The International Air Transport Association (IATA) called on governments to urgently find alternatives to recently announced measures by the United States and the United Kingdom to restrict the carry-on of large electronic items on certain flights departing the Middle East and North Africa. The Case for Alternative Measures “The current measures are not an acceptable long-term solution to whatever threat they are trying to mitigate. Even in the short term it is difficult to … [Read more...] about Urgent call for alternatives to large electronic restrictions
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Stifel Logistics Confidence Index sinks to a 26-month low
The Stifel Logistics Confidence Index saw a fourth consecutive month of decline in September. While the Index, at 51.5, remains above the neutral 50 mark, times may be gloomier that the numbers alone suggest, according to the Index's authors. Not only has the Index reached its lowest point in some 26 months, it also recorded its fastest pace of decline since June 2014, a 2.6 point loss against the 54.1 recorded in August. September's most concerning figure comes from the Logistics Situation … [Read more...] about Stifel Logistics Confidence Index sinks to a 26-month low
Oil production surplus highest in 17 years: IEA
A global glut of oil is forecast to last through 2016 despite the strongest demand growth in five years and faltering supply, both of which have failed to clear the surplus, according to the International Energy Agency (IEA) in its latest monthly report. This has seen jet fuel prices slide more than 47 per cent compared with a year ago, according to the latest statistics from the International Air Transport Association (IATA). The global oversupply will average 1.4 million barrels a day in … [Read more...] about Oil production surplus highest in 17 years: IEA
Record low oil prices fuel hedging strategies
Airlines around the world are moving quickly to increase their jet fuel hedging as they eye five month lows in crude prices that many expect to taper off at around US$50 a barrel. "Some airlines are popping in and hedging bits and pieces daily at a Brent price of $55 and down to $50," said a trader with a bank that handles hedging for many Asian airlines according to Reuters. Indonesia's PT Garuda Indonesia has hedged 45 per cent of its 2015 jet fuel needs and is now looking to raise that … [Read more...] about Record low oil prices fuel hedging strategies
Etihad Cargo launches AUH-BZV service
Etihad Cargo has increased its freighter services to Africa with the launch of a cargo only service from Abu Dhabi (AUH) to Maya Maya Airport, Brazzaville (BZV), in the Republic of Congo. Operating twice weekly using a B777F freighter aircraft, the new service will fly from Abu Dhabi to Brazzaville via Lagos airport (LOS) in Nigeria. The freighter has a capacity of 100 metric tonnes and will transports tools, machinery, general cargo, electronics and project … [Read more...] about Etihad Cargo launches AUH-BZV service
China Southern launches Guangzhou-Stansted
China Southern Cargo is the latest major carrier to join Stansted Airport’s global cargo network when it began a new service to Guangzhou n 20 June. The airline now operates two flights a week, rising to three a week later this year, to Stansted from China’s third largest city, using a B777-200 freighter. The service will be the only direct freighter link between the UK and China and the airport’s first scheduled cargo link to Guangzhou. Andrew Harrison, London Stansted Airport’s managing … [Read more...] about China Southern launches Guangzhou-Stansted
