E-commerce and freighters part I: In balance or imbalance?

In part I of our feature on e-commerce and freighters, we explore the rise of the own-operated network for e-commerce fulfillment in the United States. Check back later this week for part II, where we consider how e-tailers in the Asia-Pacific region are utilizing partner capacity to fulfill growing e-commerce demand in the region. If […]
  • Caryn Livingston
  • June 26, 2019

FedEx reports substantial 4Q loss from economic weakness, trade issues

This week, Memphis-based FedEx reported a 3.0% year-over-year increase in revenue for its 4QFY19, ended 31 May, to US$17.80 billion. Operating income during the quarter was mostly flat at 0.9% to $1.31 billion, and the company reported a net loss of $1.96 billion, down from $1.13 billion income for 4QFY18.  The Express segment saw weak performance for […]
  • Chelsea Toczauer
  • June 26, 2019

KLM leases Atlas Air 747 to cover maintenance, incident at Dar-es-Salaam

One of KLM Cargo’s 747-400ERFs (33694) is grounded at Schiphol (AMS) after having been involved in a ground incident at Dar-es-Salaam (DAR) last week. Air France KLM Martinair Cargo confirmed to Cargo Facts that the aircraft is expected to be out of service until 1 July. Coincidentally, the carrier said that it had already arranged […]
  • Jeff Lee
  • June 26, 2019

Bombardier caps commercial-jet exit with CRJ sale to Mitsubishi

Bombardier Inc. is selling its regional-jet business to Mitsubishi Heavy Industries Ltd., ending the Canadian company’s foray into commercial aircraft after more than three decades. Mitsubishi agreed to pay $550 million for the maintenance, support, marketing and sales operations of the aging CRJ program, the companies said Tuesday. The Tokyo-based manufacturer, which is developing the […]
  • Bloomberg News
  • June 25, 2019

European, Middle Eastern carriers see growth return in May first look

After a particularly weak April for air cargo traffic, carriers based in Europe and the Middle East saw growth return in our first look at May results. Among those carriers based outside Europe and the Middle East, only China Southern Airlines reported a year-over-year increase for May traffic, of 1.1%. Turkish Cargo reported the strongest […]
  • Brianne Ledda
  • June 25, 2019

West Atlantic returns a 767-200F to CAM

Sweden-based West Atlantic flew one of its four 767-200BDSFs (22788, ex-ABX) from Leipzig (LEJ) via Bangor (BGR) to Columbus (LCK) toward the end of last week. The airline confirmed to Cargo Facts that the aircraft came off lease and was being redelivered to lessor Cargo Aircraft Management (CAM) [FAT 005027]. This aircraft was a relatively […]
  • Jeff Lee
  • June 25, 2019

737-800BCF shines at the 2019 Paris Air Show

Now that the Paris Air Show 2019 is over, Cargo Facts is encouraged to see that, apart from the usual flurry of orders for passenger aircraft, the freighter market also appears to have received some healthy interest. Here’s a recap of freighter deals that were signed last week. GECAS converted ten of its fifteen previous […]
  • Jeff Lee
  • June 24, 2019

FAA airspace restrictions over Iran to create bottlenecks for cargo carriers

The current Iran-US military confrontation, which today led the Federal Aviation Administration (FAA) to issue a Notice to Airmen (NOTAM) prohibiting US-registered aircraft from operating over the Persian Gulf and Gulf of Oman, is set to have major cargo implications for European and Asian carriers. For the complete story, see our sister publication, Air Cargo World.  […]
  • Caryn Livingston
  • June 24, 2019
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