YTO Cargo Airlines looks beyond scheduled freighter services

Earlier this week, Hangzhou-based YTO Cargo Airlines opened a cargo sales office in downtown Shanghai, a move that seems to reflect a departure away from a business model previously reliant on providing lift for its parent company, YTO Express. Although “the majority of its capacity” will continue to serve YTO Express, the airline subsidiary is […]
  • Charles Kauffman
  • May 24, 2018

DP-DHL 1Q growth challenged by Supply Chain, Post weakness

Deutsche Post-DHL Group reported mixed results for the first quarter of 2018, as net profit fell 6.2% year-over-year to €631 million and total revenue also edged lower by 0.9% to €14.75 billion. Operating profit (EBIT) for the quarter rose 2.3% to €905 million. While CEO Frank Appel noted that the declines in revenue and net […]
  • Caryn Livingston
  • May 9, 2018

Overheard at Cargo Facts Asia Part I: It’s Safe to be Bullish

SHANGHAI – A record crowd of senior air cargo executives gathered for Cargo Facts Asia 2018, held at the Mandarin Oriental Pudong. Once again, the crowd was enlightened with presentations and discussions from some of air cargo’s best and brightest while enjoying focused networking opportunities with the people shaping the air freight industry. The opening […]
  • Caryn Livingston and Charles Kauffman
  • May 7, 2018

Atlas reports an exceptional first quarter, and ups full-year guidance

Atlas Air Worldwide Holdings (AAWW) reported first-quarter net income of $9.6 million, up from a reported loss of $752,000 a year earlier. Adjusting for a variety of one-time impacts, net income was up 187.4% y-o-y to 23.8 million, while total revenue rose 24.1% to $590 million. Operating income for the quarter jumped 68.8% to $40.6 […]
  • David Harris
  • May 3, 2018

Strong package volume gains drive first-quarter profit for UPS

UPS reported first-quarter 2018 net income up 15.4% y-o-y to $1.35 billion, as total revenue rose 7.2% to $10.28 billion. Operating profit for the quarter declined 6.0% to $1.52 billion, as the company’s US Domestic segment was hit by “headwinds from severe winter weather of $85 million, Saturday deployment, network projects, and higher pension expenses.” […]
  • David Harris
  • April 26, 2018

E-commerce & express drive airport cargo growth

In Europe, the gulf between express and general cargo continues to widen. Cargo volume growth at Europe’s major cargo airports was less than stellar in the first quarter of 2018, with March being particularly weak. To some extent, this reflects the lackluster performance of the major cargo airlines with hubs at these airports: Lufthansa reported […]
  • David Harris
  • April 23, 2018

All eyes on Amazon… and Brazil

After a severe three-year recession that began in 2014, Brazil’s economy appears to be on the rebound, with GDP growth of 0.7%, y-o-y in 2017, and expected growth of 1.9% this year, according to the IMF. Although this will not be nearly enough to reverse contractions of 3.8% in 2015, 3.6% in 2016, it is […]
  • Charles Kauffman
  • April 19, 2018

The narrowbody freighter fleet — Part I

Today we begin a three-part analysis of the worldwide fleet of narrowbody jet freighters with a look at the overall composition of the fleet – how many of the different types are in operation by which carriers. Tomorrow, in Part II, we will look at the seventeen (yes, seventeen) active conversion programs for the eight […]
  • David Harris
  • April 10, 2018

When business becomes too good

This week, UPS took delivery of a 747-8F from Boeing. This is the fifth 747-8F Boeing has delivered to UPS in just over six months, considerably boosting the company’s intercontinental capacity. And with twenty-three more of the jumbo freighters on order, all of which will be delivered in the next four years, it looks like […]
  • David Harris
  • April 6, 2018

Tianjin Air Cargo outlines plans to become a major integrator

Last week, Shanghai-based Suparna Airlines announced it was selling two 737-400Fs to its sister carrier, Tianjin Air Cargo (previously translated from Chinese into English as Tianjin Cargo Airlines) in a transaction valued at US $14.5 million [FATs 004302 – 4303]. Once the aircraft transfer is complete, Tianjin Air Cargo will have the three aircraft it […]
  • Charles Kauffman
  • March 26, 2018
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