Santiago-based LATAM Airlines Group narrowed its year-on-year net loss for 2014 to US$109.8 million from $281.1 million in 2013, drawn on this year's revenues of US$3.04 billion, which fell 1.7 per cent. Q4 net profit was US$98.3 million against a year-on-year net loss of US$46.1 million. This result includes a foreign exchange loss of US$90.3 million mostly in consequence of the devaluation of the Brazilian real during the quarter. The airline reported a strong improvement in operating … [Read more...] about LATAM cargo revenue down by 4.7%
Freight Forwarders
Disruptions in LAN Airline cargo flights
A number of flights of LAN Airlines could be affected by industrial disputes in South America. The unions of LAN Airlines will begin a series of actions on Wednesday, 25 March in Chile, Colombia, Ecuador and Miami. To date the company has not responded to the union’s demands to improve working conditions. LAN Airlines workers are responsible for passenger safety, airplane maintenance, and customer connections in airports. “National and international passengers could be subject to … [Read more...] about Disruptions in LAN Airline cargo flights
Thai to exit freighter services, sell off 22 aircraft
Thai Airways has announced the latest step in its major restructuring plans that will see it sell off 22 of its aircraft and terminate freighter services as it struggles to overcome seven straight months of losses. The carrier - with nearly US$5.9 billion in debts - will cease operating its final two B747-400BCF services by end of the month. Thai Airways was once a leader in the cargo market, but the company has stopped and started its freight services multiple times in recent years. The … [Read more...] about Thai to exit freighter services, sell off 22 aircraft
Cargo, passenger traffic up at Abu Dhabi Int’l Airport
Abu Dhabi Airports said it handled 64,067 tonnes of cargo at its three terminals in February 2015, a 12.6 per cent increase when compared to February 2014. There were 12,852 aircraft movements in February 2015, which was a 15 per cent increase over February 2014’s figure of 11,174. Passenger traffic at Abu Dhabi International Airport increased by 21.5 per cent in February 2015. A total of 1,715,540 passengers passed through Abu Dhabi International Airport during … [Read more...] about Cargo, passenger traffic up at Abu Dhabi Int’l Airport
U-Freight America moves HQ
U-Freight America Inc, the US subsidiary of international freight service and logistics group U-Freight, has moved into a modern new headquarters in San Francisco. The 5,300 sq ft office will be home for U-Freight America's sales, accounting, customer service and administration teams, as well as staff from the company's NVOCC, U-Ocean. A logistics warehouse will be maintained at San Francisco International airport. Comments Rick Keller, president and CEO of U-Freight America: … [Read more...] about U-Freight America moves HQ
DHL incorporates German pharma co. STADA
From left to right: Benoit Dumont, Alps & Nordics, DHL Supply Chain; Matthias Wiedenfels, STADA; Graham Inglis, Global Life Sciences & Healthcare, DHL Supply Chain DHL integrates the German logistics business of pharmaceuticals company STADA. Effective 1 June 2015, DHL Supply Chain will manage the logistics activities and sites of the pharmaceutical company in Florstadt and Bad Vilbel, near Frankfurt/Main. The deal does not comprise the disposal of the infrastructure, but the … [Read more...] about DHL incorporates German pharma co. STADA
