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

YTO Express to convert former military air base into global operations hub

Earlier this week, Shanghai-based YTO Express, the parent company of YTO Cargo Airlines inked an agreement with the Jiaxing City local government to convert a 96-hectare plot of land at Jiaxing Airport (JXS) into an aviation logistics hub. Once completed, the former military airport will assume Hangzhou Xiaoshan (HGH) Airport’s current role as the main […]
  • Charles Kauffman
  • August 2, 2018

Air cargo volume growth flattens in June

When Netherlands-based WorldACD reported air cargo performance results for May, the outlook for continued cargo growth was in question, summarized as “Is the party really over?” With yesterday’s release of June results from WorldACD, the answer seems to suggest that although the party isn’t truly winding down, it is certainly on hiatus for the summer. […]
  • Caryn Livingston
  • August 1, 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

US cherry exports shrugging off tariff impacts?

A 25% tariff on about $50 billion worth of Chinese imports into the US went into effect on 6 July, prompting retaliatory tariffs from China and sparking a trade war midway through the Pacific Northwest’s cherry season. Typically, cherry exports to China are a huge business during July and for the region generally – during […]
  • Caryn Livingston
  • July 31, 2018

Freighter aircraft transactions through the end of July

Every week in Cargo Facts Update, we include a list of recent freighter aircraft transactions, and then a comprehensive summary in the monthly issue of Cargo Facts. Each reference to a freighter aircraft transaction (FAT) in our publications contains a unique FAT code linked to the FAT database on the CargoFacts.com website. This database is […]
  • Caryn Livingston
  • July 30, 2018

Digital cargo booking gains ground with new cargo.one deals

Leisure Cargo, a subsidiary of Berlin-based Zeitfracht Group an all-cargo virtual carrier that offers cargo space with fourteen carriers, is now bookable through the cargo.one platform. The platform allows cargo customers to book capacity on participating carriers at live spot rates and is one of several electronic booking platforms making inroads into an industry known […]
  • Caryn Livingston
  • July 27, 2018

UPS Supply Chain and Freight lead in 2Q

UPS reported a double-digit (13.0%) year-over-year decline in operating profit during the second quarter, as the U.S. Domestic Package sector fell by 25.2% in the quarter. Meanwhile, the company’s Supply Chain & Freight unit stood out as a particularly strong performer during the quarter, with reports of 23.2% growth in Forwarding and 13.0% growth in Freight […]
  • Caryn Livingston
  • July 26, 2018

Boeing completes first 737-800BCF for Air Algérie

On 21 July, Boeing unveiled the first 737-800BCF converted at the Taikoo (Shandong) Aircraft Engineering Company Limited (STAECO), in Jinan. Redelivery to Air Algérie is expected shortly. For the Algerian carrier, the freighter is one of two conversions it has on order with Boeing, dating back to an MoU placed at the Farnborough Airshow in 2016. Feedstock […]
  • Charles Kauffman
  • July 26, 2018
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