The latest data from the International Air Transport Association (IATA) shows a further slowdown in global air freight demand in June. Air freight volumes measured in freight tonne kilometers (FTK) rose just 1.2 per cent compared to a year ago. This is consistent with falling trade activity and weaker than expected global growth. Regional performance varied widely. Asia-Pacific, North American and Latin American carriers reported year-on-year declines (-0.3, -3.3, and -1.6 per cent … [Read more...] about Global air cargo demand stagnating: IATA
airlines cargo
UPS, FedEx not changing course on hunting trophies
The shipment of big game hunting trophies is still acceptable to UPS and FedEx with a UPS spokeswoman telling The Washington Post that the global shipping giant follows US and international laws, not public opinion, in determining what it will and won’t ship. “There are many items shipped in international commerce that may spark controversy,” UPS public relations director Susan Rosenberg wrote in an e-mail reply to The Post. “The views on what is appropriate for shipment are as varied as the … [Read more...] about UPS, FedEx not changing course on hunting trophies
Virgin calls for industry-wide ethical cargo policy
Virgin Atlantic Cargo has welcomed the latest moves by other airlines to ban the carriage of hunting trophies and says it is now time for the airline cargo industry to adopt a strict ethical cargo policy to clearly identify shipments not acceptable for carriage. Virgin Atlantic Cargo adopted its own ethical policy over three years ago and says an industry-wide agreement that all airlines would be duty-bound to implement would eliminate shipments such as hunting trophies and endangered … [Read more...] about Virgin calls for industry-wide ethical cargo policy
China Southern kicks off Guangzhou-Nairobi service
China Southern Airlines on Wednesday made its maiden flight to Kenya’s Jomo Kenyatta International Airport, as it kicked off direct three-times weekly flights from Guangzhou-Nairobi using A330-200 aircraft. This will be the airline’s second direct route to Africa (after Mauritius), and will capitalise on the growing tourism and business travel volume between Asia and Africa, particularly to Nairobi. Cabinet Secretary for East African Affairs, Commerce and Tourism, Hon. Phyllis Kandie, said: … [Read more...] about China Southern kicks off Guangzhou-Nairobi service
Kenya Air may need half a billion dollar bailout
Kenya Airways posted a record loss in its year ended March and may now need a bailout of more than half a billion dollars. Kenya’s finance minister, Henry Rotich, said the national flag carrier may require a bailout to the tune of US$500 million to US$600 million, according to a Reuters report. This figure and the the form of recapitalisation would depend on a turnaround plan currently being prepared by two consultancy firms: McKinsey and Seabury. … [Read more...] about Kenya Air may need half a billion dollar bailout
Swiss, Lufthansa rejig rates but don’t go all-in
Swiss WorldCargo and Lufthansa Cargo have announced a rejigging of their pricing structure, but opting not to take the all-in rate route that a number of airlines have moved to. The duo said that as of 25 October 2015 the pricing of both airlines will consist of two components: A net rate and an 'Airfreight Surcharge' which will see overall pricing remaining the same. As a result, the different surcharges currently in place, i.e. for fuel and security, will be eliminated. As the new … [Read more...] about Swiss, Lufthansa rejig rates but don’t go all-in
