Air Cargo

Emirates Group marks record profit increase in 2009-2010

AJOT | May 13, 2010 | Air Cargo

The Emirates Group has posted a record profit increase of 248 percent, an outstanding result in a year fraught with worldwide market instability and economic uncertainty. Read More »

Air France-KLM April traffic hit by ash crisis

AJOT | May 13, 2010 | Air Cargo

Air France-KLM lost nearly a quarter of its European passenger traffic in April due to airspace closures from the volcanic ash cloud, driving total traffic down 15.9percent, the airline said. Read More »

GAC Kuwait opens new office at Kuwait International Airport

AJOT | May 13, 2010 | Air Cargo

Leading shipping and logistics service provider GAC Kuwait today announces the opening of its latest branch at the cargo terminal of the Kuwait International Airport to enhance its services. Read More »

Cathay Pacific resumes developing HK cargo terminal

AJOT | May 13, 2010 | Air Cargo

Cathay Pacific Airways Ltd , Hong Kong's dominant air carrier, has resumed development of a HK$5.5 billion ($707 million) air cargo terminal in Hong Kong, the company's chairman said. Read More »

Third freighter for Cargoitalia

AJOT | May 13, 2010 | Air Cargo

Cargoitalia ' Italy's all-cargo airline ' will take delivery of its third MD11 freighter aircraft in June.
The latest aircraft ' registration EI-EMS ' is a new conversion leased from Boeing Capital, and being delivered by SASCO (ST Aviation Read More »

United/Continental gear up for labor integration

AJOT | May 13, 2010 | Air Cargo

If all goes according to plan, Continental Airlines and United Airlines will join together to form the world's biggest carrier in less than a year.

It could take much longer, however, before the merged operation fully integrates its 87,000 em Read More »

Cargojet Q1 profit down 72%; units slide

AJOT | May 13, 2010 | Air Cargo

Cargojet Income Fund's quarterly profit plunged 72 percent on higher costs, sending units of the air cargo service provider down as much as 15 percent. Read More »

American Airlines Cargo expands global network into Spain

AJOT | May 13, 2010 | Air Cargo

American Airlines Cargo Division (AA Cargo) announced new cargo service to Spain from New York's John F. Kennedy International Airport (JFK). Effective immediately, AA Cargo is offering daily nonstop 757 service to Madrid's Barajas International Airport ( Read More »

Premium Article  
Ash Cloud Continues to Wreak Havoc on European Shipments; Insurance Issues Loom

Karen Thuermer | May 09, 2010 | Air Cargo | International Trade

The bellowing ash from Iceland’ Eyjafjallajökull glacier and the chaos that subsequently happened to the airline industry is yet another stark reminder of how vulnerable the air cargo industry can be to external forces beyond its control. As if the fallou Read More »

Budapest Airport welcomes Cargolux’s 5TH weekly flight

AJOT | May 09, 2010 | Air Cargo

Following eight years of successful operations at Budapest, Cargolux the Luxembourg based all cargo carrier, has added a fifth weekly 747-400F flight from Hong Kong. Cargolux is the only cargo carrier offering direct services out of Asia, which is greatly Read More »

Express faces risks as TNT Q1 beats forecasts

AJOT | May 09, 2010 | Air Cargo

Dutch mail and logistics group TNT said the recovery of its express business, a target of buyout speculation, still faced risks as it beat forecasts with a 54 percent rise in first-quarter operating profit.

TNT, Europe's second largest mail a Read More »

UAL, Continental to form largest airline

AJOT | May 09, 2010 | Air Cargo

United Airlines parent UAL Corp will buy Continental Airlines Inc for $3.17 billion to form the world's largest carrier, moving to better withstand the hazards that have battered airlines in recent years.

The merger, if approved by regulators Read More »

American Airlines launches Madrid to New York, JFK services

AJOT | May 09, 2010 | Air Cargo

American Airlines has introduced direct services between New York JFK and the Spanish capital Madrid. The route complements the carrier's existing flights between Miami and Madrid and Dallas/Fort Worth and Madrid as well as services to the Catalan region Read More »

Lufthansa posts wider-than-expected loss in Q1

AJOT | May 09, 2010 | Air Cargo

Deutsche Lufthansa posted a bigger-than-expected first-quarter operating loss as high fuel costs, strike measures, a harsh winter and the lagging performance at some of its units weighed on earnings. Read More »

ABC transports prototype space capsule to technical museum in Speyer

AJOT | May 09, 2010 | Air Cargo

The prototype of a descent space capsule has been delivered by AirBridgeCargo Airlines for display at a special technical museum in Speyer.

Weighing 1,000 kilos, the capsule was transported from ABC's hub at Moscow Sheremetyevo Airport onboar Read More »

Globe Air Cargo wins United Airlines GSA contract in Spain

AJOT | May 09, 2010 | Air Cargo

Globe Air Cargo has won the GSA contract to represent United Airlines Cargo in Spain.

The airline operates a daily Airbus A330 flight from Madrid to Washington. From the US capital, United Airlines provides connections to all main US d Read More »

Atlas Air Q1 beats, says year to top estimates

AJOT | May 09, 2010 | Air Cargo

Cargo carrier Atlas Air Worldwide Holdings Inc posted higher-than-expected quarterly profit and forecast full-year profit above current Wall Street estimates. Read More »

Dubai sees 48% rise in air cargo traffic by 2015

AJOT | May 09, 2010 | Air Cargo

Dubai Airports, the company overseeing airport projects in the emirate, expects a 48 percent rise in cargo traffic by 2015, partly due to improving economic conditions, it said. Read More »

Airline finances starting to look up, IATA says

AJOT | May 09, 2010 | Air Cargo

Airlines are faring better financially this year, with share prices and fares up, despite the volcanic ash that caused hardship in April, global airlines body IATA said. Read More »

American Airlines Cargo boosts frequency and capacity from Ireland

AJOT | May 09, 2010 | Air Cargo

American Airlines (AA) has increased flights from Dublin to Chicago from four times per week to daily, in its summer schedule. Read More »