Singapore Airlines has posted a fiscal third-quarter net profit down 43 per cent amid significant fuel-hedging losses, shrinking demand for cargo and passenger travel. Of the parent airline's four other business units - SATS Group, SIA Engineering, SilkAir and SIA Cargo - the cargo division was the only one to turn in a loss, amounting to S$46 million (US$30.4 million), compared with a profit of S$73 million for the same period a year earlier. SIA Cargo carried 14.2 per cent less freight (in … [Read more...] about Singapore Airlines' profit nose-dives
Carriers
Maximus' cargo carrying jumps
Middle East heavy lift specialist Maximus Air Cargo has reported a four-fold increase in freight-tonne kilometres (FTKs) to 278 million FTKs in the nine months to September 30, 2008. … [Read more...] about Maximus' cargo carrying jumps
Lan's Colombia unit starts in March
Chile¡¯s Lan Cargo said its new Colombia cargo affiliate will start operating in March, using Boeing 767-300F aircraft with 54 tonne capacity flying between Colombia and key regional centres, after obtaining the necessary technical and operational clearances. … [Read more...] about Lan's Colombia unit starts in March
Thai aircargo plummets 50% in Jan
Air cargo volumes in Thailand slumped by almost 50 per cent in January as the global financial crisis continued to hurt exports. Total outbound cargo in the final three months of 2008 fell to 107,249 tonnes, compared with 140,074 tonnes a year earlier, Dow Jones reported. "The January figures were worse than what we expected with outbound volume falling by almost 50 per cent from a year earlier," said Kasem Jaliyawatwong, president of the Thai Airfreight Forwarders Association. Thailand's air … [Read more...] about Thai aircargo plummets 50% in Jan
BAWC reduces fuel surcharge
BAWC reduces fuel surcharge British Airways World Cargo has announced a reduction to its fuel surcharge. The surcharge will be £0.37 / US$0.55 / €0.55, with effect from 23 February 2009. Gareth Sinclair, head of revenue management, British Airways World Cargo, said: ¡°As a result of further decreases in fuel prices we are reducing the fuel surcharge, in line with our index.¡± … [Read more...] about BAWC reduces fuel surcharge
Air China takes delivery of new B737-800
GE Commercial Aviation Services (GECAS) has announced the delivery of a new Boeing 737-800 aircraft to Air China as the carrier undertakes its ongoing fleet modernisation. GECAS currently leases 16 other aircraft to the carrier and manages six aircraft leased to Air China on behalf of other owners. … [Read more...] about Air China takes delivery of new B737-800