The Singapore Airlines Group earned an operating profit of SG$39 million (US$31.2 million) in the first quarter of the 2014-15 financial year, $43 million (-52.4 per cent) lower than last year. After non-operating and exceptional items, Group net profit was $35 million, down $87 million (-71.3 per cent) over the same period last year. Group revenue fell $158 million (-4.1 per cent) to $3,682 million. Passenger revenue declined year-on-year on the back of weaker yields amid intense … [Read more...] about SIA Cargo revenue down despite slight yield gain
Ground Handling & Cargo Terminals
Asia Pac carriers see 4.7% rise in cargo demand
Preliminary traffic figures for the month of June released by the Association of Asia Pacific Airlines (AAPA) showed continued expansion of both air freight and international passenger markets. For the region's carriers, demand for air freighted goods continued to grow in the month of June, helped by positive consumer and business sentiment in major developed economies. Overall, air freight demand in freight tonne kilometre (FTK) terms grew by an encouraging 4.7 per cent … [Read more...] about Asia Pac carriers see 4.7% rise in cargo demand
Air freight confidence up slightly in July
The Stifel Logistics Confidence Index for July has made a slight gain in July but continues the month-by-month fluctuations that have been occurring through much of this year. Since February the overall Index (air and sea freight combined) has increased one month and then declined the next reaching its high so far this year in May at 57.9. For the current month, the index is up 0.9 points over June to 56.1. The overall air freight confidence index has yet to return to this year’s high … [Read more...] about Air freight confidence up slightly in July
Dnata receives EU RA3 certification at Manila
Dubai-based ground handler, dnata, has secured RA3 certification for its ramp services at Ninoy Aquino International Airport in Manila. RA3, short for ‘Third Country EU Aviation Security Validated Regulated Agents’, is a supply-chain security initiative of the European Union related to ACC3. ACC3 is short for ‘Air Cargo or Mail Carrier operating into the Union from a Third Country Airport’. Dnata is one of the first ramp operations providers in the country to … [Read more...] about Dnata receives EU RA3 certification at Manila
Cargolux welcomes 10th B747-8 freighter
Cargolux Airlines International will take delivery of its 10th B747-8 freighter from Boeing on 25 July. The aircraft, named ‘City of Contern’, is scheduled to leave Boeing’s Paine Field in Seattle on 24 July and after stopovers at Seattle Tacoma and Calgary, where the new freighter picks up a load of cargo, it will arrive in Luxembourg on 25 July. "The delivery of the 10th 747-8F has helped us bring down the average age of our fleet - already one of the youngest in the … [Read more...] about Cargolux welcomes 10th B747-8 freighter
Dachser now sole shareholder in South Korea
German logistics company, Dachser, is now operating business in South Korea as Dachser Korea Inc., effective 1 July. The global logistics provider has had presence in the Republic of Korea (South Korea) since 2006 as MGI & Dachser Inc. In December 2013, Dachser acquired the remaining 50 per cent of the joint venture. Alongside the renaming of the company, Dachser also moved into new offices in Seoul. The head office of the company is located in Seoul with another office in the southern … [Read more...] about Dachser now sole shareholder in South Korea