Cathay Pacific Group’s cargo operations continued to outperform passenger traffic in July as cargo and mail tonnage for the airline and its Cathay Dragon subsidiary climbed 10 percent over the previous month to 102,129 tonnes, a press release confirmed. However, this reflects a 39.8 percent drop compared to the same period last year, no thanks to significant reduction in belly capacity due to pulled back passenger flights. July’s revenue freight tonne kilometres (RFTKs) fell 33.3 percent … [Read more...] about Cathay Pacific’s cargo volume jumps 10 percent on month in July
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ATRAN expands in China amidst growing e-commerce demand
ATRAN Airlines, Volga-Dnepr Group’s express cargo unit, is set to expand its air cargo services in China after adding a weekly flight between Shijiazhuang and Moscow, a press release confirmed. With Russia seeing more online orders amidst closed shops and restricted movement due to the lockdown, second-tier cities like Shijiazhuang and Xi’an have benefited as e-commerce suppliers looked to expand to meet the growing demand. ATRAN’s cargo services are increasingly being sought after as … [Read more...] about ATRAN expands in China amidst growing e-commerce demand
Munich Airport welcomes more airlines in its flight plan
Following the easing of travel restrictions throughout Europe, Air Canada, Emirates, Etihad, Lufthansa, Qatar Airways, Delta Air Lines, and United Airlines are back in the list of airlines landing at Munich Airport, a press release confirmed. Munich Airport has also welcomed the return of Egyptair and Tunis Air in its flight plan. The airport now serves flights to 14 non-European destinations in its network, including Cairo and Tunis, along with two destinations in Canada, six in the US, … [Read more...] about Munich Airport welcomes more airlines in its flight plan
Cathay Pacific takes net loss as carrier’s focus pivots to cargo
Cathay Pacific Group reported HK$9.9 billion (US$1.3 billion) in net loss for the first six months as the carrier felt the impact of Covid-19, with group chairman Patrick Healy describing the half-year period as the most challenging in its 70-year history. Net loss from Cathay Pacific and its Cathay Dragon unit amounted to HK$7.36 billion (US$950 million) in the first half, and the share of losses from other subsidiaries and associates was at HK$2.5 billion (US$320 million). Only … [Read more...] about Cathay Pacific takes net loss as carrier’s focus pivots to cargo
Skyscraping costs to move goods by air set to go even higher
Capacity constraints have driven up rates for international shipments this year whether by sea, air or land, further complicating matters for supply-chain managers dealing with the effects of Covid-19 on their businesses, Bloomberg reports. Limited passenger flights, which handle about half of the world’s airborne cargo, have created a significant reduction in available belly capacity, which has helped drive rates higher despite a decline in demand of about 19%. Air-cargo rates from Hong … [Read more...] about Skyscraping costs to move goods by air set to go even higher
SIA, Temasek Foundation to aid World Food Programme’s coronavirus response
Singapore Airlines (SIA) and the Temasek Foundation will partner with the World Food Programme (WFP) to help transport essential medical supplies and other health and humanitarian items to areas of need around the world, according to a joint press release. WFP said it has enough cargo to fill 188 jumbo jets that would require transport in the coming weeks, but resources have been stretched incredibly thin. WFP has been sending a steady flow of supplies to the frontlines since May, … [Read more...] about SIA, Temasek Foundation to aid World Food Programme’s coronavirus response