Korean Air, the world’s largest air cargo carrier, reported a better-than-expected quarterly operating profit, fueled by higher traffic and a stronger won currency against the dollar. The carrier could continue to do well in the coming quarters as travel demand is expected to stay robust in Asia’s fourth largest economy and as a stronger won will cut the cost of importing fuel and servicing dollar-denominated debt. The strength of the won is likely to off set skyrocketing oil … [Read more...] about S. KOREA: Korean profits up on healthy cargo growth
GUAM: Ambitious air cargo plans for Guam
Under its more than US$150 million investment to improve the Antonio B. Won Pat International Airport, the Guam International Airport Authority is seeking to develop, among others, an integrated Air Cargo Facility with Bonded warehouse to be operated by third parties. An Airport Authority management consultant Fred Tupaz said the investment plans, comprising 59 enhancement projects scheduled for completion by 2008, include construction of a second air cargo warehouse, also to be operated by … [Read more...] about GUAM: Ambitious air cargo plans for Guam
AUSTRALIA: Doubling of Oz-NA traffic with open skies
Air traffic on the Qantas-dominated Australia-North America route could almost quadruple over the next 20 years, but only if the green light is given for more competition between the two countries, according to Boeing’s head of sales, Randy Tinseth. The aircraft maker says air traffic on the route could grow at an annual rate of seven per cent until 2026, outstripping even the annual 6.2 per cent growth between the US and the Asia-Pacific, the world’s fastest growing aviation … [Read more...] about AUSTRALIA: Doubling of Oz-NA traffic with open skies
CHINA: Asia Pac to lead growth~ IATA
The International Air Transport Association (IATA) released freight and passenger traffic forecasts projecting that by 2011 the air transport industry will handle 2.75 billion passengers (620 million more passengers than in 2006) and 36 million tonnes of international freight (7.5 million tonnes more than in 2006). International freight volumes are expected to grow at an annual average growth rate (AAGR) of 4.8 per cent over the forecast period, supported by economic growth, globalisation … [Read more...] about CHINA: Asia Pac to lead growth~ IATA
TAIWAN: EVA Air
TAIWAN: Another China Air freighter to Houston
China Airlines is adding a third cargo flight between Houston and Taipei, Taiwan, three months after launching the freighter service. In May, the airline became the first Taiwanese carrier to offer passenger service from Houston to Taipei and now is the first scheduled Asian carrier with both passenger and cargo service to Houston. The carrier is focusing its cargo business on Houston’s petrochemical, medical, aerospace and informational technology industries. One of the major … [Read more...] about TAIWAN: Another China Air freighter to Houston
