Fierce competition, excess capacity and suspended fuel surcharges saw cargo revenue at Cathay Pacific falling 17.2 per cent in the first half to US$1.2 billion. The decline occured despite a marginal increase in the tonnage carried in the first six months of 0.2 per cent, which was offset by a 0.6 per cent increase in capacity of both Cathay Pacific and Dragonair that pulled the load factors down to 62.2 per cent, the carrier said. But for the airline overall, the situation was far worse with … [Read more...] about Cathay Pacific Cargo sees cargo revenue drop 17% in 1H
Air Freight Asia
Scoot to launch first flights to Europe
Scoot, the Singapore Airlines long-haul, low-cost carrier (LCC), has announced it will start flying to Europe for the first time next summer. Scheduled to commence on 20 June 2017, the airline will operate non-stop services four times per week between Singapore and Athens using B787-8 equipment. Scoot’s cargo belly capacity is marketed by Singapore Airlines Cargo. This will become the longest air route operated by any LCC, with a distance exceeding 10,000km and Scoot will become the first … [Read more...] about Scoot to launch first flights to Europe
Southco sticks with DHL Global Forwarding as sole global logistics provider
DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL Group, announced that Southco, a global source for engineered access hardware solutions, has chosen DHL once again as its sole global logistics provider. The company renewed their existing contract with DHL for another four years for a combination of air, ocean, domestic and customs brokerage services on various trade lanes. Southco currently uses DHL Global Forwarding to ship a variety of its latches, hinges … [Read more...] about Southco sticks with DHL Global Forwarding as sole global logistics provider
Yusen opens cold storage facility in Cambodia
Yusen Logistics (Cambodia) Co., Ltd. is establishing a temperature-controlled distribution center in Phnom Penh, Cambodia. Set to be one of Cambodia’s largest cold storage facilities, the facility strengthens Yusen Logistics distribution network in Asia and will support Cambodia’s growing demand for warehouse storage for imported general consumer goods and chilled and frozen goods. In addition, the company will be offering Cambodia’s first consolidated delivery service in Phnom Penh for … [Read more...] about Yusen opens cold storage facility in Cambodia
THAI narrows loss by 62% in Q2 2016
THAI and its subsidiaries announced its second quarter results 2016, posting an operating loss of THB 1,782 million (US$51.4 million) - an improvement from the same period last year by 62.2 per cent. During this quarter, special items were the ongoing Transformation Plan and impairment loss of assets and aircraft that totalling THB 2,300 million with a gain on foreign currency exchange that totaled THB 595 million resulting in the net loss of THB 2,915 million. The continual Transformation … [Read more...] about THAI narrows loss by 62% in Q2 2016
ASL Airlines B734 operating for DHL overruns runway in Milan
An ASL Airlines B737-400, on behalf of EAT Leipzig, on behalf of DHL on a freight flight from Paris Charles de Gaulle to Milan Bergamo overran the runway at Milan Bergamo's Orio al Serio Airport amid thunderstorms and poor weather early Friday morning local time. The aircraft broke through the airport perimeter fence, a parking lot, a guardrail and came to a stop on a road about 580 meters past the end of the runway. The aircraft sustained substantial damage and both pilots were taken to … [Read more...] about ASL Airlines B734 operating for DHL overruns runway in Milan
