air Cargo Advisory

Cargo Facts Consulting today unveils a comprehensive rebrand, its first major reinvigoration since the consultancy’s launch in 1978. Formerly known as Air Cargo Management Group, Cargo Facts Consulting (CFC) is expanding its range of services with this relaunch, bringing in expertise that spans aviation technology, OEM, maintenance and engine overhaul (MRO), and airlines. As part […]
  • JJ Hornblass
  • June 11, 2018
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