Singapore Airlines (SIA) Cargo has seen revenues fall and operating losses deepen on the back of a double-digit yield decline. During its financial first quarter ending 30 June, SIA Cargo saw revenues decline by S$60 million (US$44.8 million), while its operating result slipped to a loss of $34 million compared with S$9.0 million loss a year earlier. The carrier cited a yield decline of 17.4 per cent as being behind the deepening loss, which came despite a $35 million reduction in operating … [Read more...] about SQ Cargo sees widening loss on plummeting yields
air freighter
AA Cargo moves athletic gear and broadcasting equipment to Rio
American Airlines Cargo has delivered over 59 tonnes of high-tech broadcast equipment and athletic gear to Rio de Janeiro in Brazil for the upcoming Olympic Games. Broadcasting equipment was shipped out of Japan and London to Rio for high-resolution filming at the sporting festival. One of the largest shipments of this kind moved over a three-week period to Rio's Galeão International (GIG) via two American Airlines gateway hubs, Los Angeles (LAX) and Miami (MIA). Fourteen different movements … [Read more...] about AA Cargo moves athletic gear and broadcasting equipment to Rio
Modest growth in June first time this year for Asian carriers
Preliminary traffic figures for the month of June released today by the Association of Asia Pacific Airlines (AAPA) showed some modest growth for air cargo demand for the first time since the start of the year while international air passenger demand continued to enjoy healthy growth. Air freight volumes for Asian airlines grew by 4.1 per cent as measured in freight tonne kilometre (FTK) terms. Offered freight capacity increased by 3.6 per cent, leading to a 0.3 percentage point increase in … [Read more...] about Modest growth in June first time this year for Asian carriers
Cebu Pacific places order for two A330-300s
Manila-based Cebu Pacific has placed a firm order with Airbus for two A330-300s. The aircraft will join an existing fleet of six A330s flying with the airline on long range flights to destinations in the Middle East and Australia, as well on selected domestic and regional routes. “The A330 has proven to be the right choice for our long haul low fare product,” said Lance Gokongwei, Cebu Pacific president and CEO. “The newly ordered aircraft will enable us to add more long haul routes, … [Read more...] about Cebu Pacific places order for two A330-300s
Asia Airfreight Terminal (AAT) pioneers RFID technology on ULDs in HK
Hong Kong’s Asia Airfreight Terminal (AAT) has announced it has pioneered Radio-Frequency Identification (RFID) ULD Tags for the pre-packed cargo in Hong Kong from 25 July 2016, with the benefit of greater speed and accuracy. AAT said the cargo acceptance process is streamlined through the use of the RFID tags to achieve higher operational efficiency and time-saving benefits. Previously, AAT’s cargo acceptance of prepacked shipments required two levels of manual data entry at the truck dock … [Read more...] about Asia Airfreight Terminal (AAT) pioneers RFID technology on ULDs in HK
DHL invests $137m to exploit booming US e-commerce business
Deutsche Post DHL Group has announced a US$137 million investment plan for the US domestic and cross-border e-commerce market. DHL eCommerce said it is making the substantial investments to expand its capabilities to serve US businesses selling abroad as they are at the forefront of global e-commerce sales. DHL aims to exploit the global B2C e-commerce market for cross border shipments which are expected to grow from $400 billion today to a total global volume of $1 trillion in 2020, … [Read more...] about DHL invests $137m to exploit booming US e-commerce business
