Air Cargo

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

Southwest Air cuts revenue outlook as CEO fends off activist

Bloomberg | June 26, 2024 | Air Cargo | Airlines

Cathay Pacific returns to the world’s top five airlines in industry rankings and wins World’s Best Economy Class

AJOT Newsroom | June 26, 2024 | Air Cargo | Airlines

Thank you to our customers for their continued support with a vote of confidence in our vision to become the world’s best premium airline.

Hactl named “Best Air Cargo Terminal Operator – Asia”

AJOT Newsroom | June 26, 2024 | Air Cargo | Airports

Hong Kong Air Cargo Terminals Limited (Hactl) – Hong Kong’s largest independent handler – has been named “Best Air Cargo Terminal Operator – Asia” at this year’s Asian Freight, Logistics and Supply Chain (AFLAS) Awards.

Silk Way West Airlines forges strategic partnership with China Henan Aviation Group

AJOT Newsroom | June 26, 2024 | Air Cargo | Freighters

Silk Way West Airlines, the leading cargo airline in the Caspian and Central Asian region, has signed a Memorandum of Understanding (MOU) with China Henan Aviation Group during Air Cargo China 2024 in Shanghai.

Menzies Aviation partners with AS Budapest to extend footprint at BUD airport

AJOT Newsroom | June 26, 2024 | Air Cargo | Airports

Menzies Aviation, the leading service partner to the world’s airports and airlines, has announced it has joined forces with Airport Services Budapest Zrt. (AS Budapest) to extend its ground handling, cargo and lounge services at Budapest Liszt Ferenc International Airport (BUD) in Hungary.

Dr Breithaupt succeeds Sonntag at Jettainer

Since 1 June 2024, Dr Jan-Wilhelm Breithaupt has been the new Chief Executive Officer of Jettainer.

Challenge Group signs MOU with China Henan Aviation Co., Ltd. at Air Cargo China

AJOT Newsroom | June 26, 2024 | Air Cargo | Airports

Challenge Group has announced the signing of a Memorandum of Understanding (MOU) with China Henan Aviation Co., Ltd., the holding company owning CGO Airport, during a signing ceremony held yesterday at the Air Cargo China trade show.

Southwest Airlines cuts revenue estimate on complex environment

Bloomberg | June 26, 2024 | Air Cargo | Airlines

Airbus tells airlines some of their deliveries in 2025 and 2026 may be delayed

Bloomberg | June 26, 2024 | Air Cargo | Airlines

Airbus SE has been warning airlines that some of their aircraft deliveries due in the next two years risk being delayed, an indication that supply-chain glitches at the world’s largest planemaker might extend well beyond the current year.

Vietnam Air risks insolvency if loan deadline isn’t extended

Bloomberg | June 26, 2024 | Air Cargo | Airlines

Japan Airlines pilots and crew sound alarm after spate of safety issues

Bloomberg | June 26, 2024 | Air Cargo | Airlines

FedEx soars as cost cuts drive better-than-expected forecast

Bloomberg | June 25, 2024 | Air Cargo | Freighters | Trucking

FedEx Corp. forecast profit above Wall Street’s expectations and said it would buy back $2.5 billion of its stock over the next year, lifting its shares on signs that a sweeping plan to reorganize and cut costs was taking hold.

[Freightos Weekly Update] Ocean rates reach new highs, with additional increases expected soon

The combination of an early peak season, Red Sea diversions making capacity tight and knock-on port congestion making supply even tighter meant ex-Asia ocean spot rates continued to climb last week.

Airbus missing parts everywhere forces cutback of targets

Bloomberg | June 25, 2024 | Air Cargo | Airlines

Airbus SE is coming up short on the millions of parts that make up the company’s commercial aircraft, and the situation is getting worse rather than better for the world’s largest planemaker.

TIACA Event Central Asia concludes with a path forward for Kazakhstan to develop as a global air cargo hub

AJOT Newsroom | June 25, 2024 | Air Cargo | Freighters

The International Air Cargo Association (TIACA) concluded its fifth regional event, the TIACA Event Central Asia held June 19-21 in Astana, Kazakhstan, with a path forward to support Kazakhstan as it seeks to develop as a global air cargo hub.

WestJet Cargo joins cargo.one to launch fully digital Canadian spirit to thousands more freight forwarders

AJOT Newsroom | June 25, 2024 | Air Cargo | Technology

• Customers gain instant booking for WestJet Cargo’s impressive Canadian connectivity and extensive capacities throughout the Americas, Caribbean, Europe and Asia • Canada’s second largest carrier partners with category-leader cargo.one to boost its global reach, lower cost per sale, and guarantee a world-class digital experience

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