Air Cargo

Coverage of air cargo related news including freight forwarders, freighters, belly cargo, airports and more

April 2024 U.S. airline traffic data up 4.7% from the same month last year

AJOT Newsroom | July 15, 2024 | Air Cargo | General | By The Numbers

U.S. airlines carried 81.2 million systemwide (domestic and international) scheduled service passengers in April 2024, according to the Bureau of Transportation Statistics (BTS)...

Aviation Capital Group grows Boeing 737 MAX portfolio with order for 35 Jets

AJOT Newsroom | July 15, 2024 | Air Cargo | General

Lessor increases its 737 MAX order book with latest order for 737-8 and 737-10 jets to meet growing industry demand for fuel-efficient, single-aisle jets

Lufthansa’s troubles are only getting worse, says Stifel Analyst

Bloomberg | July 15, 2024 | Air Cargo

Deutsche Lufthansa AG is facing long-running “profound” problems ahead, according to Stifel Nicolaus & Co. analysts, who cut their price target to a new low and urged clients to sell the stock.

Airbus expects China, India to drive jet sales over 20 years

Bloomberg | July 15, 2024 | Air Cargo

Airbus SE predicted China and India will be key growth drivers for the aviation industry in the next two decades as the planemaker expects the global commercial fleet will double in the period.

U.S. Cargo and Passenger Airlines Gained 1,677 Jobs in May 2024

AJOT Newsroom | July 12, 2024 | Air Cargo | Airlines

U.S. airline industry (passenger and cargo airlines combined) employment increased to 802,484 workers in May 2024, 1,677 (0.21%) more workers than in April 2024 (800,807).

Boeing warns customers of further 737 Max delays amid crisis

Bloomberg | July 12, 2024 | Air Cargo

Boeing Co. has notified some 737 Max customers in recent weeks that aircraft due for delivery in 2025 and 2026 face additional delays, another reminder that production of its cash-cow jetliner faces a long road to recovery.

IBA predicts around 1,000 aircraft orders at Farnborough 2024

AJOT Newsroom | July 12, 2024 | Air Cargo | Freighters

IBA's Chief Economist & Exec. Advisor, Dr. Stuart Hatcher, reveals his insights and predictions for the upcoming Farnborough International Airshow 2024.

Lufthansa lowers profit goal on weak fares, will trim costs

Bloomberg | July 12, 2024 | Air Cargo

Deutsche Lufthansa AG cut its profit outlook for the full year and warned that breaking even at its namesake German unit will be “increasingly challenging” as it grapples with higher unit costs and falling ticket prices.

Boeing scores order for 35 - 737 Max Jets from a US lessor

Bloomberg | July 12, 2024 | Air Cargo

Cathay Pacific mulls upgrading its post-covid recovery timeline

Bloomberg | July 12, 2024 | Air Cargo

Delta credits weak yen with boom in demand for flights to Japan

Bloomberg | July 11, 2024 | Air Cargo | Airlines

Frankfurt Airport reports first-half growth

AJOT Newsroom | July 11, 2024 | Air Cargo | Airports

June passenger numbers in Frankfurt up 1.4 percent year-on-year to 5.6 million travelers – Traffic at Fraport’s Group airports worldwide rising to 18.9 million passengers overall in June

Lufthansa slashes costs amid fare war, less business travel

Bloomberg | July 11, 2024 | Air Cargo | Airlines

SmartLynx and the Ministry of Transport, Infrastructure, and Public Works discuss the airline’s future plans in Malta

AJOT Newsroom | July 11, 2024 | Air Cargo | Airlines

On July 10, the Minister of Transport, Infrastructure, and Public Works of Malta, Chris Bonett, visited the SmartLynx Airlines office in Santa Venera.