Revenue and Block Hours up 20% in Atlas 3Q

Atlas Air Worldwide Holdings reported a third-quarter net loss of $24 million, as total revenue jumped 19.6% y-o-y to $536 million. Operating income for the quarter more than doubled, to $53 million. So, if the revenue and operating income gains were so good, why the reported loss? In a “no good deed goes unpunished” way, […]
  • David Harris
  • November 7, 2017

Cargo shines in Cathay’s dark first half

The Cathay Pacific Group reported a net loss of US$262 million in the first half of 2017, down from a profit of $45 million in 1H16, as the carrier’s passenger business struggled in the face of increasing competition from airlines based in mainland China. On the cargo side, however, there was nothing but good news. […]
  • David Harris
  • August 18, 2017

Top cargo carriers change their strategies

The top three international cargo carriers in 2015 were Emirates, Cathay Pacific, and Lufthansa. One might expect, given that all three have been at, or near, the top of the rankings for many years, that their approach to the business would be stable. Your business model has made you an industry leader, so why make […]
  • David Harris
  • July 21, 2016

FedEx & Emirates top the cargo rankings in 2015

After years of steadily rising through the ranks, Emirates became the world’s top international cargo carrier in 2013, and that dominance has grown in the two years since. The full rankings of the top fifty carriers, including international, domestic, and total traffic, are shown in the chart at the bottom of this page (and we’ll […]
  • David Harris
  • July 11, 2016

Top Fifty Cargo Carriers in 2014

Today we begin a two-part analysis of the top cargo carriers in 2014. We will continue tomorrow, when we examine some interesting trends that emerge when we dig a little deeper into the data. After years of steadily rising through the ranks, Emirates became the world’s top international cargo carrier in 2013, and that dominance continued in […]
  • David Harris
  • August 17, 2015

Change at Cathay Pacific Cargo

Goodbye James, Hello Simon! The Swire Group, parent of Cathay Pacific Airways, made several management changes at the carrier. Of particular interest to the air freight community is the appointment of Simon Large as Director Cargo, replacing James Woodrow, who will become Managing director at The China Navigation Company (another Swire subsidiary). All of us […]
  • David Harris
  • June 10, 2015

What next for air freight demand?

The 2015 edition of Cargo Facts Asia took place this week at the Langham Hotel in Hong Kong. A record crowd of senior air cargo executives joined us from all over the world, and over the next few weeks we will pass on some of the highlights of the event here on our website. Starting […]
  • David Harris
  • April 24, 2015

Air China Cargo gets a cash boost

Air China Cargo is receiving an RMB2 billion boost from its joint venture partners. Cathay Pacific, Air China, and a third investor (Fine Star) will inject two billion yuan (US$321 million) of new equity into Shanghai-based Air China Cargo. Cathay said the funds would allow the carrier to “adjust its fleet, to reduce its operating costs […]
  • David Harris
  • July 1, 2014
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