Japan Airlines (JAL) reported a 3.1 per cent YoY drop in group net profit for the first three quarters of fiscal 2014, to 119.684 billion yen (US$1.01 billion), despite a nearly double-digit rise in international cargo revenue. Despite the fall in profit, JAL raised its full-year earnings forecast to a net profit of 139 billion yen - against a previous projection of 135 billion yen - owing to falling fuel costs and stronger revenue in its cargo business. … [Read more...] about JAL's profit drops despite strong cargo revenue
Freight Forwarders
SmartKargo to power cargo at Hawaiian Airlines
SmartKargo announced that Hawaiian Airlines is its first customer in the Western Hemisphere. “We are delighted to partner with SmartKargo as we continue to build our cargo business,” said Tim Strauss, Hawaiian’s vice president-Cargo. “Our cargo revenues have more than doubled over the past three years, and we believe that SmartKargo’s 100 per cent Cloud solution, robust, shipper-to-receiver functionality, and ease of use will help us grow the business further … [Read more...] about SmartKargo to power cargo at Hawaiian Airlines
FedEx seals purchase of Genco
FedEx Corp. has completed the acquisition of GENCO Distribution System, one of the largest third-party logistics providers in North America. The acquisition, as previously announced on 15 December 2014, will offer customers a more comprehensive portfolio of logistics services, complementing the transportation services already provided by FedEx. “We are extremely pleased to welcome GENCO teammates to the FedEx family,” said Frederick W. Smith, chairman and CEO of FedEx Corp. … [Read more...] about FedEx seals purchase of Genco
200 ACC3 certs expire without incident: IATA
The 1 January expiry of some 200 temporary ACC3 accreditations for various cargo handling facilities and carriers around the world has not resulted in any negative impacts as of 27 January 2015, the International Air Transport Association (IATA) told Payload Asia, but the ultimate sanction of banning cargo uplift into Europe is still on the table. The original ACC3 deadline was 1 July 2014, which saw nearly 1,100 independent validations conducted with about 120 IATA … [Read more...] about 200 ACC3 certs expire without incident: IATA
SW Italia secures its air operators certificate
SW Italia has secured its air operators certificate (AOC) from the Italian civil aviation authority, following the arrival of its first aircraft, B747-400(F) I-SWIA (msn 29729) formerly 4K-SW800 with parent Silk Way West Airlines. With its certification now complete, the Italian freight start-up plans to offer flights from Milan Malpensa to Hong Kong Chek Lap Kok via Baku initially before expanding to the US and Latin America. … [Read more...] about SW Italia secures its air operators certificate
APAC airlines see 2014 revival in cargo demand
Preliminary figures for the full calendar year 2014 released by the Association of Asia Pacific Airlines (AAPA) showed air cargo markets experienced an encouraging revival in demand after three consecutive years of declines. An upsurge in exports from manufacturing hubs in the region led to a rebound in international air cargo markets in 2014, with demand as expressed in freight tonne kilometre (FTK) terms growing by a solid 5.4 per cent compared to the previous year. Available freight … [Read more...] about APAC airlines see 2014 revival in cargo demand
