Ground Handling & Cargo Terminals

Air cargo upturn underway, but “fragile”

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Signs of a clear, but fragile recovery in air cargo demand are being driven by companies restocking inventories which have run low, the International Air Transport Association (IATA) said on Thursday. But this pick up would remain “fragile” as long as economic recovery is driven by the inventory cycle, and not by increased consumption and business investment, IATA warned. International air freight demand was 11.3 per cent lower in July than the same month in 2008, a considerably … [Read more...] about Air cargo upturn underway, but “fragile”

SATS profits even as aviation business down

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Singapore Airports Terminal Services (SATS) has reported a 17 per cent rise in first quarter net profits, even though its aviation business has continued to flounder in line with the global economicdownturn. The ground-handling firm says that its net profit for the three months ended 30 June increased by S$5.9 million (US$4.1 million) to S$40.4 million, buoyed by a 44 per cent increase in group revenues to S$351.7 million. However, the Singapore Airlines subsidiary says that the revenues … [Read more...] about SATS profits even as aviation business down

Dubai Airport sees only slight cargo drop

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While much of the world is still reeling from the sharp decline in cargo volumes, Dubai International Airport has recorded only a small decline in cargo throughput of 0.76 per cent for the first six months of this year compared with the same period last year. And, it is likely to end the year on the same levels as last year, a senior executive of Dubai Airports said. In the first half of 2009, the airport moved 874,828 tonnes of cargo compared to 2008 when it handled 1.83 million tonnes of … [Read more...] about Dubai Airport sees only slight cargo drop

Alaska forced to cut jobs as business slides

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The continued slump in the global air cargo market has taken its toll on Alaska, with the Alaska International Airport System cutting positions at the airports in Anchorage and Fairbanks. “It has gotten to the point where the trimming of positions both inside and outside of the airport are noticeable,” said John Parrott, airport manager at Ted Stevens Anchorage International Airport. “We have as many as 50 vacancies that we are not refilling due to budgetary … [Read more...] about Alaska forced to cut jobs as business slides

TNT opens PHP15 million Philippines depot

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Express integrator TNT has opened a new Philippines-based depot in San Fernando, Pampanga province north of Manila. Th e PHP15 million (US$312.7 million) depot is expected to significantly increase TNT’s connectivity and presence in Pampanga, particularly in the special economic zones of Subic and Clark, as well as the rest of Northern Luzon. TNT said the new depot is part of its continued investment in Southeast Asia and is integral to the company’s plans to build its … [Read more...] about TNT opens PHP15 million Philippines depot

UK’s BAA airport group sees slowing decline

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UK airports group BAA – which owns London airports Heathrow, Gatwick and Stansted as well as Southampton in Southern England and Glasgow, Edinburgh and Aberdeen in Scotland – said cargo traffic showed a slower rate of decline in July, but was still down 11.7 per cent on the year. Cargo volumes at its airports are down 17 per cent for the first seven months of 2009 compared with a year earlier. Its airports also handled 14.5 million passengers in July, down just 2.4 per … [Read more...] about UK’s BAA airport group sees slowing decline